The Brazilian Foreign Trade Association projects a more significant decline in imports than exports from the country for next year.
Browsing: José Augusto de Castro
Brazil is buying more in both value and kilograms. Experts see global supply chain reorganization and stock rebuilding as some of the reasons.
Brazil’s Foreign Trade Association has toned down its predictions on imports and foreign trade. Estimates regarding exports and the trade surplus moved up.
Brazil’s AEB forecasts foreign sales will fetch USD 220 billion next year, down 7.7% from 2018. Imports are expected to go up, making for a narrower trade surplus.
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.
