Agribusiness exports from São Paulo, Brazil rose 7.5% and closed the quarter with US$ 3.87 billion

Published 2021년 4월 28일

Tridge summary

In the first quarter of 2021, São Paulo's agribusiness exports increased by 7.5%, reaching US $ 3.87 billion, while imports decreased by 7%, resulting in a surplus of US $ 2.67 billion, a 15.6% increase from the same period in 2020. The main export groups were the Sugar and Alcohol Complex, meat, soy complex, juices, and forest products. China, the European Union, and the United States were the main destination countries. However, the Covid-19 pandemic has led to a trade deficit due to increased imports of technological goods, medicines, and diesel engine automobiles. Meanwhile, Brazil's trade balance showed a positive balance of US $ 7.91 billion, with agribusiness exports increasing by 11.9%, contributing to a surplus of US $ 19.67 billion.

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

Original content

The 41% increase in values and 34% in volume of the Sugar and Alcohol Complex, the main export group in São Paulo, are mainly responsible for this result. In the first quarter of 2021, agribusiness in São Paulo showed an increase of 7.5% in exports, reaching US $ 3.87 billion, and a decrease in imports (-7%), totaling US $ 1.20 billion; with these results, a surplus of US $ 2.67 billion was obtained, 15.6% higher than the same period in 2020, informs the Secretariat of Agriculture and Supply, through the Instituto de Economia Agrýcola (IEA). In the same period, total exports from the State of Sýo Paulo totaled US $ 10.66 billion and imports, US $ 15.71 billion, recording a trade deficit of US $ 5.05 billion. In relation to last year, there was an increase in exports (5%) and imports (7.8%); this set of performances resulted in a 14% growth in the deficit in the balance of the paulista trade balance, say Josý Alberto Angelo, Marli Dias Mascarenhas Oliveira, Carlos Nabil ...

Source: Ovosite