São Paulo – Brazilian machinery and equipment exports totaled USD 4.76 billion in the year’s first six months, up 16.8% in comparison to the same period of last year, according to data shown this Tuesday (31) by the Brazilian Machinery Builders’ Association (ABIMAQ).
In June, exports totaled USD 871.7 million, up 15.8% over the same month of 2017. “Since 2017, the external market has been the channel used by machinery and equipment manufacturers to maintain their activities. In 2018, exports became responsible for 47% of total sales made by the sector,” stated the association in a statement.
Even with the devaluation of the real throughout the year, imports rose strongly. In June, imports reached USD 1.25 billion, up 24.6% in comparison to the same month of 2017. In the first six months, they totaled USD 7.11 billion, and increase of 17.5% over the same period of 2017.
Translated by Sérgio Kakitani
