Brazilian exports were down by 9.6% in August, while agribusiness sales climbed by 9%.
Browsing: Ministry of Economy
To help fight COVID-19, the measure announced last Wednesday by the Ministry of Economy of Brazil includes 61 products, such as test kits for coronavirus, and pharmaceutical, medical and hospital equipment and apparatus.
Brazil ran a USD 2.2 billion surplus last month as exports cooled off and imports climbed, prompting the government to revise its yearlong estimate.
Foreign sales fetched USD 4.422 billion and foreign purchases amounted to USD 3.454 billion, leading to a USD 968 million trade surplus.
The Ministry of Economy has increased the list of tax-free machinery and equipment items, in a bid to render them more accessible to companies.
Brazil ran a USD 2.3 billion surplus last month, the lowest for the month since 2010. Both exports and imports slid.
The 2019 economic growth forecast from Brazil’s Ministry of Economy narrowed from 1.6% to 0.8%.
Foreign sales from Brazil reached USD 239.5 billion in 2018, a 9.6% increase over 2017. Imports grew 19.7%, reaching USD 181.2 billion. The balance stood at USD 58.3 billion positive, the second highest value.
