Covid-19 vaccine imports boost foreign industrial inputs in Brazil
Sep, 20, 2021 Posted by Ruth HollardWeek 202137
Vaccines, as well as metals and raw materials for fertilizers, helped boost industrial input imports in 2021, compared to the pre-pandemic period. Imports within this category rose from being 34.7% of total imports between January-August 2019, to 39.8% in the same period this year.
Inputs from this category generated US$ 54.4 billion during the 8-month period, which is US$ 10.8 billion more than the same period two years ago. In vaccines alone, including Covid vaccines, an additional US$ 1.39 billion was generated during this period.
According to analysts, the rise in imports of inputs does not point to a structural change. In addition to the cyclical aspect of vaccines, the increase in imports of inputs may due to higher prices, shocks that resulted in unusual replacement of stocks and trade diversion in response to logistical and production bottlenecks. Livio Ribeiro, a researcher at the Brazilian Institute of Economics at the Getulio Vargas Foundation (FGV Ibre), highlights that there are several changes in logistical chains. “This conspires to produce unusual results that may simply be a spike in a very peculiar situation that we are still experiencing.”
Source: Valor Econômico
To read the full original article, visit the link:
https://valor.globo.com/brasil/noticia/2021/09/20/vacina-turbina-compra-de-insumio-industrial-estrangeiro.ghtml
-
Ports and Terminals
Jan, 18, 2023
0
Police seize 290 kg of cocaine in São Paulo’s Port of Santos
-
Trade Regulations
Sep, 29, 2023
0
Brazil takes action to ease bureaucracy for exports under Proex program
-
Other Cargo
Dec, 20, 2022
0
Klabin Port Terminal (PAR-01) goes operational in Paranaguá
-
Other Logistics
Jan, 15, 2024
0
Mirim Lagoon Waterway on Track for 2025, States Uruguayan Official