Brazil's beef exports hit record high in 2024, China remains the largest buyer

Brazil's EXAME magazine reported that according to data compiled by the Brazilian Meat Export Industry Association (Abiec) from the Brazilian Ministry of Development, Industry, Trade and Services (MDIC), beef exports generated revenues of $12.8 billion, a 22% increase from 2023 revenues. According to the organization, the industry is crucial to Brazil's trade surplus, which reached $74.6 billion last year. Roberto Perosa, chairman of Abiec, said: Perosa said: "Although it is too early to make predictions, I believe that both the volume and value of exports in 2025 will break historical records." According to Abiec, mainland China is the main destination for Brazilian beef in 2024, with exports reaching 1.33 million tons and revenues of $6 billion. The United States ranks second with imports of 229,000 tons and revenues of $1.35 billion. Other major markets include: the United Arab Emirates, which purchased 132,000 tons and revenues of $604 million; the European Union, which ...