Brazil’s Foreign Trade Association has revised its projections for this year and says imports could drop 20%.
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The Central Bank reports that the amount of incoming US dollars in Brazil was higher than the outgoing sum of the currency from January through July 10th. Foreign trade was chiefly responsible.
The economy’s weak performance and tax incentives made revenues reach the worst result for a H1 in four years.
The number of Brazilian consumers with overdue debts increased in June from June 2014.
Watch in this episode: Businessmen from Tunisia and Morocco show their products at the Arab Brazilian Chamber booth at APAS, the São Paulo Supermarket Association fair.
After entering the month on a surplus, Brazil saw imports outpace exports again last week. Foreign sales declined for finished, semi-finished and basic goods.
Decline estimation for 2015 was made by a sector’s institution. In the first semester, however, there was an increase of 2% in comparison to the same period of 2014.
The financial market raised its estimation of price increase from 9.04% to 9.12% this year. The raise occurred for the 13th straight time. But for 2016, there were two estimations that pointed to a decline.
Container traffic reached 1.55 million TEUs in the first half of this year, up 4% from H1 2014. The amount of automobiles and oil products handled also increased.
Sales of Brazilian products to the region grossed in excess of US$ 1.1 billion in June, the highest monthly revenue to date in 2015. In the first half of the year as a whole, however, export revenues declined.
A report from Unctad advises that the sector’s potential be better explored in order to fuel jobs creation and growth in the continent.
A modernized version of the document, valid for ten years, was released this Friday (1st) by minister of Justice José Eduardo Cardozo. Security features have been improved.
The continent’s development bank will send resources to the support program on the economic competitiveness of the Arab country.
US dollar outflows were higher than inflows in June. During the first three business days in July, the foreign exchange balance is already running a US$ 1.5 billion deficit.
