The Brazilian Machinery and Equipment Industry Association (Abimaq) published a statement on Wednesday, January 31st, stating that the Brazilian industry achieved its best historical results in exporting machinery last year.
The total sales for the year reached $14 billion, which is an increase of 14.6% compared to the previous year.
In a press conference, Cristina Zanella, Director of Competitiveness, Economy, and Statistics at the Brazilian Association of Machinery and Equipment Industries (Abimaq), stated that exports had achieved astonishing results.
When looking at historical results, the figures for 2023 were greater than those for 2012, which was the year with the best results.
This year’s results showed an increase of 13% compared to the sector’s best results.
Christina confidently stated, “This is the big news about the machinery and equipment industry. We have succeeded in exporting a lot, despite the international scenario witnessing a decline.
We observe that many countries around the world are raising taxes to control inflation, and this ultimately affects the domestic activity of these countries. Nevertheless, we have managed to export a lot in the year 2023.”
The director of the International Market at the Brazilian Union of Machinery and Equipment Industry, Patricia Gomez, said that there is a specific factor that explains and clarifies this record number in exports.
She highlighted what the United States imported, which made a significant contribution, and pointed out that the Brazilian Union of Machinery and Equipment Industry encourages and motivates companies to participate in promotional activities abroad.
As local consumption of machines was not preferable, it is believed that industries have sought alternatives abroad, stating, “I hope this is not a temporary incentive and that companies continue to operate in the international market in order for us to maintain and expand this record.”
The goal of the Brazilian Association of Machinery and Equipment Industries (Abimaq) is for exports to grow by approximately 1% by 2024, which is considered good according to the current level.
The Brazilian manufacturing industry did not witness a positive overall performance in the previous year in terms of machinery and equipment production.
Net revenues decreased by 11% compared to the previous year, totaling 285.9 billion Brazilian reals, due to domestic sales results.
The decline in net revenues amounted to 15.4%, reaching 215.2 billion Brazilian reals. Therefore, the good performance of exports adjusted the results.
ANBA
