Brasília – In 1998, Brazil had 15,800 exporting companies. Twenty years later, the number of exporting companies jumped to 25,400 last year, a 60% hike. Analyzing the data per value exported, the sharpest growth was seen among companies with exports ranging from USD 10 million to USD 50 million: they were 611 in 1998 and were, in 2017, 1,373, an increase of 124%.
The survey was conducted by the International Centers for Business (Rede CIN), which is coordinated by the National Confederation of Industry (CNI).
In two decades, Brazil has entered into 50 new markets and now exports what before it used to buy, such as wheat. According to CNI, the topic is an important one not only to the companies’ cash but also to the country’s economy.
According to CNI, in the last recession periods – 2001 to 2002, 2008 to 2009, 2014 to 2017 –, all of Brazil’s macroeconomic indicators, such as the Growth Domestic Product (GDP), inflation and unemployment rates, worsened. “Only foreign trade has grown in this period,” stated CNI, explaining that many companies resort to foreign trade during turbulent times in the domestic market.
Translated by Sérgio Kakitani
