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:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazilian Indians Sell Diamonds in Auction

The Federal Savings Bank reaped US$ 273.7 thousand from the sale of 665 carats ...

In a Decade, Brazil Expects to Grow by 70% Beef Offer, to 14 Million Tons

The annual production of beef in Brazil should be around 14 million tons in ...

1964, a Military Coup Brazilians Loved

Following the fortieth anniversary of the military coup which deposed the government of João ...

World May Lose Over 40% of Brazil’s Amazon by 2050

Unless Brazil enforces existing conservation laws and takes steps to prevent deforestation on private ...

Accused of Spying on Brazil’s Government, Kroll Denies Wrongdoing

The transnational investigative firm, Kroll, is being investigated by the Brazilian federal police in ...

Egyptian Minister Gives Brazil’s Zero Hunger Program High Marks

The Egyptian mission to Brazil, led by the minister of Social Solidarity of the ...

Brazil Auto Parts Sector Forecasting US$ 10 Billion in Exports This Year

Brazilian participation in Automechanika Middle East, the auto sector fair that took place in ...

Hopes of Lower Interest Help Brazilian Stocks

Latin American stocks advanced, with Brazilian shares gaining on hopes that weaker-than-expected economic growth ...

Brazil Ready to Put PPPs in Action. Transport Will Be Initial Beneficiary

Brazil’s transportation sector should be the first to receive investments through Public-Private Partnerships (PPPs), ...

Brazilian industry stops growing in 2007

Inflation Is Up and Surplus Down in Brazil

Brazil's weekly Consumer Price Index (IPC-S) went up faster, in the second week of ...