Rio de Janeiro Export Revenue Down 15 Percent in 2020, According to FIRJAN

The main reason for the result in exports was the seven percent drop in oil sales, coupled with the impact of the Covid-19 pandemic on economic activity.

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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