Despite the surplus from the third week of March, Brazilian exports declined and imports increased in comparison to the month’s first two weeks.
Author: From the Newsroom
Saudi Arabia went from 17th in January to 7th place in the first two months in the ranking of the largest importers of footwear produced in Brazil, according to data from the manufacturers’ association. Exports went up 29%.
A meeting on the topic is scheduled for June in Mato Grosso state and one of the speakers will be from agribusiness cooperative Cooperáguas, which exports cowpea beans to the Arab market.
In a lecture, Nelson Barbosa, Finance minister, also said that politics needs to help the economy and vice versa.
The Arab country had two representatives in the Buyer’s Project promoted by Movelsul Brasil 2016, fair of the furniture sector that takes place in Bento Gonçalves, 121 km from Porto Alegre.
The country’s external sales totaled USD 169 million, an increase of 2.3% over the same month of last year.
In February, tax revenues totaled BRL 87.851 billion (USD 24.28 billion), a decline of 11.53% in comparison to February of last year.
Port operator based in Dubai had a profit of USD 883 million last year. However, operations in Brazil had a poor performance due to exchange rate variations.
In 2015, the meatpacking company increased its sales to the Middle East and Africa, reaching USD 2.2 billion. The net profit was BRL 4.6 billion (USD 1.25 billion).
The performance was achieved in 2015. In the previous year, the company had a USD 56 million loss. The fall in fuel prices benefited the company.
The institution opened registrations for the program Wise Learners’ Voice. Students between the ages 18 to 25 can enroll in the initiative, which will offer courses on education and social entrepreneurship.
Deficit stood at USD 15.5 billion in 2015, a decline of 18.6% over 2014. Exports went up while imports went down.
Estimation covers 12-month period that ended in January. Foundation says that December and January results could signal ‘subtle stability in economic activity’.
The surplus is the result of last week’s USD 3.33 billion in exports and USD 2.502 billion in imports.
