The strong pace of shipments of sugar accounted for 9.5% of total foreign sales, reaching revenues of US$ 537.1 million, up 35.6% when compared to the same period in 2020. The increase is due to the drop in sugar production in Thailand, Brazil’s main competitor on the global market of sugar products. Corn was the second most important product, with an increase of 42.5% when compared to January 2020, reaching US$ 499.9 million in the first month of 2021. The list of the five best-selling products has beef, green coffee and soybean meal. In January, 51.8% of Brazilian agribusiness exports went to ten main importers. The largest shares of total foreign sales were from the European Union (16.9%), China (16.7%), and the United States (9.2%). Other Asian countries were also a highlight, such as Indonesia (5.1%), Vietnam (3.1%), South Korea (2.8%) and Bangladesh (2.4%).

Source: Universo Agro / DATAGRO

*Translated by Ia Niani