Brazil: Bahia follows the momentum of exports in the country and agro registers growth

Published Dec 26, 2022

Tridge summary

Brazil's Ministry of Agriculture, Livestock and Supply (Mapa) has reported record-breaking export revenue for November at US$ 12.65 billion, a 51.2% increase from the previous year. Bahia state specifically saw a 31% rise in export revenue to US$ 1.18 billion, driven by a 53.1% increase in the transformation industry and agriculture. Soy was the top export product from Bahia, with sales of US$ 258.9 million, marking a 76% increase from November 2021. The state's economic secretary, Leonardo Bandeira, highlighted the importance of the agricultural sector to Bahia's economy, contributing 25% to the state's GDP.

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

Original content

The release of export data for November in Brazil by the Ministry of Agriculture, Livestock and Supply (Mapa) brought good prospects for the sector across the country. The numbers reached US$ 12.65 billion, surpassing for the first time, for the months of November, the figure of US$ 10 billion. This value was 51.2% higher compared to the same month last year. In Bahia, the results for the month followed the same flow and showed a good performance for agribusiness. According to what was released by the Superintendence of Economic and Social Studies of Bahia (SEI), an agency linked to the Planning Secretariat (Seplan), the state's export revenue in November reached US$ 1.18 billion, rising 31% against the same month from 2021. In the survey by economic activity in Bahia, there was an increase in exports of the transformation industry and agriculture, which registered a growth of 53.1%. Flagship of the northeastern state, soy remained the main export product of the aggregate, with ...

Source: Mercado Do Cacau