Trade balance of fruits and vegetables in Brazil

Published 2024년 10월 9일

Tridge summary

In the first eight months of 2024, Brazil's trade balance for fresh fruits and vegetables showed a negative result, a situation that has been unusual since 1997, with the exception of 1997, 1998, and 2014. This occurrence is attributed to the rise in imports, particularly of fruits not commonly grown in Brazil like pears, kiwis, and stone fruits, despite the positive trends in exports. The negative balance is also due to Brazil's status as a net importer of vegetables. However, there is optimism for a positive trade balance by the end of the year, driven by the expectations of strong exports of mango, melon, watermelon, and Tahiti lime, despite the increasing import spending and high purchase volumes of vegetables.

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Original content

The Brazilian trade balance for fresh fruits and vegetables showed negative results in the partial year of 2024 (up to August), a situation considered atypical by the team at the Hortifruti Brasil magazine, linked to the Center for Advanced Studies in Applied Economics (Cepea) at Esalq/USP. Regarding fruits, the Comex Stat data, compiled and analyzed by the Cepea team, reveal that this year's exports, although they have shown good performance for most products, face a greater challenge with imports, which have intensified even in the face of the appreciation of the dollar in relation to the real. This scenario resulted in a significant deficit. Historically, the Comex Stat series, which began in 1997, shows that the trade balance was negative in only three years: 1997, 1998 and 2014, considering the SH08 code, which includes fruits, citrus fruit peels and melons. The Hortifruti Brasil team highlights that the increase in imports is driven by the demand for fruits that are not ...

Source: Portal Do Agronegocio