Graphic Industry Exports in Brazil Grow 11% and Imports 31%

Brazzil Magazine covers

Gráfica Santa Marta in Brazil Exports from the graphic industry in Brazil grew 10.8% in the first quarter this year, resulting in revenues of US$ 64.97 million for companies in the sector. The information was supplied by the Brazilian Association of the Graphic Arts Industry (Abigraf), based on data from the Brazilian Ministry of Development, Industry and Foreign Trade.

Packages led exports by the segment, having answered to US$ 25.5 million, or 39% of total sales, followed by printed cards, at US$ 12.9 million, the equivalent to 18.7%.

Imports also posted significant expansion during the period. They grew 30.7% between January and March compared with the same period in 2007, totaling US$ 82.1 million. In the same months of last year, graphic industry exports stood at US$ 62.8 million.

Publishing sector products, such as magazines and books, answered to 45% of total imports, or US$ 37.6 million. Printed cards represented 24.3%, or US$ 20.1 million, and packages answered to 14%, or US$ 12.9 million.

Export and import figures resulted in a deficit of US$ 17.6 million to Brazil. The value was 302% greater than in the first three months of 2007, when trade balance ran a deficit of US$ 4.28 million.

According to the president at the Abigraf, Mário César de Camargo, the cause for the rising deficit was the appreciation of the Brazilian currency. "The average exchange rate in the first quarter of 2007 was 2.1 reais for US$ 1; now, it has reached 1.73 reais for US$ 1," he explains, in a press release issued by the organization.

The notebook segment was among those for which exports decreased in the beginning of the current year, as it posted a 44% decrease in exports. The segment has always been one of the leading collaborators to the graphic industry trade surplus.

The president at Abigraf claims, however, that the deficit will not cause significant harm to the sector, as exports represent less than 2% of total sales by the graphic industry.

"The Brazilian graphic industry, in general lines, continues to grow, keeping pace with the evolution of the country's Gross Domestic Product," asserts Camargo.

Last year, the segment posted revenues of 17 billion reais (US$ 10.2 billion), growth of 4.5% over the previous year. The graphic industry, according to the president at Abigraf, is still generating jobs and increasing its number of companies in Brazil.

Anba

Tags:

You May Also Like

Brazzil Magazine covers

Fed Up with “Dollar Tensions” Brazil and Argentina Step Up Trade in Local Currency

In order to avoid being submitted to the "greenback's tensions," Mercosur, the South American ...

Brazzil Magazine covers

Argentina’s Default Might Lower Brazil’s GDP by Half a Point

Argentina’s debt problems threatens to worsen trade tensions in Mercosur, adding to the economic ...

Brazzil Magazine covers

Brazil University Gets LatAm’s Largest Shared-Memory Supercomputer

Brazil's Universidade Federal do ABC (UFABC) recently purchased a high-performance computer and storage system ...

Brazzil Magazine covers

Argentina Would Like for Brazil to Explore Its Oil

Brazilian President Luiz Inácio Lula da Silva received the governor of the Argentine province ...

Brazzil Magazine covers

Brazil Needs Affirmative Action for Blacks, Indians and Gypsies, Says Minister

Brazilian society has a cultural debt with blacks, Indians, and gypsies, and reparation requires ...

Brazzil Magazine covers

Brazil’s New Seleçí£o Coach Is a Champion Who Never Coached

Dunga, 42, the captain of the Brazilian National Football Team in the 1994 and ...