Brazil: São Paulo's trade balance records a deficit of US$ 4.7 million in the 1st quarter

Published 2021년 6월 9일

Tridge summary

In the first quarter of 2021, São Paulo's trade balance showed a deficit of US$ 4,756.4 million, with imports exceeding exports, marking a 7.46% increase from the previous year. The agribusiness sector experienced a 14% decrease in trade balance due to COVID-19 impacts, with main exports being sugar and ethanol, meat, soybeans, juices, and forestry products, primarily to China, the European Union, and the United States. Meanwhile, the imports were dominated by paper, wheat, and palm oil. This deficit situation continues the trend from 2020, despite potential benefits from a devalued dollar for exports.

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

Original content

The trade balance registers imports and exports of goods between countries. In the first quarter of 2021, the state of São Paulo presented a deficit of US$ 4,756.4 million, that is, imports (US$ 15,710.8 million) surpassed exports (US$ 10,954.5 million). Compared to the same period last year, the deficit increased by 7.46%. According to data from the Agricultural Economics Institute (IEA), exports by the agribusiness sector in the state of São Paulo were US$10.66 billion and imports US$15.71 billion. The 14% decrease in the balance of trade of Agribusiness in São Paulo is the result of the complications that the COVID-19 pandemic brought to São Paulo's businesses and industries. Graph - São Paulo trade balance In the first quarter of 2021, the main export sectors were: Sugar and Ethanol (US$1.36 billion, with Sugar representing 86.1% and Alcohol 13.9%); Meat Sector (US$507.23bn, mainly beef with 87.8%); Soybeans (US$438.08m); Juices (US$347.57mn, especially orange, with 97.2%); ...

Source: Avicultura Industrial