Exports of the sugar and alcohol sector in São Paulo, Brazil grew 37.4% between January and April

Published 2021년 5월 28일

Tridge summary

In the first four months of 2021, agribusiness exports from São Paulo saw an 11.6% increase, reaching US$ 5.66 billion, while imports decreased by 4.3% to US$ 1.55 billion, resulting in a surplus of US$4.11 billion. The State of São Paulo's total exports also increased by 17.3% to US$ 15.31 billion, despite imports increasing by 12.4% to US$ 21 billion, leading to a slight increase in the trade deficit. Agribusiness continues to be a significant contributor to the balance of São Paulo, with the Sugar and Alcohol Complex, Soy Complex, Meat, Juices, and Forest Products being the main groups in exports. Brazil's trade balance also showed a positive balance of US$ 18.24 billion from January to April 2021, with agribusiness exports increasing by 19.8%.

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Original content

In the first four months of 2021, agribusiness exports from São Paulo increased by 11.6%, reaching US$ 5.66 billion, while imports suffered a 4.3% reduction, totaling US$ 1.55 billion. With the results, a surplus of US$4.11 billion was obtained, an amount 19.1% higher than the same period in 2020, informs the Secretariat of Agriculture and Supply of the State of São Paulo, through the Institute of Agricultural Economics (IEA /Apt). Total exports from the State of São Paulo, in the period analyzed, also increased (+17.3%), totaling US$ 15.31 billion. It so happens that imports register US$ 21 billion, a value 12.4% higher than that verified in 2020; this combination of performances resulted in a 0.9% increase in the trade deficit, which reached US$ 5.69 billion. → 9 tips you need to know before you start investing in Cryptocurrencies With a 37% share in foreign sales, agribusiness in São Paulo continues to be fundamental for the balance of São Paulo accounts, say José Alberto ...

Source: Moneytimes