Agribusiness Exports Reach US$ 9.2 Billion in March with China in Highlight Despite the Pandemic

Written by Roberta Souza

Published on 14/04/2020 at 15:01

Foto: reprodução

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Brazil’s agribusiness exports in March were not affected by the consequences of the new coronavirus, according to the Ministry of Agriculture. Evidence of this was the US$ 9.29 billion collected from external sales, a 13.3% increase compared to March 2019 (US$ 8.20 billion).

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The reason for the significant number was the increase in the quantity exported (18.8%). However, the price index of exported products fell by 4.7% according to the Agribusiness Trade Balance prepared by the SCRI (Secretariat of Commerce and International Relations).

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The three products that increased the export volume were soybeans, sugar, and fresh beef. The secretary reported that China increased its purchases, rising from 34.2% (March 2019) to 41% (March 2020).

In meat purchases, China spent US$ 451.45 million (+101.1%), almost a third of all Brazil’s exports. Compared to the previous year, sales to the Chinese were US$ 224.52 million.

The country also stood out in soybean exports, which rose from 5.9 million tons (US$ 2.10 billion) to 8.8 million tons (US$ 3.02 billion).

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