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CNA: agribusiness records record trade surplus of $ 68.7 billion through September ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀

Posted by Rafael Moro

Brazilian agribusiness exports reached US $ 77.9 billion from January to September this year, an increase of 7.5% compared to the same period last year. Imports totaled US $ 9.2 billion. Thus, agribusiness achieved a record surplus of US $ 68.7 billion for the accumulated nine months, according to the Confederation of Agriculture and Livestock of Brazil (CNA), which compiled the trade balance data of the Ministry of Economy.

In terms of volume, the country shipped 172 million tons, an increase of 14.8% compared to the first nine months of 2019. The main highlights in the export basket were: soybeans (US $ 27.2 billion), fresh beef (US $ 5.4 billion), raw cane sugar (US $ 5 billion), cellulose (US $ 4.5 billion) and soybean meal (US $ 4.5 billion). These product items represented 59.8% of Brazilian agribusiness product shipments in 2020.

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China remains the main destination for Brazilian sales, with 36.8% of the total (revenue of US $ 28.7 billion). Next comes the European Union (16.2% of exports and revenues of US $ 12.6 billion), the United States (6.3% and US $ 4.9 billion in value), Japan (2.3% and US $ 1 , 8 billion) and South Korea (2.1% and $ 1.6 billion).

In terms of monthly performance, Brazilian agribusiness exported US $ 8.6 billion in September, an increase of 4.8% compared to September 2019, generating a trade balance of US $ 7.5 billion. The quantity shipped was 20.6 million tons, an increase of 12.7% over the same month last year.

Soybeans (US $ 1.6 billion), corn (US $ 1.1 billion), raw cane sugar (US $ 888.4 million), fresh beef (US $ 583.1 million) and bran soybeans (US $ 549.9 million) were the most exported products, accounting for 55.4% of total shipments. China was the one that most imported from Brazil, with 27.5% of the total in September.

Source: Notícias Agrícolas