São Paulo – Brazilian machinery and equipment exports totaled USD 1.67 billion in the first two months, up 58.7% over the same period of last year. In February, foreign sales totaled USD 848.64 million, an increase of 39.8% in comparison to the same month of 2017. The data was released this Wednesday (28) by the Brazilian Machinery Builders’ Association (ABIMAQ).
According to the association, the increase in exports was due to a more dynamic global market, to the efforts by the companies to sell abroad during the downturn of the domestic market and to a relatively low basis for comparison, represented especially by January 2017, when exports totaled half of the amount registered in the same month of 2018.
Almost all of the sectors of the industry increased their sales in the first tow months, with the exception of processing industry machinery. The highlight was machinery to logistics ad construction, with exports climbing 83.3% and accounting for 35% of the industry’s total exports.
The main destinations for the products were Latin America countries, the United States and Europe, with a significant hike in exports for the three regions in the year’s first two months.
Translated by Sérgio Kakitani
