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Agro exports hit record from January to July 2020

Posted by Marina

Brazilian agribusiness exports reached the mark of US $ 61.2 billion and 131.5 million tons in the accumulated from January to July 2020, a new record for the period. In relation to the first seven months of last year, the growth achieved was 9.2% in value and 17% in the quantity exported.

The analysis of the Confederation of Agriculture and Livestock of Brazil (CNA) is based on data released by the Ministry of Economy. The sector's trade balance registered a surplus of US $ 54 billion, the highest value in history for the period.

The main products exported from January to July were soybeans (US $ 23.8 billion), fresh beef (US $ 4.2 billion), cellulose (US $ 3.6 billion), sugar raw cane (US $ 3.5 billion) and soybean meal (US $ 3.5 billion). These five products represented 62.9% of the Brazilian agro export basket in the period.

China was the main importer of Brazil, being the destination of 39.2% of shipments of agricultural products. The revenue generated from exports to the Asian country was US $ 24 billion in the period. Next came the European Union, where 16% of Brazilian foreign sales went, the United States (6%), Japan (2.1%) and Hong Kong (2%).

July - The month maintained the high level of sales that has been happening in 2020 and recorded a record for exports and the agricultural trade balance for July. While sales abroad amounted to US $ 10 billion, the trade balance was US $ 9 billion. The volume of exports reached 24.4 million tons.

Compared to the month of July 2019, the increase in the value exported in 2020 was 11.7%, while the volume gains reached 19.2%.

The main products exported in the month were soybeans (US $ 3.6 billion), raw cane sugar (US $ 790.5 million), fresh beef (US $ 690.7 million), corn (US $ 662.3 million), and soybean meal (US $ 578.6 million). The five products represented 63.3% of the month's export basket. China was the destination for 38.4% of foreign sales in July.

The highlight of July was the 8.1% increase in sales to Islamic countries over the same month last year. Exports reached US $ 1.7 billion, a value that represented almost 20% of the total exported by the Brazilian agribusiness in July. The best-selling products were sugar and soy. Egypt, Turkey and Iran, the biggest buyers.

Sectors - The Confederation analyzed the performance of sectors such as teas, mate and spices, fruits, dairy products, fish and bee products. These products are at the focus of the Agro.BR project, a partnership with Apex Brasil to support the export of small and medium producers, seek new markets and expand the diversification of the export basket.

For the aggregate of the first seven months of the year, sales of teas, mate and spices reached US $ 203.8 million and increased 19.8% in relation to the same period in 2019, a movement generated, above all, by variations in sales of ginger and black pepper, which increased by $ 15.5 million and $ 10.1 million, respectively.

Brazilian exports of products in this sector registered, in July, a positive variation of 52.8% in relation to the same month of 2019, and represented US $ 30.4 million and 17 thousand tons in exports in July 2020.

Fruits - In the aggregate of the first seven months of the year, the drops in value and volume in fruit exports were US $ 44.8 million and 4.1 thousand tons respectively, which caused sales to reach the US $ mark. 440.1 million in 2020, compared to US $ 485.4 million the previous year.

In July of that year, fruit exports were 15.4% higher in value and 38.4% higher in weight compared to the same month of 2019. The increase was driven by exports of mangoes and apples, which registered a positive variation of US $ 5.3 million and US $ 3.2 million, respectively, in the same comparison.

Dairy - Dairy segment sales increased by 22.8% in value and 21.9% in volume between January and July, driven by the increase in exports of powdered milk, modified milk and cream.

The revenue generated by exports of Brazilian dairy products in July was 50.9% higher than in 2019, totaling US $ 6.7 million.

Fish - Brazilian fish showed a drop in the exported value of US $ 17.8 million in the first seven months of 2020. The total exported was US $ 120.1 million.

In July, the reduction in the exported value was 23.7%, compared to the same period last year. Total sales totaled US $ 29.7 million.

Bee products - The sector recorded an increase of 39.6% in value and 79.3% in weight exported in the comparison between the first seven months of 2020 and 2019. The variation was driven by the increase of US $ 15.2 million in Brazilian honey sales abroad from January to July this year, compared to 2019.

In July, honey registered US $ 11.2 million and beeswax US $ 638 thousand in exports, sales higher than those recorded in the same month of 2019.

Source: Notícias Agrícolas