Foreign Trade Secretary highlights recovery of exports to US and EU – poca Negócios

Foreign Trade Secretary highlights recovery of exports to US and EU - poca Negócios

Sales also increased to China (28%), which remains the main buyer of Brazilian products, and to Mercosur, 37% (Photo: Tania Rego Via Agnia Brasil)

Secretary of foreign tradeLucas Faraz sheds light on the recovery export For Brazilian destinations like State United, which grew by 44.9% in 2021, and The European Union, which rose 32.1%.

Sales also increased to China (28%), which remains the main buyer of Brazilian products, and to Mercosur, 37%. He also pointed out that, after the frustrations recorded last year due to climate issues, the grain harvest should be a record this year.

Import

A 38.2% increase in Brazil’s imports in 2021, in addition to purchases of items such as vaccines and industrial inputs, is related to increased imports of fuel and electricity, a reflection of the water crisis facing the country.

In addition, the devaluation of the real, which made imported goods more expensive, also contributed to the result. The Secretary of Foreign Trade in the Ministry of Economy pointed out that a 35.8% increase in trade flows (the sum of imports and exports) reflects an increase in exports (34%) and a “more significant” increase in imports (38, two). ,

“We had a positive surprise in imports. There is a correlation between an increase in imports and the recovery in Brazil’s economy,” he said.

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About the author: Sarah Gracie

Sarahis a reporter covering Amazon. She previously covered tech and transportation, and she broke stories on Uber's finances, self-driving car program, and cultural crisis. Before that, she covered cybersecurity in finance. Sarah's work has appeared in The Wall Street Journal, Bloomberg, Politico, and the Houston Chronicle.

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