On-the-Ground Update

Brazil balance of trade closed the first half with agricultural surplus of US$ 45.39 billion

Soybean
Innovation & Technology
Rene Barreto
Published Aug 17, 2020
The Brazilian trade balance registered an agribusiness surplus of US$ 45.39 billion during the first semester of 2020. From the total exported volume of US$ 51,63 billion, Soy Complex accounted for US$ 23.93 billion (46.3%), Meat US$ 8.31 billion (16.1%), Forest Products US$ 5.67 billion (11%), Sugar and Alcohol Complex US$ 3.69 billion (7.1%), and Coffee US$ 2.54 billion (4.9%), representing 85.4% of Brazilian sectorial foreign sales.
Among 180 nations, the leading destinations were China with US$ 20.47 billion (39.6%), followed by the European Union with US$ 8.36 billion (16.2%), the USA with US$ 3.04 billion (5.9%), Thailand with US$ 1.06 billion (2.1%) and Japan with US$ 1.03 billion (2%), accounting for 65.8% of the volume.
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