Are you looking for an easy way to ship your cargo to Brazil? Choose the best freight forwarder to transport your goods to Brazil safely and on time.
Exporting goods to Brazil, whether it is for the first time, or on a regular basis, can be a challenging experience.
There are many elements to consider when shipping to a country such as Brazil.
If you are in Canada or the US and not entirely familiar with the Latin American market, you should consider a cargo shipping company that knows the business culture, the language, the customs regulations and has a proven track record of success when it comes to shipping to Brazil.
WHAT CAN YOU EXPECT IN BRAZIL?
Regulations in Brazil are not only very different from the ones in the US or Canada, communication methods and business etiquette are also very distinct:
● Corporate culture in Brazil is relationship-driven. Known as warm and friendly people, Brazilians are generally recognized for being easy to deal with. They attach great importance to developing personal relationships, rather than formal business connections which is the norm in the US or Canada. Therefore, when you do business in Brazil, it is important to develop easy-going business “friendships”. Brazilians tend to be very cautious to avoid being taken advantage of or cheated while transacting business. Third-party contacts are also a key to business success in Brazil. An established person vouching for you and presenting your company will help you gain trust in the market.
The style and methods of communication can be a challenge (apart from learning the language) as verbal agreements and handshakes sometimes take the place of written contracts.
● Flexibility and spontaneity are also common traits of Brazilians and they have a different perception of time management - often more relax - than American and European business people.
● It is also important to consider the language as a possible barrier. Although most highly-educated business executives speak English fluently, the average person speaks only Portuguese.
QUICK FACTS ABOUT BRAZIL (2018)
- Capital: Brasilia
- Other Large Cities: Sao Paulo, Rio de Janeiro, Belo Horizonte, Porto Alegre, Salvador, Recife, Fortaleza
- Population: 209,469,333 (Urban Population: 86.6%)
- Official Language: Portuguese
- Time Zone : GMT - 4
- Currency: Brazilian Real (BRL)
ECONOMIC SNAPSHOT ( Source: IMF - World Bank, 2018)
- GDP: 1,867.82 billion USD (GDP Growth: 1.3% / GDP per capita: 8,959 USD)
- Inflation Rate: 3.7%
- Unemployment Rate: 11.9%
- Total Imports of Goods: 188.56 billion USD
- FDI Inward Flow: 78.16 billion USD (4.2% of GDP)
- Ease of Doing Business Score (2019) : 109th / 190
WHY DOING BUSINESS WITH BRAZIL IS THE RIGHT DECISION
Brazil offers a unique and dynamic business background for companies looking to expand internationally.
It is South America’s biggest economy and has the 3rd largest manufacturing sector in the Americas. Brazil’s industries range from automobiles, steel and petrochemicals to computers, aircraft and consumer durables goods. With increased economic stability since the 1990's, Brazilian and foreign companies have invested heavily in new equipment and technology, creating a diverse and sophisticated domestic industry in various fields such as agriculture, automotive, mining, oil & gas and healthcare.
Promising opportunities for high-quality imports of food, beverages and electronic consumer goods are opening up. Brazil has the largest middle class in Latin America with preference to quality goods and Brazilians are early adopters, with 59% of the population showing interest in technology developments.
The need for shipping to and from Brazil has been increasing exponentially during recent years. With LAC by your side, you will reinforce your company’s cargo shipping capability to Brazil.
Our experienced professionals are very familiar with the market requirements in Brazil which is very important to avoid delays during the importation process. We provide you with all the necessary tools to break into the Brazilian market, headache-free.
BRAZIL TRADE OVERVIEW
- MAIN IMPORTS: Petroleum, Marine Equipment & Boats, Vehicles & Parts, Electronic Circuits & Microprocessors, Medicaments, Coal
- MAIN EXPORTS: Soya beans & oil, Petroleum, Iron, Paper & Forestry, Meat, Marine Equipment & Boats, Vehicles & Parts
- INDUSTRIES WITH STRONG BUSINESS OPPORTUNITIES: Healthcare, Biomaterial, Oil & Gas, Renewable Energy, Agriculture, Bio-Fuels, Mining, Aeronautics, Chemicals
- PRINCIPAL TRADING PARTNERS: China, USA, Argentina, Chile, Mexico, Japan, South Korea, India, Europe (Germany, Netherlands, Spain, Italy, France)