São Paulo – Brazilian exports of mechanical capital goods generated US$ 1.3 billion in revenues in October, up 13.6% from September and 11.2% from October last year, according to figures released this Wednesday (28th) by the Brazilian Machinery and Equipment Industry Association (Abimaq, in the Portuguese acronym).
Mechanical capital goods imports reached US$ 2.9 billion, up 28.5% from September and down 3.2% from October 2011. As a result, the industry’s trade balance showed a US$ 1.6 billion deficit. From January to October, the industry posted a US$ 14.4 billion deficit, down 2.1% from the same period of last year.
Despite the deficit, exports drove up industry revenues, which stood at R$ 6.5 billion (US$ 3.1 billion at current exchange rates) last month, up 7% from September and down 2.7% from October 2011. Domestic sales were down 18.2% from September and down 48.5% from October last year.
From January through October, the industry posted R$ 59.9 billion (US$ 28.7 billion) in revenues, down 2.3% from the same period in 2011.
*Translated by Gabriel Pomerancblum
