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Brazilian agribusiness has exports of US$ 11.3 billion in July

Posted by Rafael Moro

Image: Pixabay

Agricultural exports in July this year were US$ 11.3 billion, a growth of 15.8% compared to the same period in 2020, according to an analysis by the Confederation of Agriculture and Livestock of Brazil (CNA) based on data from the Ministry of Economy.

“It is noteworthy that commodity prices continue their recovery trend, with most products surpassing the level of pre-pandemic prices”, explains the CNA.

The agricultural trade surplus last month was US$ 10.1 billion. From January to July 2021, the sector's foreign sales reached US$ 72.7 billion, 19.9% ​​more compared to the same period in 2020.

Soy in grains led the Brazilian agricultural export basket in July, accounting for 35.3% of the total and revenues of US$ 4.0 billion (an increase of 15.3% over the same period in 2020). The second was fresh beef, with growth of 30.6% compared to July last year and sales of US$ 902.6 million.

China was the main destination for Brazilian exports in July, accounting for 35.2% of the total and the highlight being shipments of soy in grains, in natura beef, cellulose, raw cane sugar and in natura chicken meat.

Then came the European Union, with a share of 15%, followed by the United States (7.4%). Complete the list of the ten main markets for agro products: Thailand (2.9%); Japan (2.4%); Vietnam (2.3%); Iran (2.2%); Mexico (1.8%); Indonesia (1.8%); and South Korea (1.7%).

*Agro.BR* – CNA also analyzed the priority sectors of the Agro.BR Project, carried out in partnership with Apex Brasil to increase the offer of Brazilian agro products in foreign trade and promote the diversification of the Brazilian export basket.

The greatest growth in exports in July was observed in fish, which had an increase of 52.4% compared to the same period in 2020, reaching revenue of US$ 45.8 million, with an emphasis on frozen lobsters. The United States was the destination of 66.2% of Brazilian fish shipments.

In the dairy sector, there was a 29.6% increase in exports in July this year compared to the same month last year, and shipments reached US$ 8.7 million. Algeria, Venezuela, Philippines, Argentina and Paraguay accounted for 60.4% of Brazilian foreign sales.

There was also growth, in July 2021 compared to the same period in 2020, in exports of fruits (8.9%) and tea, mate and spices (3.3%).

Source: Notícias Agrícolas

This text was automatically translated from Portuguese.