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).
|Official Name (Local Language)||Republica Federativa do Brasil||Capital||Brasilia||Population||205,823,665||Currency||Brazilian Real||GDP||$1,770 billion||Languages||Portuguese||Telephone Dial In||55|
Petroleum oils, etc, (excl. crude); preparation
Monolithic integrated circuits, digital
Petroleum oils and oils obtained from bituminou
Parts of electrical apparatus for line telephon
Bituminous coal, not agglomerated
Coffee, soybeans, wheat, rice, corn, sugarcane, cocoa, citrus; beef
Textiles, shoes, chemicals, cement, lumber, iron ore, tin, steel, aircraft, motor vehicles and parts, other machinery and equipment
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.
Exporting to Brazil? Contact our local experts
Brazil Economic Statistics
Banco Central do Brasil
Upper Middle Income
Currency in Brazil