Machinery exports up 10%
29 de junho de 2016
Foreign sales of capital goods from Brazil soared in May and year-to-date. Europe and China were the top buyers.
São Paulo – Machinery and equipment exports from Brazil were up 10% in May from a year ago, the Brazilian Machinery and Equipment Manufacturers Association (Abimaq) reported this Wednesday (29). Export revenues reached USD 696 million, a 2% increase over April.
Year-to-date through May, exports also went up. From January to May, revenues stood at USD 3.2 billion, up 0.9% from a year ago. It was the first positive result this year.
Exports were up 47.5% for consumer goods manufacturing machinery, 20.4% for processing industry machinery and 17.8% for capital goods industry machinery.
In May alone, infrastructure and base industry machinery exports increased the most, at 55.6%, followed by agricultural machinery, up 31.7%, and consumer goods industry machinery, up 25.9% from May 2015.
In the first five months of the year, Latin America still held the top post in the world among buyers of Brazilian equipment, despite these sales declining 11.7%. Europe came in second, with an increase of 6% over the same months in 2015. The United States were third place as largest buyers of Brazilian machinery, but imported 18.4% less. China’s purchases increased 846% but the country is only the fourth largest buyer.
With imports declining in May, the sector was able to decrease the trade balance deficit. Imports declined 25% in May over the same month of 2015 to USD 1.1 billion. Thus, the sector’s trade balance deficit, which registered more than USD 1 billion in the same period of last year, registered USD 500 million.
Year-to-date, imports declined 30.4% over the first five months of 2015 to USD 6 billion. The deficit registered USD 2.7 billion.
The Brazilian machinery industry registered a decline in revenues in May and also year-to-date due especially to a slowdown of the domestic market. Employment also declined in both periods. The sector had 308,700 employees in May of this year, 35,000 jobs less than in the same month of 2015.
*Translated by Gabriel Pomerancblum and Sérgio Kakitani