Tridge summary
In April 2020, agricultural exports from 14 Latin American and Caribbean countries saw an 8.5% increase compared to the previous year, as per the Inter-American Institute for Cooperation on Agriculture. Despite a 29.9% decrease in total merchandise exports, the growth in agricultural exports was led by Brazil, Costa Rica, Argentina, Bolivia, and Guatemala. Products like soybeans, sugar, beef, and pork saw the fastest growth, particularly in China's imports. Central America and the Andean countries also saw growth in exports of coffee, bananas, food preparations, palm oil, coffee extracts, tea, herbs, citrus, and vegetables. Compared to other parts of the world, the performance of LAC exports was remarkable, with exports growing positively in Brazil, Costa Rica, Paraguay, and Argentina, but negatively in El Salvador, Chile, and Guatemala in May 2020.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Agricultural exports from 14 countries in Latin America and the Caribbean (LAC) in April 2020 grew 8.5% compared to the same month last year, while shipments abroad of total merchandise fell 29.9%, reported from the Inter-American Institute for Cooperation on Agriculture (IICA). In May, with data available for seven countries in the region, agricultural exports increased 11.1% while total merchandise fell 15.7%. "The countries that showed the highest growth in agricultural exports in April were Brazil (28.9%), Costa Rica (8.2%), Argentina (4.9%), Bolivia (4.9%), and Guatemala (4.7%). On the other hand, the agricultural exports of Peru (41.7%) and Uruguay (16.8%) fell significantly ”, indicates the report of the agency. The fastest growing products in the south are soybeans, sugar and beef and pork, favored by the growth of imports of these products from China. In Central America, exports of coffee, bananas and food preparations grow. In Andean countries palm oil, extracts and ...
Source: SuperCampo
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.