Recent cambial appreciation and the evolution of the brazilian exportations: an empirical analysis

It should be emphasized that, as a consequence of the real appreciation, one would expect a negative effect on foreign sales. The empiric analysis shows that the successive all-time records, that have been seen with regard to export financial volumes, have been mainly due to the higher prices of manufactured goods. However, the picture is different when we look at semi manufactured and basic goods, in which cases the results have shown a loss of price competitivity in world markets, which has probably played a major part in bringing about the slowdown of the quantum exported.