Furniture production increases in Southern Brazil
Publish Time: 2017-12-08 Origin: Site
Rio Grande do Sul and Paraná states are two prominent furniture centres in Brazil and according to IBGE (Brazilian Institute of Geography and Statistics), furniture production in Rio Grande do Sul state in August expanded just over 10%.
In the Paraná state the equivalent growth was almost 5%. Year on year, production in Rio Grande do Sul increased 2.2%, while that in Paraná rose 11.6%.
Brazilian furniture exports increase
Data from the Ministry of Development, Industry and Foreign Trade (MDIC) show the trend in furniture exports in the first nine months of this year in comparison with the same period of 2016.
From January to September 2017 furniture exports amounted to US$456.9 million against US$ 432.1 million in 2016. Looking ahead, the MDIC expects total exports for 2017 to be around US$660 million. Brazilian contribution to the global furniture trade of about US$270 billion is around 0.25%.
The trade balance in the furniture sector continues positive as imports have been falling reflecting the state of the economy.
Between January and September 2017 furniture imports totalled US$398 million, down 14% year on year. Brazil imported furniture from China worth US$124 million, down 6% compared to the first nine months of 2016.
by Fordaq