In February, Brazil sold US$ 791 million worth of machinery and equipment to foreign countries, nearly 25% down from the same month in 2014. Imports declined by almost 17%.
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The index registered its third straight drop, due to worries with water and energy supply and political instability.
The foreign exchange flow was positive in US$ 762 million until March 20th. Until the 13th, it had a surplus of US$ 2.2 billion, but, in the third week, financial and commercial sectors impacted the performance.
The 0.49% increase in comparison to the same period of last year is attributed to fund transfers between private companies.
The wall, floor and façade tile manufacturer plans on going from exporting 14% of output to 20% this year. The company has shipped products to Libya and the United Arab Emirates in the past.
Transactions carried out in February showed a deficit, driving Brazil’s 12-month deficit to US$ 89.9 billion.
The former Brazilian minister of External Relations and of Defense is delivering a lecture on the matter at Universidade Federal do ABC. The region was a priority during his term as head of the Foreign Ministry.
Credit rating agency Standard & Poor’s has reaffirmed the country’s investment grade status.
In the third week of March, imports overcame exports in R$ 199 million (US$ 62.5 million). The balance year-to-date is negative in US$ 6.288 billion.
This week’s Focus Bulletin shows a surplus estimation of US$ 3.5 billion for the Brazilian trade balance in 2015, against a projection of US$ 3 billion last week.
On April 14th, economist José Roberto Mendonça de Barros will talk about the economic scenario of the country, including exchange rate issues, foreign trade and commodities’ prices. Registrations are open.
High-end furniture manufacturer has an outlet at an Abu Dhabi gallery and is looking for a point of sale for its products in Qatar. The goal is to expand in the Middle East.
Brazil’s Nova Lamy sells decking and plywood and has done deals with Egypt, Kuwait, the United Arab Emirates and Saudi Arabia. Now, they’re aiming for the Qatari market.
The North American currency registered a depreciation of 2% this Friday (20th), after a week of instability in the financial market.
