From the Newsroom
São Paulo – Brazilian exports of capital goods reached over USD 1 billion in April, a 21.6% year-over-year increase as per data released on Tuesday (28) by the Brazilian Machinery Builders’ Association (ABIMAQ).
According to the association, the performance was astonishing because foreign sales surpassed the monthly mark of USD 1 billion for the first time in 63 months.
Imports, however, slid 4.6% year-over-year, to USD 1.2 billion. For ABIMAQ, this indicates the domestic demand for imported goods remains low.
Year through April, exports yielded USD 3.26 billion, down 3.2% year-over-year. Imports reached USD 4.72%, a year-over-year 1.2% decline.
Translated by Guilherme Miranda