Brazil’s exports of hides and skins in September dropped to US$106.9 million, a decrease of 13.1 percent compared to the same month in 2021. The September figure is, however, an increase of 1.5% over August.
The data comes from SECEX (Secretariat of Foreign Trade) of the Ministry of Economy and was analyzed by the Center for the Brazilian Tanning Industry (CICB).
In terms of square meters, 13.0 million were exported in September, down by 3.0% from the same month of 2021, but 4.8% above July, when the total was 12.4 million square meters.
Cumulative exports for the first three quarters of 2022 totaled US$965.2 million in value, down 7.6% compared to the same period in 2021, and 18.8% lower in area, with 108.1 million square meters.
September was stable in export value compared to August, but, it is important keep in mind that it was the month with the highest volume of the year to date, both in terms of area and weight. Despite the stability, the figure was a drop of 13.1% from September 2021, which led the accumulated value index to -7.6% over the same period last year.
Despite the fragile global economic situation, with rising interest rates and the risk of recession in the main global markets, the most critical situation remains in China, says the CICB. The continuing Covid restrictions and uncertainties that still surround the largest market continue to have a significant impact on production flow and the market’s resumption of regular business.