News

Agribusiness exports up 4% in H1

07 de julho de 2016

In the first six months of the year, foreign sales of livestock and agriculture products from Brazil grossed USD 45 billion. The Middle East was one of the top buying regions.

São Paulo – Foreign sales of Brazilian livestock and agriculture products grossed USD 45 billion in the first half of this year, up 4% from USD 43.2 billion in H1 2015. The numbers were released this Thursday (7) by the Brazilian Ministry of Agriculture, Livestock and Supply.

Three of the leading exporting subsectors in Brazilian agribusiness, soy and its products, sugar and ethanol, and cereals, flours and their products, were the primary drivers of growth, with increases of 7.9%, 15.7% and 53.6%, respectively. Textile yarn and items sales soared by 21.1%.

Soya bean, bran and oil exports grossed the most at USD 17.3 billion. Meats came in second at USD 6.98 billion, trailed by forest products at USD 5.02 billion. The third best-selling subset was sugar and ethanol, with USD 4.46 billion in exports, followed by cereals, flours and their products at USD 2.4 billion.

Region-wise, Asia was the top buyer of Brazilian agribusiness products in H1, followed by the European Union, the Middle East, the NAFTA countries and Africa. Sales to Asia climbed 13.5% in H1 from a year ago, while those to the UE slid 5.1%. Exports also dropped 4.4% to NAFTA and 3.4% to Africa. Sales to the Middle East increased by 5.3%.

In June alone, Brazilian agribusiness exports fetched USD 8.31 billion, down 8.9% from June 2015. Sales went down for soy and its products, but up for sugar and ethanol. Imports of agricultural and livestock products reached USD 1.09 billion in the month, leading to a USD 7.22 billion trade surplus. The H1 surplus was USD 38.91 billion. Brazil imported USD 6.09 billion worth of agribusiness and livestock products from January to June 2016.

*Translated by Gabriel Pomerancblum