EXPORTS FROM MATO GROSSO BREAK RECORD

according to anba: Exports from the midwestern Brazilian state ofMato Grosso are growing non-stop. For the second month in a row, thestate attained a record-high value in foreign sales. In May, totalexport value reached US$ 949.4 million. In the accumulated resultfor the first five months, the figure is US$ 3.03 billion, a value59.3% greater than recorded during the same period of 2007 (US$ 1.91billion). To the acting president at the Federation of Industries ofthe State of Mato Grosso (FIEMT), Jandir Milan, such performance,which was regarded as atypical, was influenced by the end of thefiscal auditors strike at the Revenue Service, as well as protestsby Argentine farmers, who led many trading companies to transfertheir soybean shipments to Brazil, and more specifically to MatoGrosso. Indices are also favourable with regard to the balance oftrade. The state continues to post a rising surplus, which totalledUS$ 2.61 billion until May this year, a value 60% higher thanrecorded during the same period of 2007. Mato Grosso contributedwith 30% of the Brazilian trade surplus, meaning that the stateplayed a significant role in Brazilian foreign accounts. Milanassessed the export results as good for the image of Mato Grosso, asthe state is facing constant criticism regarding the environmentalissue. In the list of the country's leading exporters, the stateremains in the 10th position. "Mato Grosso should overtake the stateof Santa Catarina (presently the 9th in the national ranking) as ofnext year," says Milan. The leading destinations for exports fromMato Grosso were the European Union and Asia, which respectivelyaccounted for 45.4% and 36.8% of the total. China remains theleadingclient, with a 23% share, followed by Holland and Spain, withshares of 16% and 9%, respectively. Imports by the state totalledUS$ 422.8 million, growth of 54.6% in comparison with the valuerecorded during the same period in 2007 (US$ 273.4 million). "In theexport basket, purchases of agricultural inputs continue to prevail,and answer to 90% of the accumulated value," says the economicadvisor at FIEMT, Carlos Vitor Timo.

EXPORTS FROM MATO GROSSO BREAK RECORD

according to anba: Exports from the midwestern Brazilian state ofMato Grosso are growing non-stop. For the second month in a row, thestate attained a record-high value in foreign sales. In May, totalexport value reached US$ 949.4 million. In the accumulated resultfor the first five months, the figure is US$ 3.03 billion, a value59.3% greater than recorded during the same period of 2007 (US$ 1.91billion). To the acting president at the Federation of Industries ofthe State of Mato Grosso (FIEMT), Jandir Milan, such performance,which was regarded as atypical, was influenced by the end of thefiscal auditors strike at the Revenue Service, as well as protestsby Argentine farmers, who led many trading companies to transfertheir soybean shipments to Brazil, and more specifically to MatoGrosso. Indices are also favourable with regard to the balance oftrade. The state continues to post a rising surplus, which totalledUS$ 2.61 billion until May this year, a value 60% higher thanrecorded during the same period of 2007. Mato Grosso contributedwith 30% of the Brazilian trade surplus, meaning that the stateplayed a significant role in Brazilian foreign accounts. Milanassessed the export results as good for the image of Mato Grosso, asthe state is facing constant criticism regarding the environmentalissue. In the list of the country's leading exporters, the stateremains in the 10th position. "Mato Grosso should overtake the stateof Santa Catarina (presently the 9th in the national ranking) as ofnext year," says Milan. The leading destinations for exports fromMato Grosso were the European Union and Asia, which respectivelyaccounted for 45.4% and 36.8% of the total. China remains theleadingclient, with a 23% share, followed by Holland and Spain, withshares of 16% and 9%, respectively. Imports by the state totalledUS$ 422.8 million, growth of 54.6% in comparison with the valuerecorded during the same period in 2007 (US$ 273.4 million). "In theexport basket, purchases of agricultural inputs continue to prevail,and answer to 90% of the accumulated value," says the economicadvisor at FIEMT, Carlos Vitor Timo.