Brazil industrial products revenue hit US$694bn in 2014 - IBGE

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Wednesday, October 19, 2016

Brazil's industrial products sales revenue totaled 2.2tn reais (US$694bn) in 2014, up 4.76% compared with 2013, according to statistics bureau IBGE.

About 9.7% of total revenue was generated by just four industrial products: diesel, iron ore, cars and gasoline, the bureau said in its PIA-Produto industrial survey released on Wednesday. It covers 3,441 products from 41,200 local companies with more than 30 employees.

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The sectors accounting for most sales revenues were food products (accounting for 15.2%), motor vehicles (10.4%), coke, oil products and biofuels (10.4%), chemicals (9.7%) and metallurgy (6.3%), the survey found.

Among products, raw and processed iron ore, which ranked second in the survey, saw sales revenue fall 17.4% to 49.2bn reais.

Industrial products which gained the largest sales shares compared to 2013 were alcohol, air conditioners and aluminum. Those with the largest decreases in sales were steel rebar, harvesting machinery and steel coils and plates, the IBGE said.