Brazilian agriculture exports totaled USD 13.71 billion in September 2023, accounting for 48.2% of overall exports. This remained stable compared to the same period in 2022. The drop in export prices was offset by a record grain crop in 2022-2023, which enabled a large rise in export volume. Soybeans led the pack, hitting a record output of 6.4 million tons. China was the primary buyer, with soybean exports totaling USD 3.30 billion, a 31.8% rise. Corn also performed well, with exports totaling USD 1.98 billion. High prices and increasing export volumes drove sugar exports from USD 1.23 billion to USD 1.60 billion. The top importers of Brazilian agribusiness products were China, Egypt, India, and Indonesia.
Source: AgroLink (*Translated by Ia Niani)