São Paulo – The amount of motor vehicles exported from Brazil increased in November and year-to-date through November from the year-ago periods. However, revenues in US dollars shrank, the National Motor Vehicle Manufacturers Association (Anfavea) reported this Friday (4th).
Anfavea said 36,449 vehicles were shipped from Brazil, including passenger cars and light commercial vehicles, a 40.3% increase over November 2014. From January to November, 369,459 light vehicles were exported, up 18.9% from a year ago.
Year-on-year in November, truck exports also grew. Last month, 2,518 units were exported, up 61.4% from a year ago. From January to November, 19,697 trucks were shipped abroad, up 18.2%. Bus sales declined in November, but increased year-to-date through November.
Agricultural machinery exports reached 1,103 units in November, up 4.8% from a year ago. Year-to-date, however, agricultural machinery sales dropped 25.4% to 12,940 tractors, power cultivators, harvesters and backhoe loaders.
Export revenues have declined in this year from the last one. Vehicle, agricultural machinery and earth-moving machinery sales fetched USD 860.6 million, 6% less than in November of last year. From January to November 2015, export revenues reached USD 9.6 billion, down 10.1%.
The decline in US dollar revenues coupled with significantly higher export volumes is a result of the American currency’s hike relative to Brazil’s real throughout the year.
In November, 176,000 automobiles were manufactured in Brazil, down 33.5% from November 2014. Year-to-date, 2.28 million units were made, down 25.2% from a year ago.
Government news outlet Agência Brasil quoted Anfavea president Luiz Moan as saying the domestic market is unlikely to rebound before the fourth quarter of 2016. “The most important thing is that daily sales are in line with our forecasts of stable sales from Q3 to Q4,” the executive said.
He claimed to believe sales will remain flat over the next few months. “The best way to get growing again is to stop shrinking,” Moan concluded.
*Translated by Gabriel Pomerancblum
