Brasília – The rate of foreign-made components in Brazilian industrial consumption was 21.9% in Q3 2014, the National Confederation of Industry (CNI, in the Portuguese acronym) has reported this Monday (17th). According to the CNI, the rate of imported components was up 0.8 percentage point from Q3 2013, the highest since records started being kept in 2007.
Despite the increased share of foreign-made products in the domestic economy, Brazilian industry is proportionally exporting more. The export coefficient, which measures the share of industrial output sold to foreign countries, was 19.4%, also up 0.8 percentage point from Q3 2013.
The information was culled from the Coefficients of Commercial Openness survey, conducted by the CNI in partnership with the Foreign Trade Studies Centre Foundation (Funcex). In Q3 from Q3, the rate of imported components in Brazilian industry was up 0.1 percentage point and the export coefficient was up 0.2 percentage point.
*Translated by Gabriel Pomerancblum
