Brazil is the world’s third largest country by number of incorporated companies, with a total of 21 million businesses.
Many Brazilian industries are highly developed and offer numerous business opportunities.
The country has undergone significant economic growth over the last 20 years and has been a hub for strategic partnerships.
This graph shows that the Retail Trade sector is the largest industry in Brazil as it represents 33.04% of the entire market.
The second largest sector is Manufacturing, which stands at 10.15% of market, whilst Accommodation and Food Services is in third place with 8.75%.
The Retail Trade sector comprises establishments engaged in retailing merchandise, generally without transformation, and rendering services incidental to the sale of merchandise. This sector comprises two main types of retailers: store and nonstore retailers.
The Manufacturing sector comprises establishments engaged in the mechanical, physical, or chemical transformation of materials, substances, or components into new products. Establishments in the Manufacturing sector are often described as plants, factories, or mills and characteristically use power-driven machines and materials-handling equipment.
The Accommodation and Food Services sector comprises establishments providing customers with lodging and/or preparing meals, snacks, and beverages for immediate consumption. The sector includes both accommodation and food services establishments because the two activities are often combined at the same establishment.
Once you have strengthened your understanding of the Brazilian market, you may be interested in exploring some strategic partnerships, as they can lead to numerous benefits such as lower costs and improved efficiency.
All cited data is referenced to NAICS 2017, which was last updated in September 2018.