Business Agricultural exports on the rise of almost 6% surpass $100 bn.

by Editor fleischwirtschaft.com
Wednesday, January 23, 2019
Agribusiness exports reached a nominal record of $101.69 bn.
Photo: Ministry of Agriculture, Brazil
Agribusiness exports reached a nominal record of $101.69 bn.
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Beef Brazil


Agribusiness exports reached a nominal record of $101.69 bn. in 2018, up 5.9% from $96.01 bn. exported in 2017. The previous annual record occurred in 2013, when the country exported $99.93 bn. in products from the sector.

According to the Secretariat of Trade and International Relations of the Ministry of Agriculture, Livestock and Supply (MAPA), sales to China explain the behavior of the agricultural balance. Exports to the country increased $9 bn. The figure exceeds the $5.67 bn. increase registered in the foreign food market as a whole.

The trade in fresh beef, on the other hand, reached a record volume in the historical series started in 1997. Last year, 1.35 mill. t were exported (+12.2%). A total of 322.300 t were sold to China, an increase of 111.100 t compared to 2017.

Agribusiness accounted for 42.4% of total Brazilian foreign sales in the year. Imports of agribusiness recorded a decrease of 0.8%, totaling $14 bn. As a result, the trade balance of the sector was $87.6 bn. (+7.1%).

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