Philippines takes first place in Brazilian pork exports in 2024

Published Nov 12, 2024

Tridge summary

In October 2024, Brazilian pork exports achieved a record revenue of US$ 313.3 million, marking a 56.4% increase from the previous year. From January to October 2024, there was a 10.7% growth in export volume and a 5.2% rise in revenue compared to the same period in 2023. The Philippines became the leading importer of Brazilian pork, overtaking China, with a 103.3% increase in imports. Other key markets include Chile, Japan, and Hong Kong. Santa Catarina continues to be the top exporting state, showing a significant rise in export volume. This growth reflects a move towards enhanced commercial sustainability for Brazil's pork industry.

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

Original content

In terms of revenue, the balance is a record: a total of US$ 313.3 million in October, surpassing by 56.4% the total achieved in the tenth month of last year, with US$ 200.3 million. In the year (January to October), pork exports accumulated an increase of 10.7% in volumes, reaching 1,121 million tons exported in the first ten months of 2024, against 1,013 million tons in the same period of the previous year. Export revenue in 2024 is also positive, with an increase of 5.2%, totaling US$ 2,482 billion between January and October this year, compared to US$ 2,361 billion in the same period last year. In the survey by destination, the Philippines took first place for the first time in Brazilian pork exports in the year to date, with a total of 206 thousand tons exported between January and October 2024, a balance 103.3% higher than in the same period of the previous year. Next are China, with 199.9 thousand tons (-40.6%), Chile, with 92.5 thousand tons (+33.9%), Hong Kong, with 89.4 ...

Source: EuroMeat