Agricultural trade balance showed a surplus of US$ 43.7 billion in the year, from January to April 2022. Exports increased by 34.9% in the same period, while imports wavered with a high of 0.7%, compared to the same period in 2021. Agribusiness exported US$ 14.9 billion in April, generating a surplus of US$ 13.6 billion in the sector’s trade balance, up 15.2% when compared to the same month in 2021. Brazilian imports in the sector totaled US$ 1.3 billion in the month, up 11.7% year-on-year. Ana Cecília Kreter, an associate researcher at IPEA, points out that Brazil has been exporting more and more since December of last year. “In April this year, exports were 81.6% higher than in 2019, 52.3% higher than in 2020, and 14.9% higher than in 2021,” she said. Soybeans still lead agricultural exports in Brazil. The entry of fertilizers into the country was 72.4% higher than in the same period in 2021, an increase of 6.4% year-to-date.
Source: DATAGRO (*Translated by Ia Niani)