Brazilian exports of machinery for agriculture recorded a 9.9% increase in the accumulated from January to October compared to the same period of last year, according to the Brazilian Association of Machinery and Equipment Industry (Abimaq), released on Tuesday ( 27).
In October, the increase was 17.9%. The share of the agricultural category in the exporting machinery tariff is 9.9%.
On the other hand, imports of agricultural machinery increased by 34% in the first ten months of the year compared to the same period in 2017, and increased by 21% in October. According to the president of Abimaq, João Carlos Marchesan, the exchange rate in 2019 should be less favorable to exports.
This text was translated by machine from Brazilian Portuguese.