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Agricultural exports in Brazil reach US $ 5.67 billion in January

Posted by Guilherme Bezzarro

Image: Pixabay

Brazilian agribusiness exports totaled US$ 5.67 billion in January this year, down 1.3% in relation to the same period last year. The volume shipped abroad was 10.16 million tons. The trade balance had a surplus (positive balance) of US$ 4.4 billion.

According to data from the analysis of the Confederation of Agriculture and Livestock of Brazil (CNA) based on data from the Ministry of Economy, the main product on the export basket last month was raw cane sugar, which had a 9.5% share total foreign sales and reached revenue of US$ 537.1 million, growth of 35.6% in relation to the same period in 2020. The increase is justified by the fall in the sugarcane harvest in Thailand, the main competitor of Brazil in the world market for this item.

Corn was the second most prominent product, with an increase of 42.5% compared to January of last year, reaching exports of US$ 499.9 million in the first month of 2021. Completing the list of the five most sold items we have beef in natura, green coffee and soybean meal. Last month, 51.8% of Brazilian agribusiness exports went to ten main destinations. The largest share was from the European Union, with 16.9%. China was in second position, with 16.7%, and the United States had a share of 9.2% of total foreign sales. Highlight for the participation of other Asian countries, such as Indonesia (5.1%), Vietnam (3.1%), South Korea (2.8%) and Bangladesh (2.4%).

According to an analysis by the CNA, exports to China, Brazil's main trading partner in 2020, fell 36.2% in January this year compared to the same period last year, mainly due to the reduction in soybean sales. The Asian country significantly increased product purchases last year and expanded its inventories. January is also usually a time when oilseed shipments occur in smaller quantities, as harvests are still in the early stages and the first maturity of soy contracts takes place only in March.

This text was automatically translated from Portuguese.

By: Aline Merladete | Agrolink