Egypt’s Agricultural Exports Council (AEC) is hosting on Wednesday (10) the seminar ‘How to Export to Brazil,’ featuring the secretary-general of the Arab Brazilian Chamber of Commerce and Brazil’s agricultural attaché to Cairo.
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Flip flop exports climbed 52% fueling overall sales last month to a total 9.5 million pairs.
Sales to China are still going strong, driven by more affordable Brazilian product. Mato Grosso state industry association Aprosoja has revised down its output estimate.
Brazilian minister of Mines and Energy, Bento Albuquerque, discussed the topic in New Deli. A similar attempt was tried before with the US.
Surplus was the result of exports from Brazil of USD 4.244 billion and imports of USD 3.799 billion.
Capital goods exports from Brazil reached USD 824 million in August, down 15.7% from August 2018.
Foreign sales fetched USD 4.422 billion and foreign purchases amounted to USD 3.454 billion, leading to a USD 968 million trade surplus.
Shipments to the region grossed USD 1.2 billion last month. It was the highest monthly result year-to-date.
Estimate for 2019 surplus rose from USD 50.1 billion to USD 56.7 billion. However, a decline in both exports and imports is expected.
Spending by Brazilians on trips to other countries increased in the month of May.
