Brazil: Agro exports reach US $ 100.8 billion in 2020

Published 2021년 1월 26일

Tridge summary

In 2020, Brazil's agribusiness exports reached $100.8 billion, marking the second highest value in the past decade with a 4.1% increase from the previous year. The country achieved a positive trade balance of $87.8 billion, led by soybeans which accounted for 28.3% of exports and saw a 9.6% increase in revenue from the previous year. Other significant exports included fresh beef, raw cane sugar, cellulose, and soybean meal. China was the top buyer, followed by the European Union and the United States. The report also highlighted the growth in exports of small and medium rural entrepreneurs, with tea, mate, and spices seeing a 14.1% increase, and dairy products showing a 32.8% increase.

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

Original content

Agribusiness exports in 2020 reached US $ 100.8 billion, the second highest value in 10 years and growth of 4.1% in relation to 2019, which guaranteed a positive trade balance for Brazil, with a record balance of US $ 87, 8 billion. The data were compiled by the Confederation of Agriculture and Livestock of Brazil (CNA) based on information from the Ministry of Economy. According to the document, soybeans were the main product on the Brazilian agribusiness export basket in 2020, with a 28.3% share and revenues of US $ 28.6 billion (9.6% more than in 2019). Then, complete the list of the five best-selling products: fresh beef (US $ 7.4 billion), raw cane sugar (US $ 7.4 billion), cellulose (US $ 6 billion) and soybean meal (US $ 5.9 billion). According to the CNA bulletin, China was the main destination for Brazilian agribusiness products, accounting for 33.7% of total foreign sales last year. The items most shipped to the Asian country were soybeans, fresh beef and cellulose. The ...

Source: GrupoCultivar