Brazilian vehicle Production and Exports
Brazilian vehicle exports recorded a 47.9% increase in revenues to US$809.8m in January year-on-year. In volume terms the growth was even more marked at 56% with 37,200 vehicles shipped. This was the industry’s best January since 2008, signaling a great start to the year. The Brazilian trade balance recorded a surplus of US$956m in the second week of February, resulting from exports of US$3.847bn and imports of US$2.891bn. The daily export average was US$769.4m, up 2% from the first week of the month. Meanwhile, the daily import average fell by 15.5% over the same period comparison. The accumulated surplus for the year so far is at US$3.892bn.
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