Latin American agricultural exports grew 8.5% in April

Published 2020년 7월 20일

Tridge summary

Latin American agricultural exports experienced an 8.5% increase in April compared to the previous year, as total exports for the region dropped by 29.9%. This trend is expected to continue into May, with preliminary data showing an 11.1% rise in agricultural exports in May while total goods exports decreased by 15.7%. The highest increases in agricultural exports were seen in Brazil, Costa Rica, Argentina, Bolivia, and Guatemala, with the most significant growth in soybeans, sugar, beef, and pork. However, exports from Peru and Uruguay saw significant decreases. The growth in agricultural exports is seen as a key driver of economic recovery in the region.

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Original content

The agricultural exports of the Latin American countries grew 8.5% in value during April in their year-on-year comparison and it is expected that in May the growing trend will continue, in a framework where the total exports of the region fell by 29.9%. “Agricultural exports from 14 countries in Latin America and the Caribbean increased in dollars by 8.5% year-on-year in April, within the framework of a deep drop of 29.9% in total external sales,” remarked the Inter-American Institute for Agricultural Cooperation (IICA). Meanwhile, he stressed that “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 countries considered for the statistic were Argentina, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Mexico, Paraguay, Peru and Uruguay. In May, according to preliminary data available from seven countries, the trend ...

Source: Agropages