Importing from Brazil

Brazil Import Guide | Trade Finance Global

Importing from Brazil

Despite the recent economic downturn in Brazil, the country’s abundance of natural resources is expected to attract major investment in the next few years, especially in exploiting the country’s oil reserves. As a member of South America’s leading tariff-free trade bloc Mercosur, Brazil is also one of the emerging BRIC (Brazil, Russia, India and China) economies, predicted by Goldman Sachs to be one of the world’s most dominant by 2050.

Of the $247 billion in annual exports, the majority come from raw and agricultural materials such as iron ore ($33.4 billion), soybeans ($23 billion), crude petroleum ($13.2 billion) and raw sugar ($12 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 Exports Profile

Exports ($m USD)

217,739

Number of Export Products

4,021

Number of Export Partners

220

Top 5 export partners

Country

Trade

% Partner Share

China

47,488

21.81

United States

27,148

12.47

Argentina

17,619

08.09

Netherlands

9,252

4.25

Japan

5,263

2.42

Top 5 Export Products at HS 6 digit level

Export Product

Number

Soya beans

11.8%

Non-agglomerated iron ores and concentrates

8.8%

Petroleum oils and oils obtained from bituminou

7.6%

Raw cane sugar, in solid form

5.2%

Semi- or bleached non-coniferous chemical wood

3.1%

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

Importing from Brazil: What is trade finance?

Trade finance is a revolving facility which some banks and specialist lenders offer – it enables companies to buy products and can help ease the pressure from cashflow issues.

Typically, an alternative financier will fund up to 100% of the cost of the stock, including charges (e.g. shipping costs).

Trade finance offers added advantages over more traditional bank funding for example bridging mortgages or loans. Trade finance provides quick funding without affecting existing relationships with banks.

How does it work?
If you’re a firm importing or exporting inventory around the world, then a trade finance facility would assist your company to fund this through offering a letter of credit (LC) or some form of cash advance.

I’m looking to import from Brazil, how can Trade Finance Global help, and how does it work?
If you’re looking to import goods from other international markets, you may need import finance, which is an agreement between yourself (the importer) and the foreign exporter. An alternative financier will act as the intermediary, paying the exporter on your behalf until you get the stock and have then sold them to your customer. Repaying the lender then happens over an agreed period of time.

Information

Importing from Brazil? Contact our local experts

First Name*

Last Name*

Your Organisation*

How much trade finance are you seeking?*

Your Email*

Telephone Number*

Briefly, what type of stock or trade are you looking to finance?

(Marketing Terms can be found here)

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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