Shipped volume climbed 2% in September, even though export revenues decreased. China remains the leading importer year-to-date, with Egypt in second.
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Exports from the Brazilian food company’s domestic units accounted for 72% of gross revenue in Q2 2020. Asia’s share in total sales leaped from 25% to 50%, while the Middle East’s slid from 27% to 9%.
Foreign sales were down 9.5% for revenue and 8% for shipped volume. Some Arab countries stepped up imports, including Saudi Arabia, Algeria and Libya.
The information is from a study conducted by the University of São Paulo’s Center for Advanced Studies on Applied Economics (CEPEA), in partnership with the Arab Brazilian Chamber of Commerce.
The country shipped 397,000 tons abroad, down 4.6% over the same month of 2017. However, the volume surpassed 2018’s monthly average.
Exports reached USD 5.2 billion and imports came out to USD 3.3 billion in the third week of May in Brazil. Month-to-date, there was a USD 5 billion surplus.
Beef, poultry and pork exports must be registered under the Unified Foreign Trade Portal as of Thursday (12).
