Brazil's machinery exports edge down in October

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Thursday, December 1, 2016

Brazil's industrial machinery and equipment exports fell 1.9% year-on-year to US$601mn in October.

But exports of the same products were up 1.3% to US$6.51bn in January to October, local paper O Estado de Minas reported, citing data from industry association Abimaq.

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Machinery imports dived 23.6% to US$1.11bn in October and 18.9% to US$13.2bn in the first 10 months of the year, Abimaq said.

As a result, the segment's trade deficit was US$512mn in October, down 41.8% from a year ago. The trade deficit in January-October was down 32% to US$6.74bn.

The industry's capacity utilization rate reached 63.4% in October, 4.9 percentage points lower than the same month 2015.