Characterized by large and well-developed agricultural, mining, manufacturing, and service sectors, Brazil's economy outweighs that of all other South American countries and is expanding its presence in world markets. Key Industries: Textiles, Shoes, Motor Vehicles and Parts, Chemicals, Cement, Lumber, Iron Ore, Tin, Steel, Aircraft, Other Machinery and Equipment Key Imports: Machinery, Automotive Parts, Oil, Electrical and Transport Equipment, Chemical Products, Electronics Key Exports: Soybeans, Autos, Coffee, Transport Equipment, Iron Ore, Footwear

Capital inflows continue to strengthen along with currency appreciation. The resilience in the economy stems from commodity-driven current account surpluses, and sound macroeconomic policies that have bolstered international reserves, reduced public debt, and allowed a significant decline in real interest rates. A floating exchange rate, an inflation-targeting regime, and a tight fiscal policy are the three key elements of the economic program. The President is continuing his commitment to fiscal responsibility. Also, the President announced a package of further economic reforms to reduce taxes and increase investment in infrastructure.

President Rousseff has pledged to retain the previous administration’s commitments to targeting inflation by the central bank, floating exchange rate and fiscal restraint