CNA: Agribusiness exports up 26.7% to US$10.9 billion in August – poca Negócios

CNA: Agribusiness exports up 26.7% to US$10.9 billion in August - poca Negócios

Soybeans were the main item in the export basket in August (Photo: (Photo: Pexels))

Brazil’s agribusiness exported US$10.9 billion in August this year, representing an increase of 26.7% compared to the same month in 2020. The survey, conducted by the Confederation of Agriculture and Livestock (CNA) of Brazil, is based on data from the Ministry of Economy. Released on Tuesday.

With imports of US$1.3 billion, the region had a trade surplus of US$9.6 billion in August. Accumulated from January to August 2021, the region’s overseas sales already totaled US$83.6 billion, an increase of 20.7% over the previous same period. Year. The balance of agribusiness in Brazil is positive at US$7.6 billion during this period.

According to the CNA, “improving world economic activity, as countries move forward in their vaccination plans, and improving investor and consumer expectations are believed to be the main drivers of the upward move”.

Soybeans were the main item in the export basket in August, with a share of 28.8% and revenue of US$ 3.1 billion, an increase of 52.5% compared to the same month in 2020. Natura is the second best-selling product in beef overseas. , reached US$ 1 billion, an increase of 57.7% compared to August of the previous year.

China was once again the main destination for agribusiness exports. In August 2021, the Asian country’s total share was 34.9%, with a highlight on soybeans, Natura beef, raw cane sugar, cellulose and Natura chicken meat.

The European Union was the second main destination, accounting for 15.4% of shipments, followed by the United States at 7.4%. Complete the list of top ten destinations: Iran (2.5%); Thailand (2.3%); Japan (2.0%); Chile (1.8%); South Korea (1.8%); Saudi Arabia (1.5%); and Turkey (1.4%).

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Agro.BR Project

CNA also analyzed the priority areas of the Agro.BR project, carried out in partnership with Apex-Brasil, to increase the offering of Brazilian agricultural products in foreign trade and to promote the diversification of Brazil’s export basket.

The biggest growth in the month of August was seen in the fish sector, which grew by 39.1% over the same period in 2020, reaching a revenue of US$ 45 million with an emphasis on frozen lobster (US$ 20.7 million) . . The dairy sector also registered an increase in exports.

In August 2021, shipments totaled US$ 8.1 million, an increase of 25.8% over the same month of the previous year. The main products were powdered milk (US$2.7 million), cheese (US$1.8 million), cream (US$1.1 million), condensed milk (US$1.0 million) and modified milk (US$470.2 thousand).

The tea, mate and spices and fruits sectors accounted for 23.5% and 9.8% more exports in August this year as compared to the previous August. Only bee products showed a decrease as compared to the previous year (-9.9%).

About the author: Sarah Gracie

Sarahis a reporter covering Amazon. She previously covered tech and transportation, and she broke stories on Uber's finances, self-driving car program, and cultural crisis. Before that, she covered cybersecurity in finance. Sarah's work has appeared in The Wall Street Journal, Bloomberg, Politico, and the Houston Chronicle.

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