portas brasil
Supplying Branded Consumer Goods To SurinamE, North Brazil & Venezuela
REBUBLIC OF SURInAME
The Republic of Suriname is situated in the north eastern part of South America, with a total area of 164,000 sq.km. and a population of 570,000. The country’s capital Paramaribo has roughly a quarter of the country’s population.
Suriname’s GDP grew 2% in 2018 and is expected to grow 2.2% and 2.5% in 2019 and 2020, respectively (IMF). The economy remains dependent on mineral sector exports. Other key economic indicators in 2017 include a 3.67 billion USD GDP, a 300 USD decrease in per capita GDP (13,900 USD), 50.5% of GDP in gross national savings, 144,000 people in the active work force, 9.1% unemployment, and 14.9% of GDP collected through taxes.
The inflation rate closed at 7.8% in 2018 and is forecasted at 6% and 5.7% in 2019 and 2020, respectively. In general, Suriname’s economy is characterised by strong dependence on exports of extractives and a large public sector. Alumina, bauxite, gold and oil have historically made up around 75% of total exports.
The Government plays a large role in the economy by employing over half of all workers. State owned firms also dominate a number of industries. Challenges include a weak fiscal situation, rising public debt, an underdeveloped monetary policy framework and a vulnerable banking sector. In order to maintain its macroeconomic stability, the Government has started a privatization programme.
The distribution network of Portas Brasil covers North Brazil with over 20 million people as potential customers as well as Venezuela with over 30 million people as potential customers.
OUR KEY PARTNERS
1. Suppliers
So far, we have worked very successfully with wholesale companies in the USA and the Netherlands However, our goal is to expand a lot more aggressively into the markets of Northern Brazil and Venezuela In order to achieve that goal, we are looking for direct relationships with high quality consumer goods That will guarantee the quality of goods, more favorable conditions, and the ability to satisfy higher consumer demand.
2. Buyers
Ourbuyer network has already been established, and it includes mostly wholesalers from Brazil and Venezuela, in addition to wholesalers and retailers in Suriname Our experience also shows that there is ample opportunity to expand our buyer network, particularly if we are capable of providing larger quantities of branded consumer goods on a regular schedule.
