Importer
Exporter
Data
Countries Covered
Pricing
Start Free Trial
Index > Knowledge > What are the characteristics of Latin American customers? To develop the Latin American market, you
Back
2024/03/19
180180
What are the characteristics of Latin American customers? To develop the Latin American market, you
Latin America refers to the American region south of the United States, including Central America, the West Indies and South America, with a total of 33 countries and a total population of more than 650 million. The population structure of Latin America is relatively young and the population growth rate is still rapid, so its market prospects are very promising.
​
With the frequent exchanges of cooperation between my country and Latin America, the trade volume between my country and Latin America is also rising rapidly, and Latin America has become one of the markets that foreign traders can choose. So what are the characteristics of Latin American customers, and what should foreign traders pay attention to when developing the Latin American market?
​
Use local language
​
The main languages used in Latin America are Spanish and Portuguese, with Spanish being the more widely used. It should be noted that the penetration rate of English in Latin America is not high, so if you want to successfully develop the Spanish market, it is best to learn the local language. You need to know at least basic daily expressions and business terms.
 
 
 Character traits
 
Latin Americans have a relatively unrestrained personality, which makes them often show a high degree of enthusiasm and friendliness during negotiations. Of course, this does not mean that the other party does not pay attention to etiquette at all. On the contrary, most Latin Americans attach great importance to etiquette. When attending formal business occasions, they often wear formal attire. Obviously, in this case, foreign trade people It is also necessary to attend in formal attire.
​
Tips for finding traces: Latin Americans are relatively average in terms of punctuality, so foreign traders also need to be more patient.
 
Price sensitive
 
Although Latin America is currently in a period of rapid development, it is limited by the level of economic development, so local consumers are still relatively price-sensitive, which leads to local buyers also paying more attention to price. Offering a more competitive price will make your negotiations smoother.
​
Of course, this does not mean that Latin American customers do not pay attention to quality and service, but relatively speaking, they will pay more attention to price and are willing to make some appropriate concessions for price.
 
Credit status
 
The credit status of Latin American customers is generally good, especially in Chile and Argentina. There is basically no need to worry about payment issues, but the payment cycle will be relatively slow. However, it should be noted that the situation in Latin America has changed significantly, which will lead to an increase in force majeure factors.
​
Therefore, when foreign traders are looking for Latin American customers, they should try to find companies that are larger and have been established for a longer time within the scope of their ability. This will be more reliable. You can directly search the customer name through Ueedata.com, and you can see the customer's transaction status, official website and other information.
 
 
 For example, if we search for this Brazilian buyer named "JCB DO BRASIL LTDA", we will find that its number of transactions and quantity are very large, and its procurement cycle is also relatively stable. This can actually represent to a certain extent. It seems that the other party's operating conditions are relatively good.
​
Then we check the other party's official website and find that it was established in 1945. In fact, the other party is very trustworthy. In this case, foreign traders can further develop or cooperate with them.
​
The above are some characteristics of Latin American customers. If you want to know more, you can send us a private message~
 
 
Related knowledge
Developing premium customers, starting with Trade In Data!
Unlimited access to trade summaries of real importer and exporter for free
Start Free Trial
Try Tradeindata for free
Unlimited product search
Unlimited company search
Unlimited Hscode search
230+countries unlimited viewing
Start Free Trial
Try Tradeindata free, no credit card required. By entering your email,
you agree to receive marketing emails from Tradeindata.
or
    Forget the password
    No account? Start Free Trial
    More data available to paid subscribers
    Select Plan
    Plans & Pricing
    Follower added
    Subscription all updates from this company?
    You can edit at any time
    No,not right now
    Subscription
    No more subscriptions
    Upgrade to premium for more company subscriptions.
    Select Plan
    Plans & Pricing
    Contact us for assistance and support
    whatsapp_icon WhatsApp
    KIN Open WhatsApp and scan
    email_icon E-mail
    service@tradeindata.com
    alert_warn The data of this company is currently unavailable
    To discover more high-quality importer
    Please contact customer service
    Exclusive hotline：+86 13450226257
    Official email：service@tradeindata.com
    KIN
    Scan the code to contact customer service
    Pay Monthly Pay Quarterly(Save 10%) Pay Annually(Save 20%)
    Selection versionPlans & Pricing
    Effectiveness
    Coupon
    1 quarter Cost
    $1228.00
    Payment Info
    Payment Company： 广州联雅科技发展有限公司
    Payment Account： 44044301040010464
    Bank Name： 中国农业银行广州房建支行
    * Please make sure to indicate the order number in the remarks：
    Tips
    1、 After successful remittance, please contact customer service through the QR code below to provide transfer vouchers, open a member account, and collect invoices
    2、 For offline remittance, please remit directly to your dedicated account on Finder Data. The general arrival time for various methods is 1-2 days for Agricultural Bank of China and 3-5 days for interbank transactions (the specific arrival time is subject to the actual arrival time of the bank)
    Need help? Please contact out customer service
    To provide you with assistance and support.
    Exclusive hotline:+86 13450226257
    Official email:service@tradeindata.com
    KIN
    Scan the code to contact customer service
    Payment method
    Choose how you’d like to pay for Tradeindata.
    After clicking "Subscribe",you will be redirected to Credit or Debit Cards to complete your purchase securely.
    Card number

    Expiry

    CVC
    The CVC is the three-digit number located on the back of your card
    cvc

    Card number
    Expiry
    CVV
    The CVV is the three-digit number located on the back of your card
    cvc
    Subscribe for $1228.00
    Subscribe for $1228.00
    Subscribe for $1228.00
    By confirming your subscription, you allow Tradeindata.com to charge you for future payments in accordance with their terms. You can always cancel your subscription.
    Subtotal
    Cost
    $1228.00
    Subscribe for $1228.00
    Subscribe for $1228.00
    Subscribe for $1228.00
    By confirming your subscription, you allow Tradeindata.com to charge you for future payments in accordance with their terms. You can always cancel your subscription.
    Get Custom Quote
    Tell us what you need, and we'll help you get quotes
    cannot be empty
    cannot be empty
    cannot be empty
    cannot be empty
    cannot be empty
    Continue
    Congratulations!
    ---
    OK
    Account Center
    Contact Service
    KIN
    Open WeChat and scan
    Your bill payment failed!