The organization’s new forecast for growth in trade volume in 2018 went from 4.4% to 3.9% in face of the trade war between the United States and China and the volatility in exchange rates.
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In August, there was a 7.5% decline in volume and a 9.2% drop in revenues in comparison to the same month of last year.
The North American government cut in half its contributions to the UN agency for Palestinian refugees, which is currently facing a cash crisis.
The country produced 17.2 million tons in the year’s first six months. Exports dropped in volume, but revenues climbed.
Exports totaled USD 548.6 million in June, against USD 210.8 million in the same month of 2017. The hike occurred after the North American government imposed new tariffs on the product.
After two days of decline, the North American currency went up this Wednesday and ended the day at BRL 3.88.
It was a unanimous decision, taken this Friday by the organization within a scenario of rising international oil prices.
The industry saw foreign sales slide in January, February and March, before rebounding in April to 9.87 million pairs of shoes shipped, grossing a combined USD 93.18 million.
The country shipped USD 343.5 million worth of coffee in April, a drop of 12% over the same month of 2017. Year-to-date, foreign sales totaled USD 1.6 billion, also a decline of 12%.
The Arab country’s Energy minister Khaled Al Faleh made the statement on the same day that USA president Donald Trump criticized the OPEC for driving prices up.
