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RIO DE JANEIRO, BRAZIL - From January to May of this year, the state of Rio de Janeiro recorded a 15 percent drop in export revenues, with a negative balance of US$2.4 billion (R$13 billion), according to the June issue of the FIRJAN's (Industry Federation of the State of Rio de Janeiro) Rio Exporta newsletter. In the period, the state totaled US$10.3 billion in exports and US$12.8 billion in imports.

The main reason for the result in exports was the seven percent drop in oil sales, coupled with the impact of the Covid . . .

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