Brazilian agribusiness sector stands out in exports to Canada in 2020

Published 2021년 2월 24일

Tridge summary

In 2020, Brazilian exports to Canada saw a 25% increase in total value compared to the previous year, reaching US $ 4.2 billion, as per the Brazil-Canada Chamber of Commerce (CCBC). The agribusiness sector was the most significant contributor to this growth. Notable increases were seen in the exports of peeled peanuts, other cane sugars, and cocoa and its preparations. The success of Brazilian peanuts is credited to the Pro-Amendoim Program, which has focused on quality certifications. The currency devaluation, reduced oil prices, and the pandemic's impact on ethanol production also played a role in boosting the performance of other export categories.

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

Original content

Despite the economic crisis caused by the pandemic, Brazilian exports to Canada had a positive balance in 2020: a 25% increase in the total value compared to the previous year, reaching US $ 4.2 billion. The figures are from the Quick Trade Facts analysis, carried out by the Brazil-Canada Chamber of Commerce (CCBC) based on the Comex Stat survey by the Ministry of Industry, Foreign Trade and Services. Among the sectors that sold the most to the Canadian market last year is agribusiness. The item of greatest prominence in percentage of growth was the “peeled peanuts, even crushed”, with revenues of US $ 7.3 million, an increase of 2174% compared to 2019. “According to the Brazilian Association of the Chocolate Industry, Amendoim e Balas (ABICAB), the Pro-Amendoim Program, which celebrated 20 years of existence, focused on changes in the production chain and developed frequent monitoring to guarantee certifications, making Brazilian peanuts a successful case and world reference in ...

Source: NoticiasAgricolas