On-the-Ground Updates

Another yearly trade surplus milestone in Brazil

Soybean
Germany
Italy
Rene Barreto
Published Oct 21, 2020
According to CNA (Confederation of Agriculture and Livestock of Brazil), from January to September this 2020, Brazil exported US$ 77.9 billion in agricultural products, registering a new trade surplus milestone of US$ 68.7 billion. This result is 7.5% above the same period last year. Volume wise, the growth was 14.8%, reaching 172 million tonnes.

The leading products were soybean (US$ 27.2 billion); beef (US$ 5.4 billion); vhp sugar (US$ 5 billion); wood pulp (US$ 4.5 billion) and soybean meal (US$ 4.5 billion). These five products accounted for 59.8% of total amount exported in the period. And the main destination markets were China (36.8%), European Union (16.2%) and the USA (6.3%), followed by Japan (2.3%) and South Korea (2.1%).
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