Isaura Daniel*
São Paulo – Brazilian machinery and equipment exports reached US$ 8.05 billion between January and October this year. The increase was 13.7% over the result for the same period last year. In the first ten months of 2005, the machinery sector had posted foreign trade revenues of US$ 7 billion.
These figures were disclosed today (12) during a press conference at the Brazilian Machinery Manufacturers Association (Abimaq). The main destinations for Brazilian machinery up to October were the United States, followed by Argentina, Germany, Mexico and the United Kingdom.
Machinery and equipment industry revenues should end the year posting a reduction of 2.9% according to Abimaq forecasts. Between January and October this year, there was a nominal reduction of 2.5% in sector revenues when compared to the same period in 2005.
*Translated by Mark Ament
