In February this year, agribusiness exports exhibited a record-breaking performance, reaching a never-seen value of US$ 10.51 billion (+65.8%), result $4.17 billion higher than the $6.34 billion registered in February 2021. Agribusiness imports reached US$ 1.25 billion in February 2022 (-2.1%). Thus, the agribusiness trade balance reached US$ 9.2 billion. Exports had a good performance, especially soybeans, fresh beef, green coffee, soybean meal, chicken in natura and wheat. The record volume of soybeans available for export in February partially explains the increase in the quantum index of agriculture exports (+3.63 million tonnes, resulting in exports of 6.27 million tonnes). Foreign sales of soybean bran also reached record levels with exports of US$ 699.62 million (+50.2%). Wheat ranked high on the list of the most exported items. Cereal exports outpaced imports in February 2022, with US$ 246.3 million exported (836.6 thousand tonnes) compared to US$ 141.58 million imported (498.8 thousand tonnes).
Source: Datamar News