Exports from Brazil came out to USD 1.1 billion, the highest monthly result to date this year. Sales increased month-on-month for sugar, iron ore, beef and poultry.
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The hike was seen in the first ten months of the 2019/2020 crop-year. One of the drivers of growth is a shift in people’s behavior towards consuming more products at home.
Last month saw USD 8.21 million worth of product shipped from Brazil last month. Meats led the way, with sales also increasing for maize, cotton, and orange juice.
The United Arab Emirates was one of the drivers of Brazilian foreign sales of beef year-to-date through October.
Last year saw 1.64 million tons shipped from the country. According to the Brazilian Beef Exporters Association (Abiec), it was the biggest volume ever shipped by an exporting country.
The month saw 463,100 tons worth of chicken shipped from Brazil. The resumption of sales in the wake of a trucker strike and normalization of statistics from the Ministry of Industry, Foreign Trade and Services led to the record-breaking result.
The Brazilian electronics manufacturer grossed USD 483.6 million with foreign sales in the second quarter of this year.
Foreign sales from Brazil were up 3% year-on-year. Soy, the primary driver of sales, accounted for 58% of total goods shipped abroad from Brazil.
