São Paulo exporters foresee foreign sales 7.6% higher in 2nd half
DCI
A survey made by the Federation of Industries of the State of São Paulo (Fiesp) with 78 large exporting companies of the State shows that, for the first time this year, the projections for the exportations in the second half are of increase compared to the first six months of 2009. The executives expect growth of 7.6% in the exportations of industrialized products industrialized over the first half, according to the August survey of the "Fiesp Indicator of Industrialized Product Exporting Perspectives". In July, the businesspeople were forecasting a 1.1% fall.
If the estimates of the São Paulo manufacturers are correct, the exportations in the second half of the year will reach US$ 42.119 billion. Although being 7.6% better than in the first half of the year, it will be a 33% fall compared to the result of the second half of 2008, of US$ 63.553 billion. Last year, foreign sales went 13% up in the second half compared to the first one. "Exportations are slowly being resumed and because of that the expectations for the second half have improved", said the manager of the Fiesp Department of Economics, André Rebelo.
Despite the small improvement, the survey indicates the businesspeople expect the exportations to end the year with a 32.2% fall compared to 2008, amounting to US$ 81.260 billion, compared to last year's US$ 119.775 billion. In 2008, exportations increased 13.3% compared to 2007.
Even though the crisis has caused a fall in the sales of most of the industrialized products, some had an opposite behavior. That is the case of refined sugar, whose exportations increased 26.5% in the period between January and August compared to the same period of 2008, and of raw sugar, semi-manufactured product that is part of the list of industrialized products, whose exportations went 64.3% up in the period.