At the end of 9 months of 2021, the volume of Russian exports of agricultural products to Brazil more than doubled

Published 2021년 10월 8일

Tridge summary

From January to September 2021, Russia's agricultural exports to Brazil increased twice as much as in the same period in 2020, reaching USD 74.1 million and 184.1 thousand tons, a rise of over 40%. The increase was primarily driven by the supply of flour and cereal products, with significant growth in unroasted malt and wheat gluten exports. Russia's exports of these products placed it among the top three suppliers, following Argentina and Uruguay. The surge in unroasted malt exports is attributed to Brazil's zero import duty on the product until the end of 2021. Additionally, exports of other active yeast and finished products from cereal grain also saw substantial increases. Overall, Russia's agricultural exports to Brazil have improved, rising from the 30th place among all exporting countries in the same period last year to the 19th place in 2021.

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

Original content

According to the statistical portal ComexStat of the Brazilian Ministry of Economy, from January to September 2021, Russia supplied to Brazil agricultural products (customs codes Mercosur 01-24) in the amount of USD 74.1 million, which is 2.2 times more than in the same period 2020, when agricultural products were exported in the amount of US $ 33.3 million. In quantitative terms, exports increased by more than 40%: from 129 thousand tons to 184.1 thousand tons. For the period from January to September 2021, the main drivers of growth of Russian exports to Brazil were the supply of products of the flour and cereals industry and various food products. Thus, the supply of unroasted malt increased almost 6 times in quantitative terms (from 26 thousand tons to 150.3 thousand tons), the supply of wheat gluten increased 3.5 times (from 213 tons to 735.1 tons). In the first 9 months of 2021, Russia exported 151.5 thousand tons of flour and cereal products worth 62.5 million US dollars ...

Source: Aemcx