![Interalli Grãos](https://www.datamarnews.com/wp-content/uploads/2020/01/Interalli-Grãos.jpeg)
Unctad sees Brazil more dependent on commodities
Jul, 10, 2021 Posted by Ruth HollardWeek 202128
Brazil has clearly become more dependent on commodity exports. This is what a report by the United Nations Agency for Trade and Development (UNCTAD) to be released in September will show. According to the UN agency’s concept, a country is “commodity dependent” when at least 60% of its merchandise export revenue comes from these products.
In the case of Brazil, the report will point out that exports of basic products by the country represented 56.5% of total exports in 2008-2009. Ten years later, the share rose to 66.6%.
Yesterday, Unctad released another study in which Brazil does not yet appear as dependent on commodities, but Argentina does (about 70% of export revenue). But technicians say the situation is dynamic and needs to be monitored frequently.
According to that study, 64% of developing economies depend on commodity exports, compared with 60% a decade ago.
The survey calculates that without changes in the current situation, it would take 190 years for a commodity-dependent country to halve the gap between its current share of commodities in total exports compared to non-dependent countries, on average.
Source: Valor Econômico
To read the full original article, visit the link:
-
Economy
Feb, 07, 2022
0
Trade balance has surplus of US$ 754.5 million in the 1st week of February
-
Nov, 30, 2021
0
Vale’s Fourrous to operate a total of nine ports in China in 2022
-
Ports and Terminals
Apr, 22, 2019
0
Record rice shipment at Port of Concepcíon del Uruguay
-
Grains
Sep, 05, 2022
0
Argentina econ minister Massa offers new incentives for soy farmers