6 Things you Need to Know to Export to Brazil | A Trade & Export Guide

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  • By LAC Blog
  • Thursday 30, August 2018

Discover our 6 tips to export to Brazil! With around 200 million people, Brazil is one of the largest markets in South America. This makes it ideal for any company that is looking to grow and expand its business to the Brazilian market. An important requirement for any business looking to export to Brazil is to understand the country’s  rules and legislation regarding international trade. 

What are some important questions to ask yourself when exporting goods to Brazil?

  • What are Brazil’s main imports?

Brazil imported around 177 billion dollars worth of products in 2019. The breakdown of those 150 billion dollars products imported looks like this:

    • Oil and mineral fuels ● 24 billion (13.5%)
    • Electrical equipment and machinery ● 22.1 billion (12.5%)
    • Machinery, computers and components ● 21.3 billion (12%)
    • Cars and other vehicles ● 12.2 billion (6.9%)
    • Organic chemicals ● 11 billion (6.2%)
    • Fertilizers ● 9.1 billion (5.2%)
    • Plastics and plastic products ● 7.4 billion (4.2%)
    • Pharmaceuticals ● 7.3 billion (4.1%)
    • Chemical goods ● 5.4 billion (3%)
    • Optical and medical equipment ● 5.3 billion (3%)

Altogether these main imports account for 70.6% of total imported products to Brazil. The remainder goes to various miscellaneous products.

  • How to identify prospective Brazilian importers?

There are several online tools that are provided directly by the Brazilian government: 

    • The Catalogue of Brazilian importers lists all the existing companies importing to the country
    • The Brazilian Trade Guide lists all the companies that have imported and exported to Brazil specifically. 

Additionally, you can find much useful information on ConnectAmericas, the first social network for businesses in the Americas.

  • What tariffs must be paid for products imported to Brazil?

On average and for most goods the tariff is 10.73%. Brazil is a member of Mercosur, an alliance of South American countries that include Argentina, Paraguay, Venezuela and Uruguay that ensures free movement of goods through these countries. The alliance also has trade deals with the EU, Chile, and Bolivia.

  • Are there packing and labeling requirements to export to Brazil?

Yes, there are! The Brazilian government wants their residents to be properly informed on what they buy. In accordance with this, every product has to contain specific information about the quantity, quality, the composition of the product, potential health and safety risks, origin, date of expiry, price etc. All the information must be clear, precise and easy to understand. Portuguese translation is mandatory. The unit of measurement must include a metric equivalent.

  • What is the best way to ship goods and export to Brazil?

Depending on where you are shipping from, goods can be transported to Brazil by land, air or sea. Most South American countries share land borders with Brazil which makes road shipping an easy choice to transport goods but not necessarily the most used. 

When it comes to overseas trading, most of the products are transported to Brazil via sea routes. Ocean shipping is the most common mode of transportation even when shipping from nearby countries such as Argentina and Uruguay.

  • What foreign exchange controls should I consider when exporting to Brazil?

As per the Brazilian Ministry of Foreign Affairs, all payments related to imported goods must be made in foreign currency and under an exchange contract with a financial entity authorized by the Central Bank of Brazil. All transactions must be declared in the SISCOMEX system. All payments made by Brazilian importers must be done from a local account. Payments from foreign accounts are not allowed.

FINAL THOUGHTS

In conclusion, the Brazilian market is open to a wide range of products. With relatively low tariffs and easier regulations to comply, Brazil has become a great country to further expand your business!

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