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
Capital Brasilia
Population 205,823,665
Currency Brazilian Real
GDP $1,770 billion
Languages Portuguese
Telephone Dial In 55

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

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    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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