Brazil Moves $5.6 Billion in Exports of Machinery and Equipment During the First Half of 2022
A growth of 29% compared to the same period in 2021; Only in the negotiations with Mexico, the trade flow in the first six months of the year was $239 million.
- (1888PressRelease) September 13, 2022 - Brazil has overcome many challenges with bureaucracy and logistics in recent years. Holder of the ninth world economy with a GDP of $1.87 trillion, the machinery and equipment sector exported a total of $5.6 billion in the first half of this year, a volume 29% higher than in 2021. Of that, in 2022, Mexico imported $239.9 million, an increase of 26.2% compared to the first half of 2021. Among the main imported segments are Road Machinery (26.7%), Machine-Tools and Integrated Manufacturing Systems (8.6%), and Agricultural Machinery and Implements (8.4%).
Mixed economy organizations, class associations, and the Brazilian government have created successful initiatives to stimulate exports and bring the foreign market closer to national suppliers. Programs such as BMS – Brazil Machinery Solutions, a partnership between ApexBrasil - Brazilian Agency for the Promotion of Exports and Investments and ABIMAQ - Brazilian Association of Machinery and Equipment Industry, have promoted Brazilian companies by organizing trade missions and sponsoring their participation in important international events.
In the first half of 2021 alone, 13 events were held in agriculture, poultry, metalworking, textiles, food, plastics, and mining.
Patrícia Gomes, Director of the Foreign Market of the Brazilian Association of the Machinery and Equipment Industry (ABIMAQ), explains,
“Actions such as those supported by Brazil Machinery Solutions are very strategic since they demonstrate the importance of foreign trade as a determining part of the Brazilian policy foreign. BMS has invested in fairs, the development of market studies, and business conferences, taking advantage of the demand for international participation and facilitating international mobility. The incentive for exports -including small and medium-sized companies in the sector responsible for generating employment in the country-brings important results to the economy.”
About the Brazil Machinery Solutions Program - Fruit of the alliance between the Brazilian Agency for the Promotion of Exports and Investments (ApexBrasil) and the Brazilian Association of the Machinery and Equipment Industry (ABIMAQ), the Brazil Machinery Solutions Program (BMS) aims to promote the export of machinery and industrial equipment companies, as well as strengthen the image of Brazil as a manufacturer of mechanical capital goods with state-of-the-art technology and high competitiveness. The BMS Program currently has around 400 members among industries from various sectors, such as agriculture, textiles, mining, plastics, and packaging. In 2018, the companies associated with the BMS Program registered exports to 159 countries. To join the Program and for more information, visit www.brazilmachinery.com.
About ABIMAQ - The Brazilian Association of the Machinery and Equipment Industry (ABIMAQ) was founded in 1937 to strengthen the national industry, mobilize the sector, carry out political and economic actions, and stimulate trade and international cooperation. And contributing to improving its performance in terms of technology, human resource skills, and modernization. More information at: www.abimaq.org.br
About ApexBrasil - The Brazilian Export and Investment Promotion Agency (ApexBrasil) works to promote Brazilian products and services abroad and attract foreign investment to strategic sectors of the Brazilian economy. The Agency carries out diversified commercial promotion actions, such as future and commercial missions, business roundtables, support for Brazilian companies to participate in the main international fairs, and visits by foreign buyers and opinion formers to learn about the productive Brazilian structure. More information at: www.apexbrasil.com.br
Result of a partnership between the ABIMAQ – Brazilian Association of Machines & Equipment Manufacturers and Apex-Brazil – Brazilian Trade and Investment Promotion Agency, Brazil Machinery Solutions Program focuses on the promotion of Brazilian exports of machinery and equipment, as well as the strengthening of Brazil’s image as a manufacturer of mechanical capital goods. Focusing on the markets of South Africa, Angola, Argentina, Colombia, Chile, Peru, Venezuela, Mexico, United States, India and Russia, and Central America, the Program performs various actions aimed at bringing Brazilian business community to such markets with the purpose of showing them the quality and the differentials of machinery and equipment from Brazil. They dot only draw attention for their quality, but also for their inventivity, that is, they meet the actual demands of customers, adapting to the needs and peculiarities of each one.
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