Brazil: Agro exports totaled US$ 13.9 billion in May

Published 2021년 6월 17일

Tridge summary

In May 2021, Brazil's agricultural exports experienced a 33.7% increase compared to the same period in 2020, totaling US$ 13.9 billion, marking the fourth month of consecutive growth in 2021. The total exports revenue from January to May reached US$ 50.2 billion, showing a 21.9% increase compared to the same period in the previous year. The trade surplus for May was US$ 12.7 billion, the highest in the past 12 months. Soy beans were the top export product with a value of US$ 7.3 billion, followed by raw cane sugar. China was the leading destination for these exports, with a 45.8% share. This growth is attributed to the economic recovery and the demand for commodities. The CNA is working on the Agro.BR project to increase the diversity of Brazil's export products, with a notable increase in bee product exports in May. There was also a significant rise in dairy exports and exports in the fruit, fish, and tea, mate, and spices sectors.

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

Original content

Brasília (17/06/2021) – Agro exports totaled US$ 13.9 billion in May this year, a growth of 33.7% over 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. It was the fourth consecutive month of increase in foreign sales in 2021 compared to the same months last year. From January to May, shipments of Brazilian agribusiness products abroad generated revenues of US$ 50.2 billion, an increase of US$ 21.9% compared to the accumulated result for the first five months of last year. The trade surplus in May was US$ 12.7 billion, the highest value in the last 12 months. In the assessment of the CNA, the moment has been favorable for exports, as the economic recovery underway in the world favors commodity prices. "China and the United States are leading the movements that involve high investments that ensure a growing demand for raw materials, which should help to keep their prices ...

Source: Cnabrasil