{"id":199995,"date":"2018-08-28T17:53:40","date_gmt":"2018-08-28T20:53:40","guid":{"rendered":"https:\/\/anba.com.br\/?p=199995"},"modified":"2018-08-29T19:53:59","modified_gmt":"2018-08-29T22:53:59","slug":"machinery-equipment-exports-slid-july","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/machinery-equipment-exports-slid-july\/","title":{"rendered":"Machinery, equipment exports slid in July"},"content":{"rendered":"<p>S\u00e3o Paulo \u2013 Capital goods exports from Brazil reached USD 703 million in July, down 20.3% from June and 3.3% from July 2017, the Brazilian Machinery Builders\u2019 Association (<a href=\"http:\/\/www.abimaq.org.br\" target=\"_blank\" rel=\"noopener noreferrer\">Abimaq<\/a>) reported this Tuesday (28).<\/p>\n<p>Abimaq imputed the slowdown in exports to a buildup in sales during the month of June, which was caused by a trucker strike in late May. However, the fact that sales also slid year-on-year in July is an indication that \u201cexport margins are potentially decreasing.\u201d<\/p>\n<p>Year-to-date through July, machinery and equipment exports amounted to USD 5.476 billion, up 13.9% from a year ago. \u201cSince the crisis broke out in Brazil, the industry is working to increase foreign sales, and this caused the share of exports in total sales to go from 21% in 2013 to 46% in 2018,\u201d Abimaq said.<\/p>\n<p>But imports still outweigh exports for the industry. Nearly USD 1.4 billion worth of machinery and equipment got imported to Brazil in July, up 21% year-on-year. Year-to-date through July, imports exceeded USD 8.5 billion, up 18% year-on-year.<\/p>\n<p>\u201cGood results in imports are a reflection of orders placed in late 2017 and early 2018, at a point when the crisis was expected to end faster,\u201d Abimaq explained. \u201cIncreased uncertainty in the last quarter of the year, combined with a weakened real (Brazilian currency) relative to the US dollar, means this trend will likely wane in months to come,\u201d it said.<\/p>\n<p><strong>Translated by Gabriel Pomerancblum<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-199990\">Yasuyoshi Chiba\/AFP<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Foreign sales from Brazil reached USD 703 million, down 3.3% from a year ago.<\/p>\n","protected":false},"author":2316,"featured_media":199990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[475,479,480,2188,2189,4642,482],"class_list":{"0":"post-199995","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-abimaq","9":"tag-capital-goods","10":"tag-equipment","11":"tag-export","12":"tag-import","13":"tag-importacao-en","14":"tag-machinery"},"wps_subtitle":"Foreign sales from Brazil reached USD 703 million, down 3.3% from a year ago. ","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/199995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=199995"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/199995\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/199990"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=199995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=199995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=199995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}