Agribusiness exports reach record-breaking US$ 59.1 billion
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.