Brazil’s High Tech Exports Grow 32% Led by Communications and IT

Brazilian exports of high technology products were the ones that increased the most last year, amongst the various segments in Brazil’s industry.

According to information disclosed today by the Ministry of Development, Industry and Foreign Trade, shipments in the sector yielded US$ 8.7 billion in 2005, against US$ 6.6 billion in 2004, an increase in 32.5%. In all, Brazilian exports increased by 22.6% in 2005.

The performance, according to the Ministry, was influenced especially by external sales of radio and TV and communication equipments, which increased by 86.3%, and office and IT material, which increased by 43.2%. Last year, the participation of the segment in the total of Brazilian exports was of 7.4%, against 6.9% in 2004.

Exports of goods classified by the Foreign Trade Secretariat (Secex) as "medium-high technology", such as electric machines and equipments, vehicles and equipments for railways and transportation materials, increased by 29.7% going from US$ 22.2 billion, to US$ 28.9 billion. The sector’s participation in the Brazilian exports basket went up from 23.1%, in 2004, to 24.4% in 2005.

In the field of "medium-low technology", such as coal, oil products and metallic products, there was an increase in 20.7% in exports.

In spite of the increase, this sector lost space in the exports basket, from 19.5% to 19.2%. And the low technology industry, according to the Ministry, had its share in the total of Brazilian exports reduced from 30.5% to 28.4%

Anba

Tags:

You May Also Like

Brazilian Stocks End Year in Celebratory Mood

Latin American stocks edged up in quiet trading, with the session being the last ...

Isn’t Ever Enough?

The present battle for power and positions stems from the fragmented nature of Brazil’s ...

Rust Hits US While Brazil Becomes Top Soy Exporter

The Brazilian government says it expects a record soybean harvest this year. Brazil recently ...

Over Half of Brazil’s New Cars Run on Gas, Ethanol or a Mix of Both

Demand for ethanol made from sugar cane is booming in Brazil, where it is ...

Up to Half a Million Kids Exploited for Prostitution in Brazil

Brazil is among the 50 nations that  are part of the second tier of ...

Despite Fears, Industrial Production Grows for the Fourth Month in a Row in Brazil

Industrial production in Brazil grew 1.6% in June, in comparison with May. This was ...

A Popular Shopping Hub from Rio, Brazil, Tries the Internet Waters

A working-class shopping complex in the center of Rio de Janeiro city, known as ...

Brazilian Program Opens School Doors Seven Days a Week

The Open School (Escola Aberta) program, inaugurated six years ago by the government of ...

To Contain Inflation Brazil Raises Prime Rate to 12.50%. 5th Hike This Year

The Brazilian Monetary Policy Committee (Copom) of the Central Bank unanimously decided to raise ...

Boeing Gives Brazil’s Moribund Varig a Break

Varig, Brazil-based airline, announced this Wednesday, January 4, in Rio de Janeiro, the closing ...

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