In January, São Paulo’s agribusiness exports increased by 3.8%, reaching US$ 1.08 billion, while imports registered an 11.6% decrease, reaching US$ 380 million. The surplus was US$ 700 million, an increase of 14.8% when compared to the same period of 2020, said on Friday (26) the Secretariat of Agriculture and Supply. In the same period, total exports of the state of São Paulo reached US$ 2.89 billion, whereas imports reached US$ 4.43 billion, which represents a trade deficit of US$ 1.54 billion. “The outcome is still an effect of the Covid-19 pandemic, which has been affecting exports of some of the main commodities in the extractive industries, such as crude oil, airplanes, automobiles, aviation kerosene, gasoline and fuel oil, etc.”, said José Alberto Angelo, Marli Dias Mascarenhas Oliveira and Carlos Nabil Ghobril, researchers at the Agricultural Economics Institute (IEA). The researchers highlight the importance of agribusiness to balance the state budget. “The deficit in São Paulo’s foreign trade was not sharper because of agribusiness, which accounted for 37.4% of the foreign sales”.
Source: DATAGRO
*Translated by Ia Niani