Brazil: Agro has a record trade balance and exports in 2020

Published 2020년 12월 18일

Tridge summary

From January to November 2020, Brazil's agribusiness trade balance showed a surplus with a record $81.9 billion, and total revenue from foreign sales reached $93.6 billion, marking a 4.9% increase in value and 10.6% increase in volume year-over-year. The main exports included soybeans, fresh beef, raw cane sugar, cellulose, and soybean meal, with China being the primary market. Despite a slight decrease in November, the total volume of sales in this month was 15.8 million tons. The Agro.BR Project, a partnership aimed at boosting small and medium producers' international trade, saw significant growth in exports of tea, mate, spices, bee products, and dairy products.

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

Original content

The Brazilian agribusiness trade balance had a trade surplus and record exports from January to November 2020, according to data from the Ministry of Economy compiled by the Confederation of Agriculture and Livestock of Brazil (CNA). The positive balance recorded was US $ 81.9 billion, while revenue from foreign sales totaled US $ 93.6 billion. In relation to the same period of 2019, exports grew 4.9% in value and 10.6% in volume (204.5 million tons). The main products on the list this year were: soybeans (US $ 28.5 billion), fresh beef (US $ 6.8 billion), raw cane sugar (US $ 6.7 billion), cellulose ( US $ 5.6 billion) and soybean meal (US $ 5.5 billion). These items accounted for 56.7% of foreign sales until last month. As for the markets reached, China remains the main destination for Brazilian agribusiness products, with 34.8% of exports. Following are the European Union (16.3%), the United States (6.7%), Japan (2.5%) and South Korea (2.1%). November - Last month, sales to ...

Source: GrupoCultivar