A Brazilian Central Bank study concluded that basic items such as soya and ore were the pillars of foreign sales from the country in 2020.
Browsing: iron ore
The commodity’s prices started increasing in 2020 and are expected to stay high this year. Increased demand from China and Vale’s reduced output are some of the reasons.
Exports from Brazil came out to USD 1.1 billion, the highest monthly result to date this year. Sales increased month-on-month for sugar, iron ore, beef and poultry.
The items the Gulf country purchases from abroad the most are iron ore, aluminum oxide and four-wheel drive automobiles.
Brazilian mining company produced 2.41 million tonnes of pellets in the Arab country in Q3, down from the previous quarter.
Foreign sales of basic goods rose 2.7% in September, while sales of other items dropped 7%, according to Fundação Getulio Vargas (FGV).
The AEB estimates that foreign sales will reach USD 224.445 billion in 2018, up 3.1% from 2017. The original projection was for a 1.1% increase.
The Brazilian mining company’s iron ore pellet plant in the Arab country saw output go up year-on-year in Q2.
Brazil’s foreign trade had USD 5.5 billion in exports and USD 3.6 billion in imports in July’s third week.
The first quarter of this year saw the Brazilian mining company’s iron ore pellet plant in the Arab country make 2.2 million tons of product.
