Italy has illustrated its economic-commercial presence in Brazil in the form of a booklet called “Il contributo dell’Italia allo sviluppo economico del Brasile”. The booklet was produced by our Embassy in Brasilia in collaboration with the Bank of Italy’s financial attaché.
Written in both Italian and Portuguese, the booklet summarises the main Italian economic fundamentals in Brazil, with data up-dated to May 2013.
Italy was the world’s 8th exporter to Brazil in 2012, and 2nd in Europe
In 2012, Italian-Brazilian trade amounted to around 11 billion dollars, with a surplus on Italy’s side of 600 million: 107% up on 2011. Italy is the world’s 8th exporter to Brazil, and 2nd in Europe, coming after Germany and ahead of France. It holds 2.78% of the market share, slightly up on the 2.75% seen in 2011.
Industrial cooperation and Italian investment both up
Over the same period, instances of industrial cooperation and Italian investment in Brazil also grew, the latter by 116%: from 457 million dollars in 2011 to 986 million in 2012.
The booklet provides a snapshot of the regions and sectors where our businesses have gained a foothold. San Paolo state is the main destination for Italian investment, followed by Rio de Janeiro and Minas Gerais. However, signs of interest in the north-eastern regions are also emerging, with the last three years seeing higher development rates than the national average.
The key sectors for investment are machinery and industrial components, vehicles and energy.