In the first half of 2024, São Paulo’s agriculture exports increased by 8.9% to USD 14 billion, while imports rose by 7.3% to USD 2.78 billion, resulting in a USD 11.22 billion surplus (up 9.4% compared to 2023). The agricultural industry accounted for 42.2% of São Paulo’s exports. Exports dropped in June 2024 due to lower sales of soybeans, sugar, and beef. China, the European Union, and the United States were the primary destinations. During the same period, the Brazilian trade balance was in surplus by USD 42.31 billion. Brazil’s agricultural exports reached USD 82.39 billion (-0.4%), with soybeans, beef, sugar, forest products, and coffee standing out.
Source: RPA News (*Translated by Ia Niani)
SÃO PAULO’S AGRICULTURE GROWS BY 9.4% IN THE FIRST HALF OF 2024
Published On - 18 de July de 2024