São Paulo, Brazil agro exports rise 7.5% and close the quarter with US $ 3.87 billion

In the first quarter of 2021, agribusiness in São Paulo showed an increase of 7.5% in exports, reaching US $ 3.87 billion, and a decrease in imports (-7%), totaling US $ 1.20 billion; with these results, a surplus of US $ 2.67 billion was obtained, 15.6% higher than the same period in 2020, informs the Secretariat of Agriculture and Supply, through the Institute of Agricultural Economics (IEA). In the same period, total exports from the State of São Paulo totaled US $ 10.66 billion and imports, US $ 15.71 billion, registering a trade deficit of US $ 5.05 billion. In relation to last year, there was an increase in exports (5%) and imports (7.8%); this combination of performances resulted in a 14% growth in the deficit in the São Paulo trade balance, say José Alberto Angelo, Marli Dias Mascarenhas Oliveira, Carlos Nabil Ghobril, researchers from the IEA. According to the researchers, the main reason for this increase in the negative balance of São Paulo's external accounts is still ...