Exports of machinery to the USA fall by 13% in September compared to the same period in 2024, says Abimaq

One of the sectors most affected by the 50% tariffs imposed by the American government on Brazilian products, the machinery and equipment industry saw a 13.1% drop in exports to the United States in September, compared to the same month in 2024. On the margin—that is, compared to August, when the tariffs had already been raised—the drop was 10%, according to a report released today by Abimaq, the entity that represents factories of mechanical capital goods. The largest declines, from August to September, were recorded in shipments of components (-28.9%), agricultural machinery (-20.6%), and machinery for the manufacturing industry (-18.5%). As sales to the United States were already falling before President Donald Trump's tariff hike, exports to the country have accumulated an 8.2% drop from January to September. Since January of last year, the participation of the United States in the exports of machinery and equipment produced in Brazil has fallen from 31% to 21%. Investments ...