Brazil papayas. The industry – from automobiles, steel and petrochemicals to computers, aircraft and consumer durables – accounted for 30.8% of the gross domestic product. Industry is highly concentrated in metropolitan São Paulo, Rio de Janeiro, Campinas, Porto Alegre, and Belo Horizonte. Brazil has become the fourth largest car market in the world. Major export products include aircraft, electrical equipment, automobiles, ethanol, textiles, footwear, iron ore, steel, coffee, orange juice, soybeans and corned beef. In total, Brazil ranks 23rd worldwide in value of exports. Brazil pegged its currency, the real, to the U.S. dollar in 1994. However, after the East Asian
Currency War of 2009–11 very hard to make sure they’re not at an unfair disadvantage with China." "Bloomberg" pointed out at that countries such as Brazil, South Korea and Thailand sold their respective currencies in the weeks preceding the report to curb gains and support export. South Korea, Taiwan, Brazil, Colombia and Russia were also tightening rules to limit capital flows and avoid swings in their currencies. However, the Obama administration decided to postpone the decision to label China a "currency manipulator" until after the G20 summit in South Korea and the United States elections, 2010. China issued its own "warning" against being made