Brazil: Exporter Guide
After being adversely affected by the coronavirus pandemic, Brazil’s gross domestic product (GDP) registered two years of consecutive growth, 4.6 percent in 2021 and an estimated 3 percent by the end of 2022. Like other economies around the world, Brazil is struggling with inflationary pressure. Although inflation went up to two digits in 2021, which impacted consumer spending, Brazil’s Central Bank was able to bring inflation down to approximately 6 percent in 2022 through monetary policy. Within this scenario, exports of consumer-oriented products to Brazil have performed above expectations in 2021 and 2022. In 2022, U.S. exports of consumer-oriented products will grow above 30 percent, which gives the United States the best individual result among the top exporters to Brazil.