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Agribusiness exports reach record-breaking US$ 59.1 billion

FOREIGN TRADE

Amount refers to period between January and July and represents a 5% hike vis-à-vis last year
by published: Aug 10, 2018 05:38 PM last modified: Aug 10, 2018 05:38 PM
Tony Oliveira/CNA

Brazilian agribusiness exports broke the record for the January-July period. Data from the Ministry of Agriculture, Livestock and Food Supply show that foreign sales reached US$ 59.1 billion in the period, 5% higher than the figure recorded last year.

With such a performance, agribusiness products accounted for 43.4% of exports up to now. Meanwhile, imports in the sector fell 0.6%, reaching US$ 8.3 billion. The difference between exports and purchases abroad have left the sector's trade balance positive at US$ 50.9 billion.

Soybean complex was the period's main performance driver, with sales reaching US$ 27.26 billion, figure 18.5% higher that the one registered in the first seven months of 2017. Soybean grain alone stood at US$22.5 billion (+17.2%) - a record high. In total, 56.47 million tonnes were sold, the highest ever in the time series.

Soybean meal exports also hit record high: sales reached US$ 4.06 billion (+30.1%), with volume reaching 10.3 million tonnes (+17.5%). Forest products scooped up second place in sales: US$ 8.11 billion, a 27.4% increase.

Assunto(s): Agronegócio