Brazil: Agribusiness in São Paulo had a positive trade balance of US $ 13.1 billion in 2020

Published 2021년 1월 29일

Tridge summary

In 2020, the São Paulo agribusiness trade balance saw a surplus of US $ 13.10 billion, a 23.9% increase from the previous year, with exports reaching US $ 17.23 billion, a 12.9% rise, and imports decreasing by 11.9% to US $ 4.13 billion. The main exports included sugar and alcohol, meat, soy complex, forest products, and juices, with China, the European Union, and the United States as the top destinations. The government of São Paulo conducted an auction of ICMS credits in February. Overall, São Paulo's exports totaled US $ 42.39 billion, imports were US $ 51.42 billion, resulting in a trade deficit of US $ 9.03 billion.

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Original content

Sugar represented 84.4% of exports from the sugar and alcohol complex in São Paulo (Photo: Ernesto de Souza / Ed. Globo) The São Paulo agribusiness trade balance registered a surplus of US $ 13.10 billion in 2020, an amount 23.9% higher to that obtained in 2019 (US $ 10.57 billion), informs the Secretariat of Agriculture and Supply, through the Institute of Agricultural Economics (IEA). Last year, exports of agribusiness in São Paulo increased by 12.9%, totaling US $ 17.23 billion; while imports dropped 11.9%, totaling US $ 4.13 billion. The main groups in exports were: Sugar and Alcohol Complex (US $ 6.40 billion, of which, sugar represented 84.4% and alcohol 15.6%), Meat (US $ 2.30 billion, in which beef accounted for 87.4%), Soy Complex (US $ 1.91 billion), Forest Products (US $ 1.54 billion, with 49.9% paper and 37.3% cellulose) and Juices (US $ 1.40 billion, of which 96.7% refer to orange juices). These five aggregates represented 78.6% of São Paulo's sectorial external ...

Source: Agroinforme