Situated in South America, Brazil is a large and resource-rich country that borders 10 other countries. Its largest and most economically active city is São Paulo, and its capital is Brasília. With an anticipated GDP of USD 2.1 trillion as of 2024, Brazil is the biggest economy in Latin America. As per Brazil export data, Brazil is ranked 26th in the world for exports, according to global export data. In 2024, China will be the largest importer of Brazilian commodities. It is estimated that the nation's overall export value will be around USD 346 billion. The principal export good that sustains Brazil's mining and industrial economy is iron ore.
Brazil is a major exporter in the world thanks to its industrial might, competitive agriculture sector, and natural richness. As per Brazil trade data, the nation exports a wide variety of goods, including industrial gear, agricultural products, and minerals. Brazil's network of contemporary ports and proximity to the Atlantic Ocean make it an essential part of global commerce routes that link Europe, Asia, and the Americas.