Agribusiness exports grow 5.7% in October in annual comparison

In October 2018, Brazilian agribusiness exports reached US $ 8.48 billion, representing an increase of 5.7% compared to the same month of 2017. With this amount, agribusiness reached a 38.5% share of the total sales in the month. Imports of agribusiness totaled US $ 1.19 billion in October, up 4.6% over the same period last year. As a result, the balance of agribusiness trade balance in the month was US $ 7.29 billion (+ 5.9%).

The disclosure of Agribusiness Trade Balance data, prepared by the Secretariat of International Relations of Agribusiness of the Ministry of Agriculture, Livestock and Supply, was made last Friday (16).

In relation to the Brazilian agribusiness exporting sectors, the highlights of the period were the soy complex (30.9%); meat (15.9%); forest products (13.2%); sugarcane complex (8.3%); and cereals, flours and preparations (7.6%). Together, the external sales of these five sectors represented 75.9% of the total exported by Brazilian agribusiness in October 2018.

Exports of the soybean complex grew 78.8% compared to October 2017, at US $ 2.62 billion. The largest share of this value was generated by soybean grain exports, which reached a record volume for all October with 5.35 million tons (+ 115.1%), which resulted in a record figure for the month of US $ 2.11 billion (+ 124.2%).

Meat sales totaled US $ 1.35 billion in the period, a 5% reduction from US $ 1.42 billion in the same month of the previous year. There was an increase of 3.5% in the quantum marketed, with 608 thousand tons. The main item traded in the month was beef, with US $ 619 million (+ 3.3%). Regarding the quantity, a new record of commercialization of the beef in natura was verified for the months of October, with 136 thousand tons negotiated.

Third, in the ranking of the agribusiness sectors that most exported in value, the forest products registered the sum of US $ 1.12 billion, a growth of 10.2% over the US $ 1.02 billion obtained in the same month of last year. The main traded product was pulp, with a record value for October of US $ 619.46 million (+ 14.9%) and 1.12 million tons (+ 4.2%), respectively.

This text was translated by machine from Brazilian Portuguese.