Brazilian agribusiness exports have been landing records throughout the year. According to Cogo Consulting, the good results stem from the high average price of commodities. “Evaluating the volume exported between January and November, exports generated a record-worthy result of U$ 110.7 billion, indicating a growth of 18.4%. Agribusiness ended up accounting for 43.2% of all Brazilian exports in the year,” says Cogo. The most relevant exports were fertilizers, pesticides, wheat and corn. “Brazil exports almost U$ 120 billion in agribusiness products, and spends almost U$ 16 billion in imports, resulting in a balance of U$ 104 billion. We consolidated Brazil as the largest net exporter in the world this year”, adds Cogo. China was once again confirmed as the main destination for Brazilian agribusiness products. Between January and November, the Asian country imported a sum worth US$ 38.9 billion in products, being 67% of those, soybeans grains alone. The oilseed is the main factor leading up to a bigger Brazilian presence in the Chinese market, totaling a balance worth US$ 5.3 billion in addition to the same period last year.
Source: Datamar News