Brazil is a major producer and exporter of food, especially beef and corn. The country is the second largest beef producer globally, with China, the US, Chile, Hong Kong, and the UAE as the main buyers. Beef exports are expected to increase by 3.5 million tons by 2024. Brazil is also the largest corn exporter in the world and the third largest producer. Corn exports exceeded US$13.4 billion in 2023, with over US$1.6 billion exported by March of the same year. The country exported corn to more than 120 countries in 2023, with China being the main importer.