The GDP of the soybean and biodiesel production chain reached R$ 673.7 billion in 2022, accounting for approximately 27% of the Brazilian agribusiness GDP as a whole. This represents a significant increase from its mere 9% contribution twelve years ago. Over the period between 2010 and 2022, the industry’s GDP expanded by 58%, while agribusiness experienced an 8% growth, and the Brazilian economy as a whole grew 12%. These figures indicate a consistent rise in the availability of these products. Over the past decade, the soy complex has experienced a notable growth in foreign sales. Despite some fluctuations, revenue reached a new record high in 2022, amounting to US$ 61.3 billion, which accounted for 38% of agribusiness exports.
Sources: Cepea/Datamar News