Petronas enters the market and Texaco makes a return, while Larco, Ale, and SIM vie for top rankings 12/09/2024 The entry of new brands into Brazil’s fuel distribution market, such as Petronas and Texaco—making a comeback after 16 years—along with the accelerated growth of medium-sized distributors, has shifted the balance of power in the sector in 2024. […]
Trade surplus hits $7bn, down 20% year-on-year, as imports outpace exports 12/06/2024 Oil has set a new record in export value for the year through November, becoming Brazil’s top exported product for the first time since the country began tracking trade balance data in 1997. The export of the commodity totaled $42.76 billion over the […]
China’s fifth-largest automaker plans R$5.8bn investment to start production in Brazil 12/06/2024 Automakers setting up operations in Brazil typically begin by establishing dealerships, factory infrastructure, and staff training. GAC, the fifth-largest carmaker in China, is taking a different approach. As it enters the Brazilian market, its first move was to ink partnerships with local universities […]