Latin American agricultural exports expand 8.5% while total external sales fall 29.9%

Published 2020년 7월 13일

Tridge summary

In April, agricultural exports from 14 Latin American and Caribbean countries increased by 8.5% despite a 29.9% decrease in total external sales due to the pandemic. The report, based on Trade Data Monitor indicators, highlights Brazil, Costa Rica, Argentina, Bolivia, and Guatemala as the countries with the biggest increase in agricultural exports. However, Peru and Uruguay experienced a significant decrease. The products with the highest increase in exports included soybeans, sugar, beef, and pork. The performance of agricultural exports in the first months of the pandemic underscores the region's role in global food availability and generates foreign currency for socioeconomic recovery projects.

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

Original content

(Agraria.pe) Agricultural exports from 14 countries in Latin America and the Caribbean (LAC) increased in value 8.5% year-on-year in April, against a background of a sharp drop of 29.9% in total external sales, while preliminary data from May ratify this trend, indicating that the production and trade of agricultural goods will be one of the engines of economic recovery in the region. The data was analyzed by the specialist from the Center for Strategic Analysis for Agriculture (Caespa) of the Inter-American Institute for Cooperation on Agriculture (IICA), Joaquín Arias, and is based on the indicators of the Trade Data Monitor (www.tradedatamonitor.com ). The countries considered were Argentina, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Mexico, Paraguay, Peru and Uruguay. In May, according to available preliminaries from seven countries, the trend compared to the previous month continued: agricultural exports increased by 11.1%, while ...

Source: Agraria