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export

Exports from Brazil

By | Money transfer

Exports from Brazil: Whenever anyone mentions Brazil, our mind immediately thinks about beautiful beaches, scintillating girls and football, lots of football. But there is actually more to Brazil then just beaches, girls and football. Believe it or not, Brazil is the mainstay of South America, with the 5th highest population in the world; it is also the hub of trade and commerce in the continent.  

Exports play an important part in the incomes of a nation. The relationship between imports and exports determine how stable a country’s economy is. Brazil, being the 9th highest economy in the world, and it did not achieve that feat without doing much. In the international trade market, Brazil exports most of its products to countries like China, United States of America, Argentina and the Netherlands. In terms of imports, Brazil’s main partners in the ally are again countries like, China, United States of America, Argentina, Germany and South Korea. Below is a list of 10 items that Brazil exports more than anything else.

Refined Petroleum

Refined Petroleum is the 10th largest trade that Brazil makes. On its own, refined petroleum that Brazil provides, is sufficient enough for the whole of South America.

Aircrafts, Helicopters and Spacecraft

Contrary to popular belief, USA is not the largest supplier of aircrafts, helicopters and spacecraft. It is true that USA manufactures and sells the most amounts of arms and ammunition throughout the entire universe, but aircrafts, helicopters and spacecraft are a completely different thing. Brazil provides all, the spare parts, resources and the built crafts.

Corn

Being one of the biggest countries in the world that is famous for its agricultural setup, it is no surprise that so many of Brazil’s agricultural products make it in the international market. Corn is one of the substance that Brazil exports more than any other agricultural product.

Coffee

The world’s fuel. It is a universal fact that over 80% of adults in the world, run on 2 things, either coffee or tea. Well, Brazil makes plenty of coffee, even so much that they export the leftovers to other countries and make millions off it.

Soybean Meal

Soybean meal is not just a major source of nourishment for humans, but it is also a significant source of food for animals. Brazil provides a lot of Soybean meal for everyone’s needs.

Poultry Meat

Poultry includes animals from farms, like Chicken, Ducks, Quail, Turkeys and all the by-product that comes from them, like eggs. Brazil is a major exporter of Poultry Meat.

Sugar

Sugar is the main source of carbohydrates. It can be found in almost every edible substance that we consume. In the list of Brazil’s highest exports, Sugar ranks at 4th.

Soybean

The Soybean is famous all around the world, in Europe it is known as Soya bean. It is plant that is grown in the forest, and the only edible part is, is its bean.

Crude Petroleum

Crude petroleum is the total opposite of refined petroleum. Refined petroleum is the fuel used in automobiles like car, bikes and trucks. On the other hand, Crude Petroleum is the more raw form of petroleum. Among all of Brazil’s exports, Crude petroleum ranks as number 2nd.

Iron Ore

Voila, Brazil’s most significant export is Iron ore. Iron ores are not exactly raw form of iron, but it is the mixture of rocks and mountainous parts out of which pure iron is extracted and then put to use.

There you have it folks, that was the top ten of Brazil’s biggest and the most significant exports. Other honorable mentions are;

  • Sulfate Chemicals
  • Wood pulp
  • Cars
  • Vehicle Parts
  • Semi-finished iron
  • Frozen bovine meat
  • Tobacco
  • Gold
  • Fruit Juice
  • Ferroalloys
  • Alcohol > 80% ABV
exchange risk b2b exporters

Exchange Risk for Exporters and Solutions

By | Banking, Money transfer

Importers and exporters have to keep in mind many issues while making transactions and making money exchange. Even if they want to deal with the transfer of goods internationally they make up their mind with the best strategy aligned with their budget and profit margins. The fluctuations in the exchange rate are a major concern for the person dealing internationally. For example the price you are willing to pay today may rise or fall in the coming next day and it may cause you loss as well. We can see that current economic condition is fluctuating on day to day basis. So it is very difficult to keep track of these changes.

The instability in political conditions may cause you loss in your earnings so it is considered one of the major risks. It can even cause problems in the completion of your contracts. On the other hand government policies may change. We have to carefully look over the factors such as civil disorder, natural disasters, war conditions and local laws as well. Political risk Insurance will help you to analyze and minimize these risks to the maximum level of certainty.

Legal Risk is the risk which you may face when there is a difference and contradiction between the rules and regulations of the two involved countries or companies. For example difference between legal law system and civil law system. The issue entailing the topic that which country law will be applied in case of any dispute. The parties have to reach at a comprisable answer to precede the dealings. Liability laws of products and warranties, these are of great concern. Taxation and misinterpretation of laws can drop down your projected revenues if strategy is not carefully developed. All mentioned concerns in this paragraph comes in legal risks. We can see that how important is to minimize it.

The risk of Quarantine Compliance occurs when you are not aware of Quarantine requirements. You must know that what is allowed and what is not allowed under the quarantine laws of the said destination. If not carefully handled it may lead to the restrictions, fines or damages of goods. So to maintain ongoing good relationship with the party you are dealing with you must take care.

Nonpayment risk often results due to unreliable sources. You are not paid even when you have fulfilled all the requirements of the other party you are in contract with. You must consider the risk and credit terms before getting into the contract. Keep track of the credit reports. Get protected with credit insurance to minimize such risks.

You must manage your risks by thinking critically about all the undesirable outcomes that you can face while dealings. It is the key to success and maintaining profit margins. Management of your risks will prepare you for every kind of situation. You can make your dealings fair and smooth. This will further make your relationship more friendly and reliable. And you will generate loyal customers as a result.

B2B Pay is the solution to some of your international trading problems or money transfers. With B2B Pay you will get you own IBAN number in Europe with which you can collect payments without any charges in thirty four European countries. You can save up to eighty percent on currency exchange. In this way you can increase your profit margins by ten to twenty percent. You can have payment account details on invoices or websites. Exporters face many challenges while trading or currency conversion. The two most common issues faced by the exporters include the time banks takes to deliver b2b payments and the charges of the bank while converting currencies. B2B Pay is lowering these costs to great extent.

By signing up with free B2B Pay services you get compliance checks, flat fee for currency conversion and paying your bank account in home country. IBAN account is provided for your ease, no complicated steps or procedure to follow. No delays in the payment, payments are reached timely meeting your expectations. B2B pay promotes fair dealings no hidden charges like others. Transparency of payments is what B2B pay delivers. Be aware of all the problems you may face in the future and choose a reliable and efficient means of transferring the payments.

Variety Of Ways To Export Money To Germany

By | Outsourcing: an original view

There are various ways to export money to Germany. When you are in trading business you have to face situations like having an issue in getting a bank account in foreign land, approving of other party’s default condition and opponent’s reliability. Banks have their subsidiaries in different countries and have smooth relations with foreign banks to facilitate a trader and businessman with money transfer, and global b2b payments.

Ways to transfer

Open account: in this type of money export, goods and services are delivered before the payment is made. Export working capital financing, government guaranteed export working capital programs, export credit insurance and export factoring are few techniques of trade financing. These techniques are helpful in mitigating the non-payment risk.

Documentary collection: sender and receiver’s banks are involved in authorizing the money transfer. To export money to Germany, remitting bank that is exporter’s bank allows payment collection and sends all the necessary documents to collecting bank that is importer’s bank. So money exports through banks in this funds transfer technique. Documents are involved in it like document against payment, document against acceptance specifying the amount and time of payments. The drafts of such kind are reasonable as compared to get letter of credits.

Cash in advance: to avoid credit risk, being an exporter of money you must opt for cash in advance. In this payment is received before the goods are delivered or services are rendered. Wire transfer, credit card and payment by check are the three basic methods of cash in advance. Wire transfers is a trustworthy method of exporting money to Germany.

All the above types of money export to Germany are reliable and good, and equally good for Export to Europe. People exercise different techniques of each method to make sure that they get what they want. However, cash in advance is the type that attracts least buyers. Paying in advance invoke various questions about the credibility and reputation of the exporter.

Choose a wise method and technique of money export to Germany to make sure you don’t have to suffer a loss. Money matters are crucial and require great thoughts, skills, intelligence, experience and instincts to make a right decision.