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

Cover of At Home in Rio by Paulo Thiago de Mello

From Slums to Mansions: a Full-Body Portrait of Rio, Brazil

"Quiet talks and quiet dreams/Quiet walks by quiet streams/And the window looking on the ...

Beyond Rio

As I drive across the border I see a person holding up a sign ...

Corruption Is Not Growing, Just the Awareness of It, Says Brazil’s Official

It is the judgment of Brazil’s Federal Sub-Comptroller General, Jorge Hage, that the choice ...

Lula’s Over 80% Popularity Is Giving His Pick to Succeed Him Big Boost

Michelle Bachelet and Luiz Inácio Lula da Silva, two outgoing South American presidents have ...

Brazil’s Balances of Trade and Travel Post Deficit

The Brazilian balance of trade posted a negative balance once again. According to figures ...

Brazilians emigrants to send US$ 7.4 billion back to Brazil

Latin Americans Send US$ 72 Billion Back Home. Brazil’s Share: US$ 7.4 Billion

In spite of United States efforts by 2010 remittances from migrants will reach US$ ...

Lula Continues Brazil’s Cabinet Shuffle

Brazil’s new Minister of Science and Technology, Sérgio Rezende, who substitutes Eduardo Campos, took ...

Brazil’s Lula in Davos: Preacher and Salesman

A day away from the official opening of the world’s most important capitalist encounter, ...

Fearing Inflation Brazil Gets Ready to Hike Interest Rates

The president of Brazil's Central Bank, Henrique de Campos Meirelles said that his bank ...

Brazil Signs Accord to Protect Ecosystem

On Tuesday, January 25, in London, Brazil signed the International Convention for the Control ...