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Exporting to Brazil

Brazil Export Guide | Trade Finance Global

Exporting to Brazil

Brazil is the largest economy in Latin America and the second largest in the Western Hemisphere. It was one of the fastest growing economies in the world in the first decade of the 20th century, however, the growth which had been steady at 5% stopped dramatically in 2013 and started to decline.

The country still imports about $230 billion worth of goods each year with refined petroleum ($18 billion), crude petroleum ($15 billion), cars ($9 billion) and vehicle parts ($8 billion) the major categories. Major suppliers to the Brazilian market include China ($37 billion) the United States ($36 billion), Argentina ($16.3 billion), Germany ($15 billion) and Nigeria ($10 billion).

Brazil Country Profile

Official Name (Local Language)Republica Federativa do Brasil
CapitalBrasilia
Population205,823,665
CurrencyBrazilian Real
GDP$1,770 billion
LanguagesPortuguese
Telephone Dial In55

Brazil Imports Profile

Imports ($m USD)

150,749

Number of Import Products

4,288

Number of Import Partners

216

Top 5 import partners

Country

Trade

%

China

27,321

18.12

United States

25,112

16.66

Argentina

9,435

6.26

Germany

9,227

6.12

Korea, Rep.

5,24

3.48

Top 5 Import Products at HS 6 digit level

Export product

Number

Petroleum oils, etc, (excl. crude); preparation

7.9%

Monolithic integrated circuits, digital

3.6%

Petroleum oils and oils obtained from bituminou

2.8%

Parts of electrical apparatus for line telephon

2.3%

Bituminous coal, not agglomerated

2.1%

Chart Showing GDP Growth Compared to rest of world

GDP Composition for Brazil

Agriculture

%

Product List

5.2%

Coffee, soybeans, wheat, rice, corn, sugarcane, cocoa, citrus; beef

Industry

%

Industry List

22.7%

Textiles, shoes, chemicals, cement, lumber, iron ore, tin, steel, aircraft, motor vehicles and parts, other machinery and equipment

Services

%

Service List

0,72

Exporting to Brazil: What is trade finance?

Stock finance is a revolving facility which alternative financiers offer – it enables organisations to purchase inventory and can help ease cashflow problems.

Generally, an export finance bank will fund most of the cost of the receivables, including charges (e.g. bank charges).

Trade finance offers added advantages over more traditional bank finance for example asset finance or business loans. Trade finance provides up front funding without affecting existing relationships with banks.

How does it work?
If you’re a business importing or exporting goods internationally, then a trade finance facility would allow you to fund this through offering a letter of credit or some form of cash advance.

I’m looking to export to Brazil, how can Trade Finance Global help, and how does it work?
If you are looking to export goods to other countries, you may require export finance, which is an agreement between you (the exporter), and the importer. A trade finance bank would advance you the cost of producing the products that you’re exporting (as a loan), either once you have shipped the goods, or before manufacturing them. Once the importer has received the goods and pays you for the import, you will repay the advance loan from the lender over an agreed period of time.

Information

Exporting to Brazil? Contact our local experts

Brazil Economic Statistics

Government Website

http://www.brasil.gov.br/

Sovereign Ratings

https://countryeconomy .com/ratings/brazil

Central Bank

Banco Central do Brasil

Currency USD Exchange Rate

3.39

Unemployment Rate

11.8%

Population below poverty line

3.7%

Inflation Rate

6.7%

Prime Lending Rate

13.75%

GDP

$1,770 billion

GDP Pro Capita (PPP)

$14,800

Currency Name

Brazilian Real

Currency Code

BRL

World Bank Classification

Upper Middle Income

Competitive Industrial Performance

81/138

Corruption Perceptions Index

96/180

Ease of Doing Business

109/190

Enabling Trade Index

110/136

Currency in Brazil

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