Sales from Brazil declined year-to-date through April this year from the same period in 2013, to US$ 4 billion. Good news include higher shipped volume for meats year-to-date and for ore in April.
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Watch in this episode: A campaign raised more than R$ 100,000 for Palestinian refugees; an exhibition about Oman at the Copacabana Palace hotel; the agribusiness fair Cotrijal 2014; and a visit to Salvador, Bahia.
In the third week of May, exports surpassed imports by US$ 563 million. In the first and second week, gains were US$ 226 million. Year-to-date, however, the result shows a deficit of US$ 4.777 billion.
According to figures compiled by the Brazilian Statistics Institute and issued by an industry association, clothes production increased in Brazil in Q1 this year, but textile output was down.
Brazil’s state-owned oil company Petrobras had an all-time high output, exceeding 470,000 barrels per day month-to-date until May 11th. Production originated from 24 wells.
According to the Brazilian Institute of Geography and Statistics, sales volume dropped by 0.5% in March from February. Sector revenues, however, increased by 0.5%.
Between January and April, Brazil exported 452,500 tonnes to the region, a volume 5% smaller than in the same period in 2013. Overall, the quantity shipped by the country grew 1.1%.
Company attributes increase in foreign sales in Q1 to diversification of markets. Bet is further increase in East Europe and Africa. Revenue and profit also grew.
The Organization of Petroleum Exporting Countries (OPEC) announced its production will increase to 29.8 million barrels per day in 2014, 100,000 more barrels than the predicted in April.
In the first two weeks of the month, exports surpassed imports by US$ 226 million. In the year, deficit is US$ 5.340 billion.
The estimate for 2014 was released by the oil company’s chairwoman Graça Foster during a conference with investors. Operating profit was up and net income was down in Q1.
A mission from the Fund says inflation has declined, foreign exchange reserves have increased and the external deficit has decreased in quarter one.
Brazilian foreign sales in the sector dropped from 52,700 units in April 2013 to 36,700 last month, according to Anfavea. The figures include cars, light commercial vehicles, trucks and buses.
Managing director of the IMF said in Rabat, Morocco, that the nations of the Arab Spring need to boost small and medium-sized companies and the growth of middle class.
