In 2014 Brazil became the 23rd largest exporter in the world. During the past five years the import of goods from Brazil has increased at an annual rate of 7.6%. There is a wide variety of things that we export to many countries all over the world. According to the Observatory of Economic Complexity, the top products imported from Brazil are Iron Ore and Soybeans, followed by Crude Petroleum, Raw Sugar and Poultry Meat. To import products from Brazil represents a growing business opportunity.
How difficult is it to import from Brazil?
There are some requirements and specific procedures to be attentive to when you import goods from Brazil. It is a relatively simple process, but to avoid any types of trouble, you would rather familiarize yourself with Brazilian trade laws and regulations that cover exports.
Why importing from Brazil;
What kinds of goods you want to import;
How to import the chosen items;
Advantages and disadvantages of importing them from Brazil.
What You Will Need:
To be sure you are importing from a good supplier, maintain a local business presence.
An import-export attorney in Brazil
This professional will make formal arrangements with the suppliers from whom you intend to buy. He will put in writing everything that could affect you in case of inability to deliver the goods at your port of entry (e.g. pricing, purchasing quotas, shipping details and anything else you consider important).
Licensed Customs broker
To import from Brazil, hire a Brazilian licensed customs broker with specific experience in your product area and task him with classifying every individual good you plan to import according to an international method of product classification. This will be the major determining factors in the duties or taxes you will pay on what you import.
Management, logistics and planning play crucial part in international trade. It may become the biggest pain when things don`t move as they were meant to.
Be careful with cheaper freights. They usually charge less by offering a longer transit time. If you make this choice, be prepared to take the risk of possible issues of backlogs at transshipment ports, delays, congestions at final ports and really expensive extra fees. Besides that, if you are importing perishable items, they may arrive useless due to delay, loss of refrigeration and/ or poor handling. Always go for good shipping lines instead.
Pay great attention to:
Documents and Certificates/Typo Mistake and Error in paperwork
The same particular good may require certain kind of certificates and documents for entering in country ‘X’, and totally different papers if you export it to country ‘Y’. This surely will cause shipment to get stuck at the port of destination. Keep in mind that the exporter is the responsible for issuing and/or obtaining all the necessary documents. Make sure he provides everything properly and have your Customs broker in Brazil revise them.
Sometimes goods leave port in perfect condition, but arrive damaged at the port of discharge. It often occurs due to faulty containers (water seepage, dust, rust etc.) This causes the entire load rejection. It is important to get the container survey done before goods are stuffed and sealed.
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