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Brazil’s machinery exports drop 3%, government’s tax revenues down

Staff Writer | January 28, 2017
Brazilian exports of capital goods totaled $7.8 billion last year, down 2.9% over 2015, according to the Brazilian Machinery Builders’ Association (Abimaq).
Brazilian exports
Economy in Brazil   The devaluation of the real
Abimaq points out that the devaluation of the real against the dollar in 2014 and 2015 had driven up the sector’s foreign sales, but that this cycle was broken with the appreciation of the Brazilian currency last year.

Shipments of oil and renewable energy machinery, agriculture, infrastructure and basic industry machinery, and components to the capital goods industry all declined.

However, exports of consumer goods machinery, machinery to the processing industry and to logistics and civil construction industries.

The main destinations for products of the sector were Latin American countries, Europe, United States and China.

The federal government’s tax revenues in 2016 totaled BRL 1.289 trillion ($409 billion) in 2016, a real decline of 2.97% adjusted to the inflation as measured by the Extended National Consumer Price Index – IPCA in comparison to 2015, according to the Federal Revenue Service.

In December, the federal government collected BRL 127.607 billion ($40.50 billion), a real decline of 1.19% in comparison to the same month of 2015.