Agribusiness trade balance is record year-to-date

The Brazilian agricultural trade balance recorded a record surplus of US$ 61.5 billion from January to August 2020. Exports totaled, in revenue, US$ US$ 69.6 billion in the first eight months of this year, an increase of 8.3% in compared to the same period in 2019, and 152.4 million tons in volume (an increase of 15.8%).

The data was released by the Brazilian Confederation of Agriculture and Livestock (CNA), based on information from the Ministry of Economy. The most exported products were: soybeans (US$ 25.7 billion); fresh beef (US$ 4.8 billion); raw cane sugar (US$ 4.2 billion); cellulose (US$ 4 billion) and soybean meal (US$ 3.9 billion). These five products represented 61.3% of total shipments in the period.

{module 442}

China was the main destination for Brazilian products from January to August, with revenue of US$ 26.4 billion and a share of 38% of exports. The second market was the European Union, which accounted for 16% of agricultural shipments, which totaled US$ 11.3 billion. Sales to the United States were US$ 4.2 billion, a share of 6.1% of the total. Japan and Hong Kong complete the list of main consumers in 2020.

In monthly performance, exports in August totaled US$ 8.9 billion, closing the month with a positive balance of US$ 8 billion, an increase of 7.8% compared to August 2019. In volume, the total shipped was 22.2 million tons, a variation of 15.4% compared to the same month last year.

The main products exported in the month were soybeans (US$ 2.2 billion), corn (US$ 1 billion), raw cane sugar (US$ 824.3 million), fresh beef (US$ 654.2 million) and soybean meal (US$ 497 million), which accounted for 58.7% of total foreign sales in the month. China, the European Union, the United States, South Korea and Thailand were the main destinations for Brazilian agricultural products.

Source: DATA

READ TOO: 

{module 441}

Facebook
twitter
LinkedIn

Aboissa supports

Stay up to date with news
and the best opportunities in
agribusiness – sign up now!

Asia

Saudi Arabia

Bangladesh

China

singapore

South Korea

United Arab Emirates

Philippines

India

Indonesia

Iraq

Jordan

Lebanon

Malaysia

Oman

qatar

Türkiye

Vietnam

Hong Kong

America

Argentina

Bolivia

Brazil

Canada

Chile

Colombia

Ecuador

U.S

Guatemala

british virgin islands

Mexico

Nicaragua

Panama

Paraguay

Peru

Uruguay

Suriname

Venezuela

Dominican Republic

Costa Rica

Cuba

Africa

South Africa

Algeria

Cameroon

Costa do Marfim

Egypt

Liberia

Morocco

Sierra Leone

Sudan

Kenya

Tunisia

Mauricio Islands

Europe

Albania

Germany

Belgium

Bulgaria

Spain

Finland

France

England

Italy

Lithuania

Poland

Portugal

Russia

Türkiye

Serbia

Sweden

Switzerland

Ukraine

Cyprus

Estonia

Ireland

Romania

Oceania

Australia

New Zealand

Request a quote!

Fill out the form and get support for your business needs.
Our experts are ready to offer customized solutions.

*We are currently not working with intermediaries.

By providing my data, I agree with the Privacy Policy.