Browsing: Economy
From the Newsroom* São Paulo – Brazilian export revenues reached US$ 117.005 billion on Tuesday (27). The target was stipulated by the Ministry of Development, Industry and Foreign Trade for year-end and was exceeded four days before the closing of the trade balance for the year of 2005. *Translated by Mark Ament
Up to the end of the year, revenues of Samarco should reach US$ 1.1 billion, boosted also by the increase in prices of the product shipped. The company exports everything produced and the Arab countries are amongst their many clients, taking in 25% of sales.
The Arab country had revenues of US$ 10 billion with exports between January and November this year. Exports rose 8.5% and reached US$ 12.9 billion. Tunisia is the second largest exporter of phosphates in the world and also sells products like olive oil, textiles and dates on the foreign market.
Espírito Santo rose from the fifth to the second position in the ranking of Brazilian states that most export to the Arab countries. Between January and November this year, the state had revenues of US$ 506 million with sales to the region. The performance is due to an increase in iron ore exports.
From the Newsroom* São Paulo – Brazilian oil giant Petrobras announced yesterday (27) the discovery of a giant oil field in Campos Basin, in the southeastern Brazilian state of Rio de Janeiro. Field BC-20, also called Papa-Terra, has potential reserves of between 700 million and one billion barrels of oil, almost 10% of total Brazilian
Stiller Calçados – established around 30 years ago in the city of Uberlândia, in Minas Gerais – also exports to another three Arab nations: Iraq, Kuwait and the United Arab Emirates. So as to expand sales on the foreign market, the company invests in participation in shoe fairs around Brazil, among them Francal and Couro Modas, and in the design of shoes considering European tendencies.
Goods valued at US$ 2.1 billion passed through the terminal directed to the Arab market between January and November this year. In terms of revenue, Santos was the Brazilian port that most exported to the region. Almost half of what was sold to the Arab countries left Brazil via Santos.
Part of the 4,000 tonnes of candies, caramels, lollipops and chewing gum produced every month by Simas, company in the northeastern state of Rio Grande do Norte, are consumed in Saudi Arabia, the United Arab Emirates, Oman and Palestine. The lollipops are the most sold products to the region. They get a special package, with information in Arabic, before entering the local market.
