In the first half of 2021, domestic sales increased, but the exported amount fell, according to the Brazil Steel Institute (IABr).
Author: Agência Brasil
Data is measured by the Brazilian Confederation of Goods Trade, Services, and Tourism. The index reached 68.4 points and has had its highest level since April.
In addition to the increase in exports and imports, Brazil is expected to see a record-high surplus in foreign trade. According to the Brazilian Foreign Trade Association, which made the forecast, the results will primarly come from the rise in commodity prices.
Brazil had a drop in production and exports of vehicles in June compared to May but managed to increase volumes compared to 2020.
The Ministry of Infrastructure informed 51 projects in the area were delivered in the first half of this year, including the restoration of roads and construction of port facilities.
The issue of Brazilian foreign debt bonds with international investors was over USD 2 billion, with higher interest rates than recent issues.
In a meeting on Wednesday (2), representatives from 40 countries and companies and organizations announced contributions to COVAX vaccine-sharing plan to widen availability of COVID-19 shots in poorer countries.
The Chinese immunizer is produced in Brazil by the Butantan Institute in São Paulo and may be included in the Covax facility. Now, the two vaccines produced in the country are approved by WHO.
A protocol signed by the two countries in 2018 came into force, eliminating double taxation on income and improving legal security and the business environment.
Foreign trade surplus benefited the country’s current accounts in April, which reached a record-high USD 5.7 billion.
Revenues from sales in the sector accounted for 7.5% of Brazil’s GDP. The country has over 91,000 supermarkets.
A CNI survey shows that the Brazilian industry has become less concentrated in the southeastern states of Brazil in the last ten years. Even so, the region still holds the majority of companies.
Brazilian oil company performed well, driven by higher oil prices and lower operating expenses. Gross debt decreased and asset sales generated USD 210 million.
According to a Central Bank indicator, the economy picked up in Q1 2021 from Q4 2020.
