Marcon Logística Portuária

Agribusiness exports up 5% to reach record US $ 59.2 billion by July

Brazilian agribusiness exports rose from US $ 56.39 billion to US $ 59.2 billion between January and July of this year (+ 5%), a record figure for the entire historical series (1997-2018) for the period, according to the Agribusiness Trade Balance Bulletin released by the Secretariat of International Relations of Agribusiness (SRI) of the Ministry of Agriculture, Livestock and Supply (Map) on Thursday (9).

The record was obtained mainly due to the increase in the volume of exports, which increased by 4.3%. The export price index increased by 0.7%.

Agro accounted for 43.4% of total Brazilian foreign sales in the period analyzed. Imports in the sector totaled US $ 8.3 billion in the period (-0.6%). As a result, the trade balance of agribusiness in the first seven months of the year was US $ 50.9 billion.

The soybean complex was the main responsible for the result of foreign sales in the seven months, totaling US $ 27.26 billion (+ 18.5%). Sales of soybeans totaled US $ 22.50 billion (+ 17.2%) and had a 82.5% share of the total value exported by the segment. The amount is a record of the historical series (1997-2018). The 56.47 million tons of soybeans exported are also record for the period.

Soybean meal exports were also record in value and quantity. From January to July, US $ 4.06 billion in soybean meal (+ 30.1%) or the equivalent of 10.3 million tons (+ 17.5%) were sold abroad.

Forest products ranked second among the main agribusiness segments, reaching US $ 8.11 billion, up 27.4%. The main exported product was pulp, with US $ 4.94 billion (+ 40.8%), with a record 9 million tons (+ 11.0%). According to the SRI newsletter, the product comes, year after year, breaking record in external shipments.

Economic Block

Asia increased its share among importers of Brazilian agriculture. In 1997, the continent’s share was 16.1%. In the last ten years, participation has increased, reaching 51.8% in the accumulated of the year (January to July).

China is the main market

The main reason for the increase in exports to China was sales of soybeans. The amount has risen from 39.4 million tonnes to 43.9 million tonnes of soybeans in the period under review.

Soybean’s share of total exports to China reached 80.6%, equivalent to US $ 17.55 billion.

Among the countries importing Brazilian agribusiness products are also Turkey (US $ 954.05 million + 106.5%); South Korea (US $ 1.16 billion + 26.7%); Argentina (US $ 971.47 million + 25.6%); France (US $ 804.44 million + 17.1%); and Hong Kong (US $ 1.51 billion + 16.1%).

The main products exported to Turkey between January and July were: soybeans, with US $ 463.92 million (+ 342.8%) and live cattle, with sales of US $ 240.85 million (+307, 6%).

Check the summary of the agribusiness trade balance.

Source: Comex do Brasil

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08.14.2018

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