Cheap Dollar Makes Electronics Imports Grow 36% in Brazil

A study by the National Association of Manufacturers of Electronic Products (Eletros) shows that Brazilian imports of electronic products are rising.

The volume grew 36% in the first quarter of this year when compared to the same period last year. The appreciated Brazilian real against the United States dollar is one of the reasons for the increase in purchases.

In the white line, imports in the first quarter totaled US$ 20.38 million, 173% more than in the same period in 2005. Regarding image and sound products, imports grew 16.7%, totaling US$ 115.79 million.

Imports of these products are being powered by televisions with modern technologies. Portable electronic equipment had imports rising 130.83% when compared to the first quarter of last year. In this case, Chinese products are the most purchased.

Despite the growth of imports and 31.58% of the Brazilian companies in the sector having cut export investment, the sector should remain competitive. According to forecasts by Eletros, sales in 2006 are not going to fall when compared to 2005.

In the first three months of 2006, however, Brazilian exports of electronic products dropped 7.7% when compared to the same period last year, totaling US$ 165.8 million.

The reduction was powered by the image and sound line, whose exports dropped 43.41%, to US$ 40.31 million, and by the portable product line, whose sales dropped 7.24% with exports reaching US$ 18 million.

The white line area, in turn, represents the greatest volume of sector exports, with foreign sales growing 20%, to US$ 107.55 million in the first quarter.

Anba

Tags:

You May Also Like

Why Can’t Brazil Stand Up to Bush?

Brazil’s so-called Shoot Down Law was approved seven years ago by the Brazilian Congress, ...

There Are Already More than 140 Million Cell Phones in Brazil

With Brazil in the lead, ten Latin American countries concentrate 388 million cellular phone ...

Soy and other cultures invade Amazon jungle

Brazil’s Voracity for Soy Is Breeding Unemployment and Prostitution

"We saw 50 tons of fish die in the Madeira in 2005. And we ...

Brazil Rises from 21th to 11th Among World’s Favorite Places for Events

Business tourism is growing in Brazil. According to a study disclosed yesterday, July 27, ...

Brazil: Bank Workers Strike and Protest in the Streets

Bank workers in Brasilia, capital of Brazil, met in a general assembly and voted to continue ...

A Yawanawá Indian - www.yawanawa.com

World Won’t Respect Brazilian Indians Patent Rights Starting with Brazil

They still live in the middle of the Amazon forest and their culture has ...

Brazil Lula’s New Battle Cry: We Must Be Eclectic

Brazilian President Luiz Inácio Lula da Silva said this Wednesday, February 22, in Marabá, ...

State-Owned Aerolineas Argentinas Buys 20 Jets from Brazil’s Embraer

Argentina signed Thursday, May 21, a contract to purchase 20 mid range Embraer 190 ...

Bush to Brazil’s Lula: You’re Looking Good, You’re Looking Good

The following is a transcript of remarks by President Bush and President Lula of ...

Brazil Teaches the US One or Two Things on Electronic Election

The president of Brazil’s Federal Electoral Court (TSE), Minister Carlos Velloso, the secretary of ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`