Miami Beach Condos: Brazil’s Importance to South Florida’s Economy

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By Michael Diaz, Jr.
The U.S. is taking its relationship with Brazil for granted, and that may hurt South Florida’s economy.
South Florida has long been Brazil’s primary gateway to the U.S. marketplace. During the first 11 months of 2010, Florida’s merchandise trade with Brazil topped $14.4 billion, a 27 percent increase over 2009. Brazilian tourists spend more money in Florida than in any other state. Thirty-five percent of real-estate buyers in downtown Miami are Brazilians.
However, in 2009, China became Brazil’s primary trading partner, surpassing the U.S. for the first time ever. The following year, China and Brazil signed several trade agreements boosting trade and energy co-operation. By 2010, China took top honors as Brazil’s largest foreign investor.
The growing importance of China to Brazil will change the traditional north-south flow of Brazilian trade and investment. For example, Brazilian aircraft maker Embraer recently signed deals for Chinese Airlines to buy 35 E190 planes worth up to $1.4 billion dollars. China plans to invest $300 million in technology and research centers in São Paulo and Goias while Taiwan based Foxconn Technology Group may spend $12 billion to build a factory in Brazil that will produce iPhones, iPads, and other Apple products. This will be Foxconn’s largest investment overseas.


About Pamela's Blog

Pamela Diaz-de-Leon With an accomplished background encompassing Diplomacy, Architecture, Business and Film, Pamela Diaz-de-Leon brings to the real estate industry the entrepreneurial expertise which stem from her interdisciplinary experience. Her world wide network of distinguished personalities carefully knitted of relationships formed in her five years as the Cultural Attaché for the Instituto Cervantes, serving the King of Spain, in Chicago, and her Hollywood connections acquired while working with a recognized film distributor, give her the global platform in which she has developed her business with great success. Knowledgeable, informed and organized she holds ethics and integrity as her highest values thus, providing her customers with an excellence of service that ensures their utmost satisfaction and their continued loyalty to her work. Office. 305.677.5055 Cell. 305.720.8439
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