São Paulo – Machinery and equipment exports from Brazil were up 32.8% year-on-year in September. The Brazilian Machinery and Equipment Industry Association (Abimaq) reported this Wednesday (25) that the industry grossed a combined USD 813 million from foreign sales last month. The amount is down 2.7% from August numbers. <\/p>\n
Year-to-date, the Brazilian capital goods industry saw exports go up 9.4% to USD 6.5 billion. Abimaq said domestic demand weakened while activity picked up on international markets. <\/p>\n
“Many companies are keeping afloat by deriving much of their revenue from exports, despite low margins or even losses stemming from exchange rate fluctuations,” Abimaq said. <\/p>\n
The biggest destinations were Latin America, the United States and Europe, Abimaq reported. Conversely, the biggest exporters of machinery to Brazil were China, the United States and Germany.<\/p>\n
Imports to Brazil came out to USD 9.5 billion year-to-date through September, down 21.9% year-on-year. In September alone, imports amounted to USD 1.17 billion, up 16.8% from September 2016 and 7% from August 2017. <\/p>\n
Apparent consumption, which gauges domestic consumption and is tantamount to the sum of domestic sales and imports, slid by 21.8% year-to-date through September to BRL 64 billion (USD 19.7 billion). Last month, apparent consumption reached BRL 7.5 billion (USD 2.3 billion), down 6.3% from September 2016, but up 1% from August.<\/p>\n
Total Brazilian machinery and industry revenue reached BRL 50.05 billion (USD 15.4 billion) year-to-date, down 4.5% year-on-year. Industry revenue reached BRL 5.8 billion (USD 1.7 billion) in September, down 5.7% year-on-year and 4.3% month-on-month. <\/p>\n
*Translated by Gabriel Pomerancblum<\/strong><\/p>\n