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

Up and Coming

Yes, there are prosperous and even rich Brazilian blacks. And they are not just ...

A peasant from Petrolina, Pernambuco, in the Brazilian Northeast

The US-Brazil Accord on Ethanol Is Good for GDP But Very Bad for Rural Poor

During Bush’s visit to Brazil thousands of poor, rural members of the international Via ...

After Calling for Stop to Arms Race in LatAm Peru Buys Fighter Planes from Brazil

Alan Garcia, the president of Peru, defended his government's decision to purchase Chinese tanks ...

In Paris, Brazil’s Lula Praises France for ‘Total Democracy’

As France commemorated Bastille Day, Brazilian President Luiz Inácio Lula da Silva once again ...

WTO Accord Is Must to Keep the World Order, Says Brazil in South Africa

The heads of State who participated Sunday, February 12, in the Progressive Governance Summit ...

Brazil’s Sports Minister Likely to Be 5th Rousseff’s Cabinet Member to Fall for Corruption

Veja, the weekly magazine with the largest circulation in Brazil (about 1.1 million copies) ...

Investors Take the Money and Brazilian Markets Ebb

Latin American markets were mixed to lower on the session, as Brazil pulled back, ...

Brazil Wants the World Drinking Cachaça

At present, Brazil produces 1.3 billion liters of cachaça annually. But only 1 percent ...

Brazilian Small Business Discovers the Arab Market

A partnership between the government of the southeastern Brazilian state of São Paulo and ...

Feeling Good: Brazil Is 4th in Consumer Confidence in the World

According to a global consumer confidence survey by consultancy firm Nielsen, Brazil ranked 4th ...

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