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Division
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Investment and Export
PO Box 7970
Madison, WI 53707-7970
USA
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Vol.
7 #5, May 2008
Brazilian Purchases of Capital Goods Boost Imports
Brazil’s imports are growing faster than the country’s
exports in part because Brazilian manufacturers are making major
purchases of machinery and equipment. According to the Foreign
Trade secretary at the Ministry of Development, Mr. Welber Barral,
Brazilian industry is benefiting from the falling value of the U.S.
dollar, currently worth approximately 1.70 Brazilian real, by expanding
production capacity. The Ministry of Development reported
that purchases of capital goods increased 69.7% in March 2008 compared
with March 2007, up from US$ 91.2 million to US$ 154.7 million. During
the same period, total imports rose by 33.2%.
To learn how your firm can take advantage of the booming Brazilian
market, contact Commerce’s Latin America Specialist, Ms. Susan
Dragotta, susan.dragotta@wisconsin.gov, (262) 691-5147.
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