Foreign Trade Secretary emphasizes the recovery of exports to the U.S and E.U

Lucas Ferraz, Foreign Trade Secretary, noted the resurgence of Brazilian exports to locations such as the United States, which gained 44.9 percent in 2021, and the European Union, which increased 32.1 percent.

There was also a 37% increase in sales to Mercosur and a 28% increase in sales to China, which is still the largest consumer of Brazilian exports. He also mentioned that, following the hardships experienced last year as a result of climate issues, this year’s grain harvest should be a record.

Imports

The 38.2 percent increase in import rates experienced by Brazil in 2021 is associated with increased demand for foreign fuel and electricity, a reflection of the water crisis undergone by the country, as well as purchases of vaccinations and industrial inputs. Furthermore, the depreciation of the real, which increased the cost of imported goods, contributed to the outcome.

The Foreign Trade secretary of the Ministry of Economy pointed out that the 35.8% increase in trade flow (sum of imports and exports) reflects the growth in export rates (34%) and the substantial increase in imports (38.2%). “We had a positive surprise when it comes to imports. There is a correlation between the increase in imports and the recovery of the Brazilian economy”, he added.

Source: Canal Rural

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https://www.canalrural.com.br/radar/secretario-de-comercio-exterior-destaca-recuperacao-de-exportacoes-para-eua-e-ue/

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