Brazilian soybean is the leading figure of a positive trade balance: see the results

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Brazil increases its exports to feed the world. Year-to-date 2021, exports have already reached US$ 110.7 billion, an increase of 18.4% compared to the same period in 2020. In November 2021, Brazilian agricultural exports reached US$ 8.4 billion. This result means a surplus of US$ 6.9 billion in the agribusiness trade balance.

The main product in our agribusiness export line in November 2021 was soybean, with a share of 15.8% and US$ 1.3 billion worth, which means an increase of 150% compared to the same period in 2020. The second main export product was fresh sugar cane, which shows an 11% increase compared to November 2020 and US$ 802.9 million worth.

When it comes to the most significant increases, raw soybean oil stands out (+3,986.7%), with export sales rising from US$ 5.2 million in 2020 to US$ 213.9 million in 2021. Fresh chicken meat is also a relevant product in our export line, increasing 25.2% this year.

Our main export destination in November 2021 was China, with a share of 21.2%, followed by the European Union (15.9%) and the United States (11.1%). Other countries also had remarkable participation: Japan (2.9%), the United Arab Emirates (2,6%), Bangladesh (2.4%), Vietnam (2.3%), India (2.3%), Egypt (2.3%), and Chile (2%).

Some destination countries showed a significant performance in November 2021 compared to November 2020. Among these, the highlights are India (+128.1%) and Bangladesh (+101.2%). When considering the year-to-date until November 2021, the highest positive variation in comparison to the same period in 2020 occurred in exports to the US (+28.6%), followed by India (+22.6%) and the UAE (+22.4%). Our American partners purchased mainly plywood (+US$ 312.8 M), but it also calls attention to the increase in the sales of fresh beef (+US$ 246.3 M).

All our trade balance data and charts are available on this link.

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