Exchange devaluation does not raise exports immediately

The National Confederation of Industry (CNI) announced today (Aug. 14) that Brazilian exports have gradually reacted to the devaluation of the Brazilian currency. However, it was not an expressive reaction. The evaluation is based on export rate, which measures the amount intended for export in industrial production. In the second quarter, compared to this year's first quarter, a rise of 0.6 percentage points was recorded. 

Data is in the study of Coefficients of Trade Liberalization, prepared by the CNI, in partnership with the Foreign Trade Studies Center Foundation (Funcex).

According to the study, stimulating exports, represented by the devaluation of real and the rise in dollar, does not mean an automatic increase in sales abroad. "The rise in the amount of exports takes time, because of the difficulties inherent in the entry into new markets," the study reads.

Translated by Amarílis Anchieta