Brazil is a resource-rich country, and this can be very interesting for other countries that need to import products for local marketing.
With its robust structure, Brazil has large-scale agricultural production conditions and becomes an interesting option for the rest of the world to invest in imports, due to the economic conditions it offers.
But those who think that Brazil is only about soy and meat will be surprised by the wealth of products produced in the country that can be exported and the good conditions for this import market to other countries. See an overview of Brazilian exports below.
Products for import from Brazil
According to a CNN report, with data from the United Nations Food and Agriculture Organization (FAO), in addition to soybeans, coffee and meat, Brazil is still the champion in exporting other products such as sugar, cereals, corn, oilseeds and citrus fruits.
But what really draws attention are other unusual products export champions in the country, such as:
- sisal and other fibers
A survey carried out by the Instituto Millenium in partnership with ODX also shows that these cited products place Brazil in the 1st to 5th place of world exports.
Therefore, when it comes to agricultural products, we can say that Brazil is one of the main countries contributing to the import of others. But where does this wealth of resources come from?
The production structure of Brazil and its resources
Brazil is a continental country that has a lot of space for agricultural production. Therefore, it is possible to see a variety of products being exported and many other nations interested in import.
This variety comes from the geographical diversity that provides the appropriate climate for each production, each region being rich in its specialties.
In every corner of the country there are different resources to be exploited and with the creation of a sustainable plan, it is possible to create a source of renewable resources that reduces environmental impacts and guarantees the supply of resources for longer.
Over the years, the country increases its production and export and contributes to the supply of many countries. In addition to its diversity of products, it is still necessary to take into account its large scale of production thanks to the amount of territory, available labor and increased technology in this production that makes the work more efficient and consequently produces more.
The economic advantage for import from Brazil
One of the most interesting factors for those who want to import products from Brazil is the economic advantage that most countries have over it. Brazil is not experiencing one of its best moments in relation to the appreciation of its currency and this can be an advantage.
The real is very devalued against the dollar and the euro, which brings advantages to countries that use these currencies, such as the United States and the countries of the European Union.
The problem of Brazil’s economic crisis intensifies with its political instability, opening more space for its market to be devalued and the price of imports to decrease.
Therefore, at a time of attempted economic recovery, post-pandemic and with the arrival of the new elections in 2022, Brazil intends to do more business with other countries, increase its production capacity and show the world what it is capable of.
This seems to be a good time for other countries to take advantage of what Brazil has to offer best.
Even though Brazilian exports have not suffered from the impacts of the pandemic, it is a triumph of recovery of the economy that suffers from other factors such as unemployment and inflation. Therefore, this is a time when Brazil must use its resources to resume growth.
As a result, many countries can take advantage of the country’s diversity and scale of agricultural production to expand import trade and make a good deal. With the devaluation of the Brazilian Real, it will be very advantageous to import high quality products from one of the largest producers in the world.
Finally, the ideal is that foreign trade professionals have good connections to make their negotiations. It is also important to be always up to date on market information and on the products being marketed, giving attention to those who are at a good time.
Fortunately, you can find these and other information about foreign trade here on our blog. Did you like finding out about the expectations for the importation of products from Brazil? Do you think this is a good business for the coming years? In addition to agricultural production, what do you think Brazil can be stronger in import in the near future?
Share this post on the networks to discuss it!