Agribusiness exports of Brazil reached a record US$ 8.8 billion in January

Published 2022년 2월 14일

Tridge summary

In January 2022, Brazil's agribusiness exports reached a record high of US$ 8.82 billion, a 57.5% increase from the previous year, driven by a 19% rise in average export prices and a 32.3% increase in volume. The soy complex, including soybeans and soybean oil, dominated these exports, seeing a significant global demand. Meat, especially beef, also saw record exports, with China being the main importer. Wheat exports also increased due to lower domestic demand and a record wheat crop in Brazil. This surge in agribusiness exports increased their share in Brazilian exports from 37.5% to 44.9%.

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Original content

Agribusiness exports reached US$ 8.82 billion, a record value for the months of January, which meant an increase of 57.5% in relation to the US$ 5.60 billion exported in January last year. According to data released by the Secretariat of Commerce and International Relations (SCRI) of the Ministry of Agriculture, Livestock and Supply (Mapa), this strong growth in exported value was influenced both by the expansion of average export prices, which rose 19% in comparison with January 2021, as well as due to the increase in exported volume, which grew 32.3%. With this significant increase, the share of agribusiness in Brazilian exports grew from 37.5% (January/2021) to 44.9% (January/2022). Soy complex – The highlight of January's shipments was the soy complex, with US$ 2.12 billion, a figure 338.3% higher than the US$ 484.07 million exported in January 2021 (+US$ 1.64 billion ). Soy beans registered 2.45 million tons in exports (+4,853.6%), or US$ 1.24 billion (+5,223.9%); record ...

Source: PortalDBO