Brasília – A survey from the National Confederation of Industry (CNI) shows that the share of imports in domestic consumption was a record at 22% in 2014, and up 0.6 percentage point from 2013.
According to CNI, the rate is the highest since records started being kept in 1996. The numbers are from the report Coeficientes de Abertura Comercial (Commercial Openness Coefficients), released this Thursday (5th) by the CNI and done in partnership with the Foreign Trade Studies Centre Foundation (Funcex).
The report says consumption of imported inputs by industry was also a record at 24%, up 0.8 percentage point from 2013. “The index hike was spearheaded by the processing industry, whose rate of imported inputs reached 24.9% last year. Out of 21 segments surveyed, only wood pulp and paper and oil products and biofuels saw their rates drop in 2014 from 2013,” the CNI reports.
The export coefficient, i.e. the share of production that got exported, was 18.8%, virtually flat from 19% in 2013, the survey shows.
The higher share of imported inputs in industry, coupled with stable exports, drove a 0.8 percentage point decline in net export coefficient, i.e. the difference between export revenues and spending on input imports. The rate was 3.5% in 2014 and 4.3% in 2013.
*Translated by Gabriel Pomerancblum
