Tobacco registers increase in exports in June

Published Jul 10, 2020

Tridge summary

In June, tobacco was the only industry in Rio Grande do Sul, Brazil, to see an increase in exports, with a 3.5% rise due to increased shipments to Belgium and Paraguay, as 21 out of 25 sectors experienced a decline in foreign sales, with the automotive, leather, and cellulose and paper sectors hit the hardest. The food sector, particularly beef and pork, helped mitigate the overall decline, which has been exacerbated by the new coronavirus pandemic, which has led to a 22.3% drop in exports in the first half of the year. Imports by the state also decreased by 18.6% in June, with the only increase seen in fuels and lubricants.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The flagship of the economy of Vale do Rio Pardo, tobacco was one of the few sectors of the Rio Grande do Sul industry that registered an increase in exports in June, according to figures released by the Federation of Industries of Rio Grande do Sul (Fiergs). Thanks to an increase in shipments to Belgium and Paraguay, the segment had an increase of 3.5% in relation to the same period last year. Foreign sales, however, fell in 21 of the 25 sectors surveyed by the entity last month. Of the main sectors, automotive vehicles (-59.9%) still suffer the most, followed by leather and footwear (-37.7%) and cellulose and paper (-33.7%). It was the ninth consecutive drop in state shipments. On the other hand, the food sector, for example, helped to contain the decline, with an increase of 23.3%, supported by Chinese demand, which in June rose 169.3%. Beef and pork were the main products exported, respectively. In the first half, the drop in exports from Rio Grande do Sul was 22.3%, which is ...

Source: Agrolink