BRAZIL – During the first eight months of 2023 (8M-2023), Brazilian wood furniture exports decreased by 17.5%, totaling a value of USD 373.70 million compared to the same period in 2022 (8M-2022: USD 453.13 million).
The United Kingdom, as the second largest foreign market, recorded a 12.3% decrease, from USD 35.61 million in 8M-2022 to USD 31.22 million in 8M-2023.
In 8M-2023, Uruguay overtook Chile to become the third largest foreign market for Brazilian wood furniture, with a total of USD 26.24 million, representing an increase of 25.7% compared to 8M-2022 (USD 20.86).
Chile, on the other hand, experienced a significant drop of 26.6%, becoming the fourth largest foreign market with a total of USD 26.11 million in 8M-2023 (8M-2022: USD 35.57 million).
It was followed by Peru, which recorded a total of USD 17.78 million, representing a decrease of 12.6%.
As for the exporting states, Santa Catarina and Rio Grande Do Sul maintained their positions as the main contributors in 8M-2023. Santa Catarina experienced a decrease of 28.5%, from USD 218.23 million in 8M-2022 to USD 156.07 million in the same period of 2023. In contrast, Rio Grande Do Sul experienced a much milder decrease of 6.4%, with exports worth USD 114.94 million in 8M-2023 compared to USD 122.81 million in 8M-2022.
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