Agribusiness in São Paulo registered a surplus of US$ 2.67 billion in the first quarter of this year, an increase of 15.6% compared to the same period in 2020 (US$ 2.31 billion). Imports, on the other hand, decreased by 7%, from US$ 1.29 billion in 2020 to US$ 1.20 billion in 2021, informed the Agricultural Economics Institute (IEA). The three main categories of agribusiness exports in São Paulo this year were: sugar and alcohol complex (US$ 1.36 billion, in which sugar accounted for 86.1%, and alcohol, 13.9%), meat sector (US $ 507.23 million, in which beef accounted for 87.8%) and soy complex (US$ 438.08 million). China is the main destination of exports (US$ 798.71 million, 20.7% of participation and a negative variation of 5.6% when compared to the same period in 2020), followed by the European Union (US$ 59.73 million, 13.7% share, and a drop of 12.2% over 2020) and the United States (US$ 358.39 million, 9.3% share and positive variation of 13.5%).
Source: Revista Dinheiro Rural (*Translated by Ia Niani)