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01426 001 São Paulo Brasil

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Swedish Industry in Brazil

Swedish Industry in Brazil

Brazil has been a big Swedish commercial partner for decades and the success story started when the first telephone was provided by Ericsson in 1891.

From this point in time, Swedish industry has established more than 200 companies in Brazil and this long run commitment has evolved into a "Little Sweden" placed in the biggest economy in Latin America; São Paulo, the financial center and spirit of Brazil, also considered being the largest center of Swedish Industry together with Gothenburg.

If this is not enough to illustrate the Brazilian importance as the main Latin America economy, Curitiba, the capital of Paraná, is also included as the top ten biggest markets for Swedish industry.

Swedish business and industry is responsible for a turnover of about R$ 23 billion every year (2007) in Brazil and employs almost 50 thousand workers.

With these strong economical and historical ties it is safe to say that Swedish industry has a great interest in Brazil. Research says that Swedish cooperation's has been investing about U$ 3.3 billion into the Brazilian economy in the period of 2000 to 2005, making Sweden the 10th biggest foreign investor in Brazil.