SENSITIVE RISK
Economic risk
Business environment risk
Political risk
Commercial risk
Financing risk
Economic risk
Business environment risk
Political risk
Commercial risk
Financing risk
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GDP | USD1868.6261bn (World ranking 9, World Bank 2018) |
Population | 209.47mn (World ranking 6, World Bank 2018) |
Form of state | Federal Republic |
Head of government |
Jair Bolsonaro (President, far-right) |
Next elections | 2022, presidential and legislative |
(% of total)
Exports | Rank | Imports |
---|---|---|
China
21%
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1 |
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United States
13%
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2 |
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Argentina
7%
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3 |
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Germany
4%
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4 |
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Japan
3%
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5 |
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(% of total)
Exports | Rank | Imports |
---|---|---|
Oil seeds and oleaginous fruits
11%
|
1 |
8%
Petroleum, petroleum products and related materials
|
Metalliferous ores and metal scrap
10%
|
2 |
7%
Electrical machinery, apparatus and appliances, n.e.s.
|
Meat and meat preparations
8%
|
3 |
7%
Road vehicles
|
Petroleum, petroleum products and related materials
6%
|
4 |
6%
Other industrial machinery and parts
|
Road vehicles
6%
|
5 |
6%
Organic chemicals
|
Low
Medium
Sensitive
High
Payments
Court proceedings
Insolvency proceedings
Payments
Court proceedings
Insolvency proceedings
Given the length and cost of legal actions in Brazil, chances of obtaining enforceable judgments in a timely manner are low and it is preferable to consider amicable arrangements and specialist debt collection methods as a means to avoid domestic courts.
When it comes to insolvent debtors, use of the company rescue mechanisms is increasing; in practice, however, the chances of recovering debt remain extremely low.
Contact Euler Hermes
Economic Research Team
research@eulerhermes.com
Contact Georges Dib
Economist for Latin America, Spain and Portugal
georges.dib@eulerhermes.com