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With a population of almost million, Brazil is the world's leading exporter of sugar, coffee, beef and orange juice. Soybeans are Brazil's fastest-growing shipments, powered by the appetites of China's 1. Other major exports include aircraft, vehicles, iron ore, steel, textiles and footwear. Below is a list of the top-ten countries purchasing Brazilian exports in Although the U. In eleventh and twelfth place, the U. To remain an agricultural superstar in global trade, Brazil has to deal with growing pains.
The recent collapse of World Trade Organization talks in Doha shut the door on an initiative to remove U. Also, a weak American dollar makes Brazilian products more expensive and therefore sensitive to international competition.
And Brazil is notorious for poorly constructed and maintained roads, railways and seaports. Three hour delays at airports are common. This is further aggravated by an inefficient customs service. In a nutshell, global trade with Brazil can be painful. According to USA Today, it can take 3 times longer to import or export goods to Brazil than most other countries. However, all of these trade roadblocks can be effectively managed.
In fact, the issues are opportunities to make Brazil more efficient and therefore stronger. Bordering every South American nation except for Ecuador and Chile, Brazil is home to extensive agricultural lands and rain forests. Brazil has vast natural resources and a large labour force. With less than one fifth of the country's potential farmlands being cultivated, Brazil's much-needed exports and healthy trade surplus is poised to further rise. Brazil's potential may be limited only by how fast its trade buddies in the world economy can keep up.