From the Newsroom*
São Paulo – Meat exports from Brazil reached US$ 6.1 billion in the first seven months of this year. Foreign sales of the soy complex (chaff, oil and grain) totalled US$ 6.7 billion. Soy has been the main product in the Brazilian export basket since 1989, when the historical series was initiated. But meat sales are growing, and the product is on the verge of assuming the first position in the Brazilian foreign sales ranking.
The data were disclosed by the Brazilian Ministry of Agriculture and Supply. Agribusiness exports reached US$ 5.27 billion in June, a record high for the month. Imports grew by 27.7% to reach US$ 727 million, and the trade balance recorded a surplus of US$ 4.545 billion. In the accumulated result for the year, agribusiness exports from Brazil stand at US$ 32 billion.
Meat sales totalled US$ 925 million last month. Raw chicken meat was the most sold among meats. Exports of forestry products, tobacco and its derivatives, coffee, cereals, flours, and preparations also had a positive influence on the trade balance performance in the month of July. Sugar and alcohol exports recorded, respectively, 36.7% and 44.2% decreases, due to reductions in both price and amount exported.
*Translated by Gabriel Pomerancblum
