São Paulo – The National Confederation of Industry (CNI, in the Portuguese acronym) has released a survey this Thursday (14th) on the share of imported goods on the Brazilian market. The penetration rate of imported goods was 21.8% in quarter three, up 0.7 percentage point from quarter two. The organization reports that the rate has increased for the 14th straight quarter.
"The indicator’s increase is mostly due to difficulties on the supply side, and the loss of competitiveness of the Brazilian industry,” according to a CNI press release about the survey, which is titled Coefficient of Trade Openness, conducted in partnership with the Foreign Trade Studies Centre Foundation (Funcex).
In the processing industry, according to the CNI, the share of imported goods was 20.3%, up 0.6 percentage point. The growth was highest in pharmaceuticals, oil products, machinery, electric materials, computing materials, and optical products.
On the other hand, the share of exports in industry revenues was 19.2% in quarter three, on par with the prior quarter. “The rate reflects the poor export performance of Brazilian processed goods,” according to the press statement.
*Translated by Gabriel Pomerancblum
