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26/07/2017 - 18:53hs

Machinery exports up 2.3% in first half

Foreign sales of capital goods from Brazil increased year-on-year from January to June, 2017. In June alone, sales also went up, by 8.2%.

São Paulo – Exports of capital goods from Brazil increased by 2.3% in the first half of this year and by 8.2% in June alone, the Brazilian Machinery and Equipment Industry Association (Abimaq) reported this Wednesday (26).

Machinery exports from Brazil amounted to USD 4.08 billion from January to June this year, with June-only exports fetching USD 752.7 million. In June from May, foreign sales climbed by 6.8%.

H1 best-sellers included logistics and civil construction machinery, with a 24% increase in sales, and farming machinery, with a 43% increment in foreign sales.

An Abimaq press release highlights the performance of the machinery parts industry in June, with exports going up 2.6% on the back of industrial valves.

Region-wise, Latin America was the biggest buyer at USD 1.8 billion, up 18% from H1 2016. The United States came in second at USD 747 million, up 11.6%. The third biggest importer of Brazilian capital goods was Europe, and China placed fourth. The latter two stepped down their imports year-on-year in H1.

Imports of machinery and equipment to Brazil declined by 28% to USD 6 billion in H1 and by 56% to USD 1 billion in June alone. Brazil ran a trade deficit nonetheless, with imports exceeding imports by USD 1.9 billion in H1 and by USD 251 million last month.

*Translated by Gabriel Pomerancblum

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