Brazil: Agribusiness exports in March reach record for the month

Published 2021년 4월 20일

Tridge summary

In March 2021, Brazil's agribusiness exports reached a record $11.6 billion, a 28.6% increase from the previous year, driven by the shipment of soybeans and beef, particularly to China. This resulted in a trade surplus of $10.2 billion, the highest in the past 12 months. Other products like ethyl alcohol, cotton, and fresh pork also saw significant increases in exports. The European Union and the United States were the second and third largest markets, following China. The Agro.BR project aims to boost the international presence of small and medium producers, with all surveyed products experiencing an increase in exports.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Brasília (04/20/2021) - Agribusiness exports reached US $ 11.6 billion in March, a record amount for the month and which represents an increase of 28.6% in relation to the same period in 2020, according to an analysis by the Confederation of Agriculture and Livestock of Brazil (CNA) based on data from the Ministry of Economy. Accumulated from January to March, foreign sales totaled US $ 23.5 billion. The monthly trade balance (exports - imports) registered a surplus of US $ 10.2 billion, the best result in 12 months. The main product on the export basket was soybeans, which reached revenues of US $ 5.4 billion, an expansion of 43.1% in comparison with March last year. "The advance of harvests that were delayed in the first two months of the year and affected shipments in the period was the main factor behind the expressive increase compared to the same month of 2020", explains the CNA in a Technical Communication. The shipment of soybeans accounted for 46.3% of the total exports ...

Source: Cnabrasil