RIO DE JANEIRO, BRAZIL - For the first time in forty years, basic products accounted for over half of Brazilian sales abroad.
The result, obtained in 2019, was disclosed by the Ministry of Economy. Last year, exports totaled US$224.018 billion, of which US$118.180 billion (52.75 percent) were basic goods. In 2018, the figure was 49.81 percent.
Products classified as basic are those that do not have technology involved or finishing, such as minerals, fruits, grains and meat.
According to the Ministry of Economy, exports of basic goods dropped two percent last year, while foreign sales . . .