How do I Buy Brazilian Exports With a Real Dollar Exchange?
Brazil exports crude oil, iron ore, soybeans, sugar, footwear, coffee, automobiles and auto parts and transport equipment. The United States and China are Brazil's two largest trading partners. Brazil sends 24.4 percent of all exports to the United States. Brazil's currency is called "real." In 2010, the real gained strength against the dollar, meaning that exports from Brazil become more expensive as the dollar is equivalent to fewer real. Brazilian exports can be purchased in American retail stores and direct from Brazilian companies depending on the desire purchase.
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Instructions
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Identify the product desired for purchase. Confirm the desired quantity of the product. Contact the manufacturer or an American retail store to establish whether that product and quantity can be purchased in a local retail store or from a U.S. subsidiary of a Brazilian company.
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Confirm the price. If purchasing in the U.S., the price reflects the exchange rate of the real to the dollar plus the cost of shipping, any import duties and the retailer's profit mark up. If purchasing directly from the manufacturer in Brazil, determine what methods of payment the producer will accept.
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Pay for the purchase. U.S.-based purchases will not require additional conversions and will be processed as a standard transaction. For purchases made through the manufacturer in Brazil, credit cards will automatically process the real to dollar exchange rate. If you plan to wire money to the account of the manufacturer as a method of paying in cash, convert the total price to dollars on currency websites such as XE.com. Wire the full dollar amount through your bank to the Brazilian bank account of the manufacturer. The dollar amount wired will reflect as real in the manufacturer's account. Alternatively, you may purchase a money order or write a check, if accepted, in the dollar equivalent of real to send to the merchant.
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Tips & Warnings
An import license or permit is required to import the following items:
alcoholic beverages
animals and animal products
certain drugs
firearms and ammunition
fruits, nuts
meat and meat products
milk, dairy, and cheese products
plants and plant products
poultry and poultry products
petroleum and petroleum products
trademarked articles
vegetables
References
Resources
- Photo Credit brazil map image by Goran Bogicevic from Fotolia.com
