Brazil exports 39.2 million bags of coffee in 2023

Raw Common Coffee Bean

Brazil

Market & Price Trends

Published Jan 16, 2024

Tridge summary

Brazil exported a stable volume of 39.247 million 60kg bags of coffee in 2023, with a 13% decline in foreign exchange revenue compared to the previous year. Delays in shipments were observed throughout the year, mainly due to logistical obstacles affecting the export segment. The United States was the main destination for Brazilian coffee, with China showing a significant increase in coffee consumption and imports from Brazil in 2023.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Brazil exported 39.247 million 60 kg bags of coffee in 2023, a practically stable volume (-0.4%) compared to 2022, when 39.410 million bags were shipped. In foreign exchange revenue, there was a decline of 13% in the annual comparison, with foreign sales totaling US$ 8.041 billion in 2023. The data is contained in the monthly statistical report of the Brazilian Coffee Exporters Council (Cecafé). In December 2023, shipments of the product abroad totaled 4.116 million bags, generating US$800.1 million, which represents an increase of 27.1% in volume and 11.6% in revenue compared to the last month of 2022 . In the first six months of the 2023/24 harvest year, Brazilian coffee exports total 22.993 million bags, an increase of 18.5% compared to that recorded between July and December 2022. In the same period, foreign exchange revenue recorded decline of 2.2%, reaching US$4.488 billion. According to the president of Cecafé, Márcio Ferreira, the performance of shipments last year is ...

Source: Agroemdia