Brazil: São Paulo agricultural exports rise 11% in 2024 and keep São Paulo ahead of Mato Grosso in the sector

Published Nov 12, 2024

Tridge summary

Agribusiness exports from São Paulo increased by 11.2%, reaching US$25.77 billion from January to October 2024. The state led in Brazilian states in exports for the second month in a row, with products such as sugar, meat, orange juice, cellulose, and coffee. The sugar and alcohol complex accounted for 40.7% of São Paulo's agricultural exports, and meat exports made up 11.2% of the total exports. The agricultural sector accounted for 43.6% of São Paulo's exports, helping to reduce the state’s overall foreign trade deficit. Brazilian agribusiness exports grew by 0.3%, reaching US$140.02 billion, or 49.3% of Brazil’s total exports.

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

Original content

Agribusiness exports from the State of São Paulo increased by 11.2% from January to October 2024, to US$25.77 billion, driven by products such as sugar, meat, orange juice, cellulose and coffee, according to data from the Secretariat of Agriculture and Supply provided to Reuters on Tuesday (12). With this result, São Paulo remained the leader among Brazilian states in exports in the sector for the second month in a row, a position normally held by Mato Grosso, the largest producer of grains, cotton and cattle in the country. São Paulo, the largest producer of sugar and orange juice in Brazil, accounted for 18.4% of the national total of agribusiness exports between January and October, while Mato Grosso accounted for 16.9%. The sugar and alcohol complex, with a 40.7% share of São Paulo's agricultural exports, totaled 10.48 billion dollars in the year through October, with sugar representing 93% and ethanol 7.0%, according to a survey conducted by the São Paulo Agency for ...

Source: BRMoneytimes