MATO GROSSO HAD A TRADE SURPLUS OF 28.78 BILLION

Mato Grosso recorded a trade surplus of USD 28.78 billion in 2023, up 7.73% from the previous year. The reduction of 44.22% in the value of imports, particularly fertilizers, boosted this outcome. The state is Brazil’s top consumer of fertilizers, accounting for 24.4% of overall consumption. Fertilizer imports fell in 2022, owing primarily to price hikes induced by the war in Ukraine. On the other hand, exports climbed by 14.85%, with China accounting for 41.09% of the state’s exports. In 2023, Mato Grosso exported to 93 countries, with fifteen of them making their first purchases.
Source: Isso É Notícia (*Translated by Ia Niani)