São Paulo – Brazilian textile and clothing industry revenues reached US$ 52 billion last year, an increase of 9.24% compared with 2009. Exports from the country went from US$ 1.2 billion to US$ 1.4 billion, whereas imports reached US$ 4.9 billion, generating a deficit of US$ 3.5 billion.
The data were presented this Thursday (13th) by the managing director of the Brazilian Textile Industry Association (Abit), Fernando Pimental. The domestic market accounted for 97% of total revenues, a rate equivalent to US$ 50.6 billion.
The leading targets of Brazilian exports were Argentina, the United States, Paraguay, Uruguay and Mexico. The leading suppliers were China, India and Indonesia. Pimental stated that the industry should grow by 3.5% in 2011.
*Translated by Gabriel Pomerancblum
