Brazilian exports of the agricultural sector reached record value

Published Jul 21, 2022

Tridge summary

In June 2022, Brazil's agricultural exports reached a record value of US$ 15.71 billion, an increase of 31.2% year-over-year, with a 2.1% rise in export volume. The soy complex was the primary contributor, with foreign sales reaching a high of US$ 8.06 billion, despite a 2.3% drop in imported volume. China was the largest buyer of these exports. Additionally, soy flour exports surpassed US$ 1 billion for the first time, largely due to increased prices and record volumes. The demand for soy flour has surged worldwide due to reduced production of soybeans in South America and the war in Ukraine, which has disrupted sunflower flour exports. The European Union was the top importer of Brazilian soy flour, purchasing US$ 448.26 million worth.

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

Original content

With the price index rising by 28.5% compared to the same month of the previous year, Brazilian exports of the agricultural sector reached a record value in June 2022: US$ 15.71 billion (+31.2% ). There was also an increase of 2.1% in the volume exported. Imports of agribusiness products were US$ 1.53 billion (+19.8%), with an increase of 17.9% in average prices and 1.6% in the amount imported. The soy complex, the main exporting sector of Brazilian agribusiness, reached a record value of US$ 8.06 billion in foreign sales in the month of June (+31.9%), despite the drop in imported volume (-2 .3%), due to the performance of soybeans. China, a traditional importer of Brazilian oilseeds, acquired 64.5% of the exported amount in June, 6.49 million tons (-8.2%). Exports of soy flour, the second main product of the complex, reached US$ 1.20 billion in June (+63.8%). For the first time in the historical series, exports of the product in the months of June surpassed US$ 1 billion. The ...

Source: 3tres3