Brazil: Sector exports reach US$ 6.5 billion in February

Published Mar 16, 2021

Tridge summary

Brazil's agribusiness exports in February reached US $ 6.5 billion, an increase of 2.8% from the previous year, as reported by the Confederation of Agriculture and Livestock of Brazil (CNA). The trade surplus for the month was US $ 5.2 billion. The primary exports included soybeans, followed by fresh chicken meat, corn, refined sugar, and soybean oil. The most significant increases in exports were seen in corn, refined sugar, and soybean oil compared to the previous year. China, the European Union, and the United States were the main export destinations. There was also a notable growth in Brazilian exports of agribusiness products to Indonesia and Turkey in February.

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

Original content

Porto Alegre, March 16, 2021 - Agribusiness exports in February totaled US $ 6.5 billion, an increase of 2.8% in relation to the same period in 2020, according to an analysis by the Confederation of Agriculture and Livestock of Brazil (CNA) , made with data from the Ministry of Economy. The agribusiness trade surplus was US $ 5.2 billion last month. In the accumulated result for January and February, foreign sales reached US $ 12.1 billion. The main product of the Brazilian agribusiness export basket in February was soybeans, with a 17.5% share of total revenue and a value of US $ 1.1 billion, although it fell by 33.1% in relation to the same last year, reflected in the delay in the harvest due to the high volume of rains, which negatively impacted shipments in February. Fresh chicken meat, the second main item in exports in February, fell by 6.9% last month compared to February 2020 and reached exports of US $ 488.0 million. However, CNA points out in a Technical Communication, ...

Source: Safras