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Brazilian capital goods exports up 48%

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Staff writer ▼ | February 28, 2014
Foreign sales of machinery and equipment from Brazil fetched $1.13 billion in January. The figure is higher than in the same month last year.
Brazil
BrazilForeign sales of machinery and equipment from Brazil fetched $1.13 billion in January. The figure is higher than in the same month last year.


Brazilian capital goods exports fetched $1.13 billion in January, up 48% from the same month last year according to figures released this Thursday (26th) by the Brazilian Machinery and Equipment Industry Association (Abimaq). In January from December 2013, however, exports were down 15.3%.

According to the Abimaq, sales increased January-on-January due to reduced exports in the first month of 2013. The performance in January this year was driven by increased exports of oil industry equipment (piping), infrastructure equipment (turbojets) and civil construction equipment (road paving machinery). The leading target markets were Latin American countries, the United States and Europe.

Conversely, machinery and equipment imports stood at $2.998 billion, up 10.2% from January last year and 10.6% from December 2013. The bulk of imports originated from China, the United States, Germany and Italy.

Total revenues for the machinery and equipment industry stood at R$ 5.228 billion ($2.233 billion) in January, down 2.6% from January 2013 and 10.7% from December 2013.


 

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