Agribusiness exports in June this year set a record-breaking US$ 12.11 billion, an increase of 25% compared to the US$ 9.69 billion shipped in June 2020. The rise in prices of agricultural products exported by Brazil (30.4%) was the main variable responsible for this record value. Due to the 105.3% increase in exports of non-agricultural products, driven by exports of iron ore and oil, the share of agribusiness products in total exports reached 43.1%, even considering the record observed for the months of June. In June 2020, the participation was higher, at 55.5%. The main export sector of Brazilian agribusiness was the soy complex. A little more than half of the value exported by Brazil in agribusiness products was due to foreign sales in this sector, which had soybeans as the main product exported. Foreign sales of soybeans reached a record value of US$ 5.30 billion, even with a 12.9% reduction in the volume exported, of 11.1 million tons.
Source: Portos e Navios (*Translated by Ia Niani)