Brazil’s Small Ambition: 1% of the World’s Garment Trade

Brazilian clothing exports should grow only 3% this year, due to the heavy depreciation of the dollar in the last 15-16 months, estimates the presiding director of the Institute of Industrial Studies and Marketing (Iemi), Marcelo Prado.

“There has been a deceleration in export growth, which was expanding at a much faster pace,” he assesses.


The objective of the Brazilian textile sector is to recover the 1% share of the international market it once had, in the decade of the ’80’s, reveals the supervising director of the Brazilian Textile and Clothing Industry Association (Abit), Fernando Pimentel.


The country’s share currently represents only 0.4-0.5% of world textile and apparel trade, which totals around US$ 400 billion. A 1% share of the world market would mean annual exports of US$ 4 billion for Brazil, instead of the US$ 2.08 billion exported last year, Pimentel observes.


He affirms that the way to recover this position involves exporting garments rather than raw material. Pimentel explains that a kilogram of exported cotton is worth US$ 1.20, whereas a kilogram of exported beach fashion apparel fetches as much as US$ 55.00.


Prado informs that Brazil’s current share of this line of products in world trade amounts to 0.02%, due to factors such as fragmentation of the market, which lacks the structure to accept big orders, export, and compete for consumer markets. 85% of world imports are concentrated in Europe, North America, and Japan.


Pimentel underlined the need for Brazil to negotiate regional or bilateral agreements to enter these markets with competitive advantages, as it has done in other regions, such as Central America, North Africa, and Eastern Europe.


“International negotiations are crucial for Brazil to gain space in this 85% of the world market that is currently composed of the rich countries.”


ABr – www.radiobras.gov.br

Tags:

You May Also Like

Ricardo Cravo Albin's book on MPB

Brazilian Popular Music, a Bird of a Thousand Voices

A few months ago while performing in the New York area, I encountered an ...

Monsanto Buys World’s Largest Sugarcane Breeding Firm in Brazil

US-based agriculture company Monsanto has completed the purchase of Brazilian firm Aly Participações Ltda., ...

Brazil Risk Was Never That Low: 206 Points

The US’s Central Bank announcement yesterday that it would keep basic interests rates unchanged ...

Rice Goes to Brazil to Discuss FTAA and Venezuela

United States Secretary of State Condoleezza Rice arrives in Brazil next tomorrow. It is ...

In Brazil US Is Number One in Importing and Exporting Machinery

razilian machinery and equipments exports yielded US$ 2.174 billion in the first quarter, an ...

125 Countries in Brazil Debating Child Sex, Trafficking and Pornography

Close to 3,000 participants from over 125 countries have gathered in Rio de Janeiro, ...

Banks Upbeat about Brazil

Brazil Central Bank’s latest weekly survey of how 100 financial institutions and consultancy firms see ...

Jobim in New English

Do you wince each time you hear these pearls?I took your picture with my ...

In Brazil, Supermarkets Refuse to Sell Meat from Amazon-raised Cattle

In Brazil, the Brazilian Association of Supermarkets, the main group representing supermarkets in Brazil ...

Brazil’s Lula Complains That Rich Nations Are Not Helping Enough the Poor

During his weekly radio talk to the nation, today, Brazilian President Luiz Inácio Lula ...