On-the-Ground Updates

Trade surplus milestone for Brazilian agriculture

Soybean
Rene Barreto
Published Dec 21, 2020
According to CNA (Confederation of Agriculture and Livestock of Brazil), from January to November this 2020, Brazil exported US$ 93.6 billion in agricultural products, registering a new trade surplus milestone of US$ 81.9 billion. This result is 4.9% above the same period last year. Volume wise, the growth was 10.6%, reaching 205 million tonnes.

The leading products were soybean (US$ 28.5 billion); beef (US$ 6.8 billion); vhp sugar (US$ 6.7 billion); wood pulp (US$ 5.6 billion) and soybean meal (US$ 5.5 billion). These five products accounted for 56.7% of the total amount exported in the period. And the main destination markets were China (34.8%), European Union (16.3%) and the USA (6.7%), followed by Japan (2.5%) and South Korea (2.1%).
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