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Brazilian Agricultural Exports Grow 17.5% in 2020

01 June 2020

Brazilian agricultural exports grew by 17.5% in the first four months of 2020, compared to the same period last year. Asian market now represents 47.7% of total exports, according to the Brazilian goverment.

Despite the pandemic of the new coronavirus, the share of agribusiness in total exports went from 18.7% in 2019 to 22.9% in 2020. There was an increase in exports to Asia, especially China. 

The data released by the Ministry of Economy showed that in April of this year, Brazilian exports totaled US $ 18.312 billion, and imports, US $ 11.611 billion, with a positive balance of US $ 6.702 billion and a trade flow of US $ 29.923 billion.

Some products broke historical monthly export records in April, such as soybeans, with 16.3 million tons; soybean meal, with 1.7 million tons; fresh, chilled or frozen beef, with 116 thousand tons; pork meat, with 63 thousand tons and raw cotton, with 91 thousand tons. Products such as wheat, rye and unground corn, except sweet corn, unroasted coffee, live animals, fruits and nuts, fell.

Asia

Brazilian exports (from all sectors) to Asia rose 15.5% in the first four months of the year, compared to the same period in 2020. The Asian market now represents 47.2% of our total exports.

Despite the impact of the pandemic on the Chinese economy, Brazilian exports to China grew 11.3% in the period, with emphasis on soy (+ 28.5%), fresh, chilled or frozen beef (+ 85.9% ), fresh, chilled or frozen pork (+ 153.5%) and raw cotton (+ 79%).

The figures for the first four months show that, in dollars, China bought three times the amount imported from the United States from Brazil and twice the amount demanded by the European Union.

TheCattleSite News Desk



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