Economy

Brazil's exports to Ukraine have fallen 60% in two months

Imports fell 67% in the same period.

Brazil Agency
07/03/2014 14:53
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With the crisis in Ukraine, Brazilian exports to that country decreased by 60% in the first two months of this year compared with the same period of 2013. Imports dropped 67% in the same period. In February, exports totaled U.S. $ 4 billion from $ 26 billion in the same month last year, a decline of 84%. The information was given yesterday (6) by the Secretary of Foreign Trade, Ministry of Development, Industry and Foreign Trade, Daniel Godinho.
"Ukraine to Brazil is a small market. On the import side, we fertilizers. On the export side, the main product is meat, "Godinho said. He spoke about it at a news conference in which he commented on the results of the Brazilian trade balance in February. In the month, there was a negative balance of $ 2.1 billion. It's the worst result for the period in 20 years. During the year, the accumulated deficit reaches $ 6.1 billion.
The representative of Ukraine among the markets that buy Brazilian beef is not great. According to data from the Ministry of Agriculture, Livestock and Supply in 2013, $ 16.8 billion exported by Brazil, Ukraine acquired $ 266 million, equivalent to 1.58%. The European country buys mainly pork. On Wednesday (5), the Brazilian Association of Producers and Exporters of Pork issued a statement stating that since October last year, sales have been falling for the country. According to the association, there is no sign of reversal scenario.

With the crisis in Ukraine, Brazilian exports to that country decreased by 60% in the first two months of this year compared with the same period of 2013. Imports dropped 67% in the same period. In February, exports totaled US$ 4 billion from US$ 26 billion in the same month last year, a decline of 84%. The information was given yesterday (6) by the Secretary of Foreign Trade, Ministry of Development, Industry and Foreign Trade, Daniel Godinho.


"Ukraine to Brazil is a small market. On the import side, we fertilizers. On the export side, the main product is meat, "Godinho said. He spoke about it at a news conference in which he commented on the results of the Brazilian trade balance in February. In the month, there was a negative balance of US$ 2.1 billion. It's the worst result for the period in 20 years. During the year, the accumulated deficit reaches $ 6.1 billion.


The representative of Ukraine among the markets that buy Brazilian beef is not great. According to data from the Ministry of Agriculture, Livestock and Supply in 2013, US$ 16.8 billion exported by Brazil, Ukraine acquired US$ 266 million, equivalent to 1.58%. The European country buys mainly pork. On Wednesday (5), the Brazilian Association of Producers and Exporters of Pork issued a statement stating that since October last year, sales have been falling for the country. According to the association, there is no sign of reversal scenario.

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