Brazilian factories shipped 24% more clothes, fabric, and thread to the Arab countries in the first four months of 2004 than they had in the same period last year. The percentage was above sector export growth as a whole, which reached 10% up to April.
Browsing: Economy
In all, Brazilian sector export to the region has generated US$ 169 million, against US$ 83.4 million registered in April 2003. The accumulated result for the year shows revenues of US$ 816.6 million. Saudi Arabia is the main importer of sector products in the region, followed by the United Arab Emirates, Egypt, Morocco, and Algeria.
The growth in shipping is the result of business with neighbouring countries that are part of the Mercosur, the customs union between Brazil, Argentina, Uruguay, and Paraguay, and the opening of new markets in the Middle East and North Africa. Last year, Brazil had revenues of US$ 69 million with foreign trade in the sector, a value 22.4% greater than in 2002.
The contract, which forecasts initial investment of US$ 1 billion, was signed today (24) in Peking, in the presence of Brazilian president Luiz Inácio Lula da Silva. The Brazilian mining giant has also signed another two accords for coal and coke production in China.
From the beginning of the year to the third week of May, Brazilian export has reached a positive balance 50% greater than that for the same period last year. International trade totalled US$ 31.3 billion in the period.
There was a 7.1% increase with regard to the same period last year. Net income totalled US$ 103.3 million. A total of 23 aircraft were delivered.
Agência Brasil Rio – Petrobras had first quarter profits of US$1.2 billion (R$3.972 billion), an increase of 30% over the last quarter of 2003. Operational revenue reached US$7.3 billion (R$23.212 billion), which was actually down 3% from the last quarter of 2003. Total sales on the domestic market fell 2%, with most fuel prices stable.
The over 40 organizations connected to Procomex announce proposals for modernization of the Brazilian Customs System, which currently contributes to loss of competitiveness of Brazilian products on the foreign market.
