Brazilian auto exports are set to plunge by double digits in 2023 when compared with the previous year, automaker association Anfavea said on Friday, as a severe economic crisis in neighboring Argentina hits shipments to that country.
The association said in a statement it now projects exports to fall 12.7% in 2023 to 420,000 vehicles, a major cut from its previous estimate of a 2.9% drop in the period.
According to Anfavea, the crisis in Argentina caused the country - which has in Brazil its largest trade partner - to lose its position as the No.1 destination of Brazilian auto exports to Mexico this year.that saw annual inflation hit more than 120% in 2023. Its net central bank reserves are negative and the government was forced to devalue the peso by 20% in August.
In addition to the Argentine crisis, the association said, market shares lost in other countries such as Chile and Colombia also affected Brazil's shipments.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Top Fall 2023 / Winter 2024 Bag Trends 2023 / 2024 » Fashion AllureLatest Fashion Trends, Shoes and Accessories, Celebrity Style
Lire la suite »
Top Fall 2023 / Winter 2024 Fashion Must-Haves 2023 / 2024 » Fashion AllureLatest Fashion Trends, Shoes and Accessories, Celebrity Style
Lire la suite »
CFO Stratech 2023 Middle East | Dubai, September 21, 2023After the resounding success of twelve consecutive CFO events, we are poised to raise the bar even higher. Welcome to the CFO Stratech 2023 ME, an exclusive, invitation-only gathering that unites the brightest minds in business and finance. This event is more than a conference; it\u0027s a nexus of brilliance, a platform where C-level Executives and Financial Leaders converge to engage in profound discussions and establish invaluable connections.Theme: Learn, Leverage, LeadThe core ethos of CFO Stratech 2023 ME revolves around \u0027Learn, Leverage, Lead\u0027. We understand the evolving landscape of financial leadership, where data is the linchpin of informed decision-making. This conference is tailored for CFOs who not only appreciate the power of data but also embrace strategies and technology to enhance visibility and control across their organizations.Navigating the Digital FrontierIn today\u0027s fast-paced business environment, staying ahead of emerging trends and prioritizing digital transformation is not just a strategic advantage, it\u0027s a necessity. CFOs need to be equipped to meet rising expectations, providing pertinent data and timely insights that drive organizational success. CFO Stratech 2023 ME is crafted to provide a platform for precisely this - a space where financial leaders can immerse themselves in cutting-edge insights and actionable strategies.The event will take place in Dubai, on September 21, 2023.TopicsDigital CFO : Objectifying the Digital Business StrategyCFO : CIO CollaborationAdoption of Advanced TechnologiesTranslating Data into IntelligenceImpacting Working Capital via Spend ManagementUpskilling the Finance FunctionWhy attendExpert insights: Learn from proven business leaders sharing real world insights, best practices and success storiesEvaluate: Glean from the discussions to evaluate your current capabilities \u0026 collaborate with suppliers \u0026 technology partnersNetworking: Connect with like-minded digital peers from a
Lire la suite »
Unprecedented Temperature Anomalies in 2023 — Hottest Year On RecordUnprecedented temperature anomalies; 2023 on track to be the warmest year on record Copernicus climate bulletins reports
Lire la suite »
Seahawks 2023 offseason tracker: Free agency news, coaching changes, moreEverything you need to know about NFL free agency and the Seahawks 2023 offseason.
Lire la suite »
Stars Dazzle On The Red Carpet At 2023 Busan International Film Festival Opening CeremonyStars Dazzle On The Red Carpet At 2023 Busan International Film Festival Opening Ceremony
Lire la suite »