São Paulo’s agribusiness has achieved a surplus of USD 20.65 billion from January to November this year. This is due to an increase in exports by 5.3%, reaching USD 25.30 billion, and a reduction in imports by 1.1%, totaling USD 4.65 billion. The achieved surplus is 6.9% more than in 2022. Sao Paulo’s agricultural exports account for 39.4% of overall state exports, while sectoral imports account for 7.0%. These figures suggest that Sao Paulo’s agriculture exports and balance will likely surpass the record levels (USD 25.98 and USD 20.89 billion, respectively) set in 2022. The sugar-alcohol complex is worth USD 9.33 billion, with sugar accounting for 87.7% and ethanol accounting for 12.3%. Furthermore, the soybean complex provides USD 3.47 billion, with soybeans accounting for 83.0% of total value.
Source: Cana Online (*Translated by Ia Niani)