Brazilian agricultural exports reach US$ 14.2 billion in July


Brazilian agribusiness continues on a positive growth trend. In July, exports hit US$ 14.2 billion, which represents a 26.3% increase compared to the same period in 2021. This result represents a surplus of US$ 5.4 billion in the agricultural trade balance.

That month, the main product in our agribusiness export line was soybean, with a share of 33.1% and US$ 4.7 billion worth, which represents an increase of 18.2% compared to the same period in 2021. The second main export product was corn, which showed a 189.7% increase compared to July 2021 and US$ 1.1 billion worth. Fresh beef, sugarcane, and soybean bran complete the list of the most exported products.

Our main export destination in July 2022 was China, with a share of 34.2%, followed by the European Union (EU) (14.8%) and the United States (5.5%). Other countries also had remarkable participation: Iran (3.7%), Japan (2.8%), Thailand (2.5%), Saudi Arabia (2.3%), South Korea (2.1%), Indonesia (1.9%), and the United Arab Emirates (UAE) (1.9%).

Some destination countries showed a significant performance in July 2022 compared to July 2021. Among these, the highlights are Saudi Arabia (+138.1%), driven by the exports of fresh chicken meat (an increase of US$ 52.7 million); and the UAE (+127.1%), driven by raw sugarcane exports (an increase of US$ 69 million).

Trade balance highlight

Brazilian beekeeping products exports showed a relevant increase this month: 59.8% in comparison with the value exported in July 2021. Year-to-date until July 2022, 67.8% of the sector’s exports went to the USA. The second main destination is the EU, followed by Canada. Among the main destinations, there was a significant increase in exports to Japan, with a growth of 34.2% compared to the same period in 2021.

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