Brazil: São Paulo agribusiness trade balance has a surplus in 2020

Published 2021년 1월 29일

Tridge summary

In 2020, São Paulo's agribusiness exports saw a 12.9% increase, amounting to US $ 17.23 billion, while imports decreased by 11.9% to US $ 4.13 billion. This resulted in a surplus of US $ 13.10 billion, a 23.9% increase from 2019. The state's main exports included sugar and alcohol, meat, soy complex, forest products, and juices, accounting for 78.6% of total exports. China was the top destination for these exports. The pandemic significantly impacted total exports (US $ 42.39 billion) and imports (US $ 51.42 billion), leading to a trade deficit of US $ 9.03 billion. The main imports included soybeans, crude oil, and machinery.

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

Original content

Exports of agribusiness in São Paulo increased by 12.9% last year and totaled US $ 17.23 billion. Imports, on the other hand, decreased 11.9%, totaling US $ 4.13 billion. As a result, the sector's surplus in the state reached US $ 13.10 billion, an amount 23.9% higher than that obtained in 2019, informed the Secretariat of Agriculture and Supply, through the Institute of Agricultural Economics (IEA). The main groups in São Paulo exports were: sugar and alcohol complex (US $ 6.4 billion, with sugar representing 84.4% of the total, and ethanol, 15.6%), meat (US $ 2.3 billion, in that beef accounted for 87.4%), soy complex (US $ 1.91 billion), forest products (US $ 1.54 billion, with 49.9% paper and 37.3% cellulose) and juices (US $ 1.4 billion, of which 96.7% refer to orange juices). These five aggregates represented 78.6% of São Paulo's sectorial external sales. Total State exports in the period totaled US $ 42.39 billion and imports, US $ 51.42 billion, recording a trade deficit ...

Source: Milkpoint