Brazil: Meat exports rise and 2021 surplus exceeds US$ 3 billion

Published 2021년 9월 9일

Tridge summary

In August 2021, Mato Grosso do Sul achieved a trade surplus of US$ 3.302 billion, marking a 15.3% increase from the same period last year. This growth is primarily due to a rise in exports and the strengthening of the dollar, with beef, poultry, and pork contributions notably increasing by over 26%, 24.6%, and 45% respectively. Soy beans continue to be the top export, followed by cellulose and gas. Bolivian gas imports have slightly decreased, while China remains the state's main export partner. Importations from the United States have seen a significant uptick by 53%.

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

Original content

The trade balance of Mato Grosso do Sul reached a surplus of US$ 3.302 billion in August 2021. The amount is 15.3% higher than the same period last year and is a result of the increase in exports combined with the rise in the dollar. There was growth in sales of beef, poultry and pork to the foreign market. In August, beef emerged as the third main product in the trade balance, accounting for 12.8% of exports. In terms of sales, the growth in sales to the foreign market exceeds 26% between January and August 2021, compared to the same period last year. Poultry meat appears as the fifth most exported product in the state, with an increase of 24.6% compared to last year. And pork appears in 12th place, with a 45% growth in sales to the foreign market. The data are from the Ministry of Development, Industry and Foreign Trade and analyzed in a Conjuncture Letter prepared by Semagro. Head of Semagro (Department of Environment, Economic Development, Production and Family Agriculture), ...

Source: PortalDBO