Agribusiness exports in October 2022 were a record for the month, reaching the figure of US$ 14.25 billion. The value was 61.3% higher compared to what was sold abroad in October 2021.
Exports increased mainly due to the increase in export volume between the periods, which increased by 38.9%. The price index of exported products also rose, with an increase of 16.1% in the period.
The growth in corn shipments was one of the main factors behind the strong increase in exports, with an increase in volume of 301.7% in the period. In the first ten months of the year, the total volume of exported grains reached 134 million tons, or the equivalent of practically half of the Brazilian grain harvest, which was estimated by Conab at 270.9 million tons (2021/2022 harvest). .
In the accumulated result for the year, between January and October 2022, Brazilian agribusiness exports reached a record figure of US$ 136.10 billion, which represented an increase of 33% in comparison with the US$ 102.35 billion exported in the same period in 2021. The sector represented 48.5% of total foreign sales in Brazil in the period.
Imports of agricultural products totaled US$ 1.43 billion in October 2022, 2% higher than what was imported in the same month of the previous year.
Sectors
In October, the soy complex, which is the main export sector of Brazilian agribusiness, exported US$ 3.68 billion (+49.6%), with an increase in export volume (+27.6%) and in international product prices of the sector (+17.2%). The sector’s main export product was soybeans, with a record record for the months of October of US$ 2.49 billion.
Foreign meat sales reached US$ 2.28 billion (+50.8%). The amount was strongly influenced by average export prices, which rose 29.9% in the comparison between the months of October 2022 with October 2021. There was also an expansion in the volume sold, which rose 16.1%.
The cereals, flours and preparations sector had an absolute increase of US$ 1.75 billion in foreign sales, reaching US$ 2.20 billion. The cereal responsible for this increase was corn, which had a record exported volume of 7.2 million tons for the month of October, or an amount 5.4 million tons higher than the volume exported in October 2021.
In the sugar and alcohol complex, foreign sales rose 90.0%, from US$ 927.54 million to US$ 1.76 billion between October 2021 and October 2022. Sugar sales were US$ 1.50 billion ( +81.1%), due to the strong increase in export volume. The forest products sector totaled exports of US$ 1.45 billion (+20.7%).
The five sectors analyzed above were responsible for 79.9% of the total value exported by Brazil in agribusiness products.
Destinations
Asia is the geographical region with the greatest share of Brazilian agribusiness exports. In October 2022, the continent purchased US$ 6.83 billion in Brazilian agribusiness products, which meant a growth of 71.0% compared to the US$ 3.99 billion exported in October 2021. largest commercial partner of Brazilian agribusiness, and in October sales to the Asian country grew 81.8%, reaching US$ 4.06 billion.
Asia and the European Union accounted for 64.2% of the total value exported by Brazil in agribusiness products in October.
Source: Government of Brazil
