Revenue from the industry in February also posted a decline compared to the same period a year earlier, ABIMAQ reported. Benchmark interest rate is still high, the industry says.
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Apex-Brasil and Abimaq have renewed a partnership to continue promoting Brazilian machinery and equipment in the international market.
Company Jacto of Brazil believes in the potential of partnerships to implement new technologies in the Arab country, where opportunities are available to grow citrus fruits, tomatoes and olives. Industry association Abimaq’s executive director stressed Brazil’s role in technology production in an Arab Chamber webinar this Wednesday (9) featuring Brazilian and Moroccan diplomats.
Brazilian equipment industry saw an increase in 2019 revenue, as per figures made public by Abimaq.
Capital goods exports from Brazil reached USD 824 million in August, down 15.7% from August 2018.
The industry grossed BRL 6.75 billion, down 12% year-on-year, and exports are also on their way down.
