Brasília – The export coefficient, a measure of the foreign-to-domestic sales ratio among Brazilian companies, increased by 0.6 percentage point in quarter three from quarter two this year to 19.8%, the National Federation of Industry (CNI) reported this Thursday (3rd). According to CNI technicians, the US dollar hike relative to Brazil’s real encouraged Brazilian businesses to do business abroad.
The result was the third straight quarterly increase in the indicator. The processing industry’s export coefficient rose to 16.8%, up 0.8 percentage point from quarter two.
The dollar hike also inhibited imports, the CNI said. The share of imports in national consumption, gauged by the imports penetration coefficient, stood at 22.1% in quarter three, virtually flat from 21.9% in quarter two.
According to the CNI’s constant-price coefficient, which disregards the influence of US dollar fluctuations on the value of imports denominated in Brazilian real, the share of imported products in domestic consumption dropped from 23.1% in quarter two to 22.8% in quarter three of this year.
This reflects the decline in the amount of goods imported, with some degree of replacement of foreign products by domestic-made ones, and the slowdown in Brazilian industry output, which led to a reduction in use of imported production inputs.
*Translated by Gabriel Pomerancblum
