The country purchased more product from abroad this month, in spite of the uncertainty surrounding the global economic scenario. Goods whose imports went up include wheat, fertilizers, sanitary items, ethylene polymers and electric generators.
Browsing: imports
The country has suspended customs duties on lentils, chickpeas, beans, and dry beans.
Year-to-date, imports were down 12.6% in February and 5.8% year-to-date through February.
Demand for foreign products was up 14.6% and for domestic products 8% in January from December.
The emirate’s trade balance posted a 5.4% decline. Manufactures topped the list of most imported merchandise.
Year-to-date through November, imports grew by 5.3% from a year ago, to USD 5.058 million.
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.
Deficit rose to USD 3.87 billion, up 6.8% from a year ago. Exports increased by just 0.5%, while imports increased by 4%.
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.
