Textile and garment manufacture exports presented a drop in June, regarding to the same month of 2004.
According to data from ABIT – Brazilian Association of Textile Industry and Garments Manufacture, the sector exported US$ 144 million in June - a 6% drop, face to the US$ 153,1 million of June of the last year. The trade balance figures also presented a sensible reduction: a value of US$ 22,6 million, showing a drop of 31,3%, if compared to the same period of the last year.
The reason of this fall in June exports is an early reflex of the valuation of the Brazilian Currency, respecting to the dollar, since the Real is gaining strength, face to the North American currency, in the last months.
The recorded accumulated balance of the commercial balance from January to June of this year was US$ 213,2 million, an increasing of almost 30%, if compared to the first half year of the previous year. Exports in these first six months reached US$ 948,4 million, against US$ 873,6 million, a 8.6 % growth, regarding to the same period of the last year.
ABIT's superintendent director Fernando Pimentel explains that the main reason of this deceleration is the valuation of the Real face to the Dollar, which reached 28% in the last 12 months and 10% in the first six months of the year.
"Exchange valuation reduces the exporter compensation and makes harder not only the incoming of new companies in the external market, but also the expansion of business, for those already selling abroad," affirms Pimentel.
Click to view Brazil's Trade Balance:
Brazilian Association of Textile Industry and Garments Manufacture
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