The silos and agricultural equipment records decline in revenue, losses and weakening of exports in Q1.
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A survey conducted by the Brazilian Institute of Geography and Statistics (IBGE) shows industry output lost steam in 11 of 15 areas in Q1 this year.
The industry grossed US$ 345 million from foreign sales in Q1 this year, according to the industry association. The trade balance ran a US$ 2.1 billion deficit.
Exports from Brazil grossed US$ 4.408 billion last week and imports amounted to US$ 3.432 billion, leading to a net positive result of US$ 976 million.
Financial market forecasts that Brazil’s economy will contract by 1.2% in 2015. As of last week, a less pronounced decline was expected, according to a Brazilian Central Bank poll.
The Arab country went from US$ 6.7 million in imports in the first four months of 2014 to US$ 8.3 million in the same period this year. The UAE are at 12th place in the list of Brazilian footwear destinations abroad while Saudi Arabia is 7th.
At a meeting of secretary generals from Arab organizations in non-Arab countries, the Arab Brazilian Chamber presented its online certification project and was complimented on ANBA and its TV show.
A group with 20 local businessmen went on a business mission to China and UAE. In Dubai, they were introduced to the government’s plan that seeks the highest quality on public services and companies.
Output was down 14.5% from March and 21.7% from April 2014, according to Brazil’s National Motor Vehicle Manufacturers Association. In the month, approximately 217,100 units were made in Brazil.
This Friday (8th), Congress will hold a formal session for the Islamic community that lives in Brazil. Requested by Representative Wadson Ribeiro (PCdoB-MG), proposal highlights respect for diversity.
External sales of Brazilian machinery and equipment amounted to US$ 1.235 billion in March, an increase of 56% from February and 22% over the same month of 2014.
The index that tracks the prices of internationally traded Brazilian staple goods was down 2.14% from March.
The drop occurred in comparison with February in Brazil, according to the institute of statistics. Weaker performances came from the auto industry, trailers and trucks, electronic equipment and beverages, among others.
São Paulo’s Wax Green sells green propolis to countries in Asia, Europe and the Americas. The company exports 30% of its output and deals directly with end buyers.
