Agro exports hit record in 2020

Published 2020년 6월 22일

Tridge summary

Brazilian agribusiness exports reached a record high of US $ 42 billion from January to May 2020, a 7.9% increase from the same period in 2019. The volume of foreign sales also reached a record 86.8 million tons, a 15.3% increase from the previous year. The main products exported were soybeans, fresh beef, cellulose, fresh chicken meat, and soybean meal. China was the main importer of Brazilian agricultural products. There was also a record performance in May for both agro exports and the trade balance. The exports of tea, mate, and spices in May also reached a record revenue and volume. However, fruit exports in May were lower in value and weight compared to the previous year.

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

Original content

Brasília (06/22/2020) - Brazilian agribusiness exports had a record in the accumulated from January to May 2020 and closed at US $ 42 billion, the highest value ever recorded for the first five months of the year. The result represents an increase of 7.9% in relation to the same period of 2019, according to data from the Ministry of Economy compiled by the Confederation of Agriculture and Livestock of Brazil (CNA). According to the CNA, there were also records in agribusiness foreign sales in volume from January to May, which totaled 86.8 million tons, 15.3% more than in the same period last year, and in the trade surplus, difference between the exports and imports, which was US $ 36.6 billion, surpassing the previous record observed in the first five months of 2018. The main products exported from January to May were soybeans (US $ 16.3 billion), the fresh beef (US $ 2.8 billion), cellulose (US $ 2.6 billion), fresh chicken meat (US $ 2.6 billion) and soybean meal (US $ 2.3 ...

Source: Cnabrasil