A batch of medication and vaccines supplied by the government of Brazil was cleared for shipping early this week. The cargo was carried by the Brazilian Navy.
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In the first quarter of the year, sales to the region increased by 12% to USD 2.029 billion over the comparable period in 2016.
The sector grew from February to January according to the Brazilian Institute of Geography and Statistics (IBGE). Highest growth rates were registered in Rondônia, Mato Grosso and Acre.
Brazilian footwear exports to the region declined in the first quarter of this year from Q1 2016. However, sales increased to Bahrain, Syria, Mauritania, Oman, Algeria, Qatar and Tunisia.
The organization believes that world trade will grow 2.4% in 2017 and up to 4% in 2018, against only 1.3% in 2016.
Foreign sales from Brazil reached 17,400 units in the first quarter, a relevant increase over the comparable period in 2016. Whole-year exports are seen reaching 93,000 motorcycles.
Sales declined month-on-month and year-on-year in February, according to the Brazilian Institute of Geography and Statistics (IBGE).
Foreign sales of the Brazilian product totaled USD 501 million, an increase of 22%. In comparison to March of last year, however, sales declined 3%.
Revenue from foreign sales widened although volume went down. Lebanon, Syria and Jordan were the top Arab buyers of Brazilian coffee.
Industrial production increased 0.1% in February over January, with growth being registered in nine of 14 areas surveyed by the Brazilian Institute of Geography and Statistics (IBGE).
Surveys bring auspicious news regarding the harvest in Brazil. IBGE sees output increasing by 25% this year, and Conab estimates that the 2016/2017 crop will be 22% larger than the last one.
The UN agency opened a training center in Beirut, Lebanon where courses and seminars will be made available to professionals from Algeria, Morocco, Tunisia, Egypt, Jordan, Palestine, and Yemen.
The credit rating agency raised the Brazilian state-run oil company’s grade to B1 with a positive outlook. Petrobras now sits four grades below investment grade.
There was a surplus of USD 1.596 billion in the month’s first week, with USD 4.688 billion in exports and USD 3.092 billion in imports.
