São Paulo – Egyptian imports of Brazilian agribusiness products have increased by 160% in October compared with the same month of 2009. Saudi Arabia imported 42.4% more, and the two countries were the highlights of Brazilian agribusiness exports in October, according to data supplied by the Ministry of Agriculture, Livestock and Supply.
Revenues from agribusiness exports reached US$ 6.99 billion in October, representing growth of 27.7% over the same month of 2009. It is the highest figure for the month of October ever since the survey was first held. In addition to Egypt and Saudi Arabia, other import highlights were Indonesia, Iran, Thailand, Spain, Japan, Belgium and South Korea.
On their part, Brazilian imports of agribusiness products have also increased by 24.1% and reached US$ 1.19 billion. As a result, the segment’s trade surplus has reached US$ 5.79 billion. The sectors that contributed to the increase in foreign sales the most were sugar and ethanol, coffee, fruit juices, livestock and soy grain, oil and chaff. The sales volume has grown by 41.5%.
Over the last twelve months, from November 2009 to October 2010, the segment posted US$ 73.88 billion in revenues. The figure is higher than the previous all-time record, which was US$ 71.8 billion for a twelve-year period, recorded two years ago. In 2010, foreign sales should reach US$ 74 billion.
*Translated by Gabriel Pomerancblum
