Portugal has potential to increase exports to Brazil, study says

25 September 2007

Sao Paulo, Brazil, 25 Sept – Portugal has great potential to increase its exports to Brazil, according to a study to be presented to Portuguese businesspeople in November, the organizers of the event said in Sao Paulo Monday.

The study entitled, “Potential Export of Portuguese Products to Brazil” will be presented during a trade mission promoted by nine Portuguese chambers of commerce in Brazil, between November 11 and 18, in Portugal.

The talks on teh study will be held in Viana do Castelo and Lisbon, followed by business meetings with representatives of the chambers of Bahia, Ceará, Minas Gerais, Pará, Paraná, Pernambuco, Rio de Janeiro, Rio Grande do Sul and São Paulo.

“there is a big potential market for Portuguese products in Brazil,” the chairman of the Portuguese Chamber of Commerce in Ceará, Romulao Alexandre Soares told Portuguese news agency Lusa.

Portuguese exports to Brazil are currently focused on 18 products, which account for 83.3 percent of the total exported between 2004 and 2005, particularly olive oil, which accounts for 24 percent of the total.

Brazilian exports to Portugal are focused on 20 products, mainly crude oil, which totaled US$296.2 million in the period, or around 30 percent of the total.

To analyze the potential growth of Luso-Brazilian exports, the study selected 120 products, divided into 19 groups, corresponding to 13.7 percent of Portuguese exports (US$4.6 billion) and 11 percent of Brazilian imports (US$7.6 billion), in the period in question.

The study showed that Portugal’s main competitors are the other 24 countries of the European Union, followed by the United States, Argentina, China and Japan.

The study carried out the Foreign Trade Foundation of Brazil (Funcex) and was sponsored by the Council of Portuguese Chambers of Commerce in Brazil and by the Portuguese Agency for Foreign Trade and Investment (AICEP). (macauhub)