Brazil: Agribusiness trade balance totals US $ 100.81 billion in 2020

Published 2021년 1월 13일

Tridge summary

In 2020, Brazilian agribusiness exports increased by 4.1% to US $ 100.81 billion, while imports decreased by 5.2% to US $ 13.05 billion, leading to a surplus balance of US $ 87.76 billion. Agribusiness accounted for 48% of Brazil's exports. The soy complex was the largest export sector, followed by meats, forest products, sugar and alcohol complex, and cereals. China was the main destination for soybean exports, which increased by 2.2% from 2019 despite a 10.5% drop in exports to the European Union. The agribusiness trade balance decreased by 3.8% in December 2020 due to a reduction in the price and quantum index of exported products.

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

Original content

The trade balance of Brazilian agribusiness exports totaled US $ 100.81 billion in 2020, an increase of 4.1% compared to 2019. Imports of agribusiness products, on the other hand, decreased by 5.2%, reaching US $ 13 , 05 billion. The increase in exports and the fall in imports resulted in a surplus balance of US $ 87.76 billion for the sector. The data are from the bulletin of the Secretariat of Trade and International Relations of the Ministry of Agriculture, Livestock and Supply (Mapa). According to the secretariat, the expansion was the result of a 9.9% increase in quantum (quantity), since the price index fell 5.3%. Also according to the bulletin, agribusiness was responsible for 48% of Brazilian exports in 2020. The five main export sectors of Brazilian agribusiness last year were the soy complex (US $ 35.24 billion and 35%), meats (US $ 17.16 billion and 17%), forest products ($ 11.41 billion and 11.3%), sugar and alcohol complex ($ 9.99 billion and 9.9%) and cereals, flour ...

Source: Odocumento