Brazil: The growth of agro exports by 26.7% in August was driven by soy and beef

Published 2021년 9월 21일

Tridge summary

In August, Brazil's agricultural exports reached US$ 10.9 billion, a 26.7% increase compared to the same period in 2020, with soy beans being the top product. The country's total foreign sales from January to August amounted to US$ 83.6 billion, marking a 20.7% year-on-year increase. China was the leading destination for these exports. The value of beef exports also hit a record in August. From the second week of September, agricultural exports experienced a 34.9% growth. Throughout the year, the dairy segment also saw a 25.8% increase in shipments. However, the sectors of tea, mate and spices, and fruits experienced a decline of 23.5% and 9.8% respectively.

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

Original content

Exports of agricultural products totaled US$ 10.9 billion in August, an increase of 26.7% over the same period in 2020, according to an analysis by the Confederation of Agriculture and Livestock of Brazil (CNA) based on Ministry data of the Economy. The recovery of global economic activity, as countries advance in their vaccination plans, and the improvement in investor and consumer expectations are considered the main factors in the upward movement. Soy beans were the main item in the export basket in August, with a share of 28.8% and revenues of US$ 3.1 billion (Photo: Paulo Whitaker/REUTERS) From January to August 2021, the sector's foreign sales totaled US$ 83.6 billion, an increase of 20.7% compared to the same period last year. With a surplus of US$9.6 billion in the agricultural trade balance in August, Brazil's total balance was positive by US$7.6 billion. Soy beans were the main item in the export basket in August, with a share of 28.8% and revenues of US$ 3.1 billion – ...

Source: Agroinforme