The 46th edition of the international shoe and leather industry show will run from January 14 to 17 at São Paulo’s Expo Center Norte. It will see over 2,000 international companies looking to buy, including four from the UAE, three from Saudi Arabia and one from Egypt.
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Last year saw 1.64 million tons shipped from the country. According to the Brazilian Beef Exporters Association (Abiec), it was the biggest volume ever shipped by an exporting country.
Growth rebounded after dropping for four months on end, driven by the food industry, the Brazilian Institute of Geography and Statistics (IBGE) reported.
According to the institution, global economic growth will reduce from the 3% of last year to 2.9% this year. Brazil may grow 2.2% if reforms are passed.
A total of 2.88 million cars, light commercial vehicles, trucks and buses were manufactured in Brazil in 2018. Domestic market boosted the industry, because exports have declined.
Exports came out to USD 3.86 billion and imports hit USD 1.97 billion in the first week of January in Brazil.
The United States currency slid 1.04% this Friday to end the week at BRL 3.71.
The Producer Price Index (IPP) fell 1.54% in November 2018, the highest negative change since January 2014.
The Arab country’s Food Security official Mariam Bint Mohammed Almheiri visited Embrapa in Brasília. She also had meetings with Brazil’s Agriculture minister Tereza Cristina and foreign minister Ernesto Araújo.
More than 2.5 million new cars, light commercial vehicles, buses and trucks were sold in Brazil over last year.
Volume produced was equivalent to 3.274 million barrels of oil per day. The decline was due to stoppages for maintenance in the three platforms.
Brazilian foreign sales declined 5% in comparison with 2017. Results of the second half compensated part of the loss and the sector is expecting growth for 2019.
The US currency declined 1.7% at the first working day of the new Brazilian president Jair Bolsonaro’s administration. Ibovespa surpassed 91 thousand points for the first time.
Foreign sales from Brazil reached USD 239.5 billion in 2018, a 9.6% increase over 2017. Imports grew 19.7%, reaching USD 181.2 billion. The balance stood at USD 58.3 billion positive, the second highest value.
