Brazil purchased US$ 4.4 billion worth of products from abroad in July, according to the Brazilian Chemical Industry Association. The trade balance for chemical products is running a deficit.
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Formerly owned by Eike Batista, Porto Sudeste should start shipping iron ore in Q4 this year.
Index measured by the Brazilian Central Bank declined in quarter two from quarter one this year.
In an auction conducted by Brazil’s National Petroleum Agency, 99% of the commercialized volume came from producers which had the Social Fuel seal, a proof of their commitment to family farming. The auction will ensure the supply to the Brazilian market in September and October.
The announcement was made by CEO Mary Barra to president Dilma Rousseff, in Brasília, and the sum should go into new products and improvements in current models up until 2018.
Sector is expected to double its share in the Brazilian GDP by 2020.
Economic Climate Index of the region, measured by the Getúlio Vargas Foundation, declined by 7% between April and July. Among the main economies, only Mexico has seen an improvement.
The increase took place in July from June. Following the end of the World Cup, the demand for financing by enterprises incrased.
Brazilian wine shipments grew by 257% at the first half of the year and the sector expects to grow even further in some markets.
Sales from Brazil amounted to US$ 14.7 million year-to-date through July, and the Arab country ranked tenth on the list of leading destinations. Overall, exports declined.
During the month, the amount of debt owed by consumers in Brazil increased by 4% from June and 11% from July last year.
Foreign sales amounted to US$ 1.22 billion in July. Shipments to the United Arab Emirates and Egypt, the leading destinations, have increased significantly.
Watch in this episode: ‘Iraq: From its origins and in search of a destiny’, a book by ambassador Bernardo de Azevedo Brito; Brazilian Week at The Sultan Center Supermarket, in Kuwait; and a lecture about double taxation.
The US$ 336 million deficit in the first ten days of the month was the result of US$ 5.455 billion exports and US$ 5.791 billion imports.
