Brazil Closes Over $670,000 in Deals During Bogotá International Fair (FIB). Estimate Is $2.94 Million for the Coming Years in Industrial Machines and Equipment

Written by Sabrina Moreira Paes

Published on 17/10/2022 at 22:28

Encontro em Feira Internacional de Bogotá trouxe ótimos resultados para o Brasil | Foto: Brazil Machinery Solutions

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Business Round Had 12 Participating Companies and Benefited the Brazilian Machinery and Equipment Sector

The International Fair of Bogotá (FIB) took place from September 26 to 30 in Colombia and brought positive results for Brazil in the industrial machinery and equipment sector. After all, 12 companies participated in the business rounds. Thus, Brazil was able to close deals with a total revenue of US$ 670 thousand.

And the outlook appears to be even more positive for the coming years. Experts indicate that the industrial machinery and equipment sector is expected to generate more than US$ 2.94 million in new business next year. The Brazilian participation in the event is the result of a partnership between ApexBrasil (Brazilian Agency for the Promotion of Exports and Investments) and ABIMAQ (Brazilian Association of Machinery and Equipment Industry). Learn more.

Learn More About the Machinery and Equipment Sector in Brazil with the Video Below

YouTube video — The machinery and equipment sector in Brazil is one of the fastest-growing | Reproduction – YouTube: National Confederation of Industry

During the 105 Meetings That Took Place at the Event, Colombian Companies Estimated US$ 9.36 Million Just for Brazilian Manufacturers

The event in Bogotá had a wide round of 105 meetings with major Brazilian companies in the machinery and equipment segment. Due to the great success of these meetings, companies in Colombia estimated a total of US$ 9.36 million just in business with Brazilian firms.

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Current Business Outlook for the Brazilian Industrial Machinery and Equipment Sector

Colombia has a good history of industrial machinery and equipment business with Brazil. Graphic machinery and equipment were the most imported in 2021, totaling US$ 2.4 million. In the plastic segment, there was a movement of US$ 1.7 million in 2021.

Furthermore, Colombia also imported auxiliary printing machines, which reached an impressive figure of US$ 1.3 million in 2021. In this regard, these imports accounted for a 31.7% share of the market.

Machinery and equipment related to the development of rubber or plastic and derivatives also had significant movement among the countries. A total of US$ 804 thousand was traded in 2021, with a 518% increase compared to the previous year.

However, Colombia is not the only country interested in promoting Brazil’s exports, as the United States also closes large deals with our country. In 2021, the United States imported US$ 2.7 billion, representing 27.1% of the national market. Argentina also had significant negotiations with Brazil, with nearly US$ 900 million transacted in 2021.

In South America, Chile is also a major trading partner in the industrial machinery and equipment sector in Brazil. In 2021, it imported around US$ 570 million in machinery, which is an 82.1% increase compared to the previous year. In Asia, China also brought significant business to Brazil, with US$ 543 million transacted. This figure is 404.9% higher compared to the previous year, 2020.

Brazil Closes Over $670,000 in Deals During Bogotá International Fair (FIB). Estimate Is $2.94 Million for the Coming Years in Industrial Machines and Equipment

Business Round Had 12 Participating Companies and Benefited the Brazilian Machinery and Equipment Sector

Learn More About the Machinery and Equipment Sector in Brazil with the Video Below

During the 105 Meetings That Took Place at the Event, Colombian Companies Estimated US$ 9.36 Million Just for Brazilian Manufacturers

Current Business Outlook for the Brazilian Industrial Machinery and Equipment Sector

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Brazil Closes Over $670,000 in Deals During Bogotá International Fair (FIB). Estimate Is $2.94 Million for the Coming Years in Industrial Machines and Equipment

Business Round Had 12 Participating Companies and Benefited the Brazilian Machinery and Equipment Sector

Learn More About the Machinery and Equipment Sector in Brazil with the Video Below

During the 105 Meetings That Took Place at the Event, Colombian Companies Estimated US$ 9.36 Million Just for Brazilian Manufacturers

Current Business Outlook for the Brazilian Industrial Machinery and Equipment Sector

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Stored for over 100 years, the first underwater tunnel in Latin America receives a decisive boost with a loan of R$ 2.5 billion signed in April and promises to connect Santos and Guarujá, on the coast of São Paulo, in just 5 minutes.

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