Agribusiness exports reached a record figure for the months of February, reaching US$11.63 billion.
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The value was 19.7% higher compared to the US$9.71 billion exported in February 2023, corresponding to a growth of US$1.91 billion in exported values.
According to the Secretariat of Commerce and International Relations of the Ministry of Agriculture and Livestock (SCRI/Mapa), four products explain the strong growth in exports in February 2024: sugar (+ US$ 1.06 billion); cotton (+ US$406.55 million); green coffee (+ US$ 313.06 million) and beef (+ US$ 211.65 million).
Last month, the five main exporting sectors were soybean complex (32.1% share); meat (15.8% share); sugar and alcohol complex (14.3% share); forest products (11.0% share); and coffee (7.0% share).
These five sectors accounted for 80.2% of the sector's foreign sales in February.
China continues to be the main partner of Brazilian agribusiness, having purchased US$3.60 billion in products from the sector in February 2024.
The value placed the Asian country with a 31.0% share in Brazilian agribusiness exports in the month. Next comes the United States with US$842 million.
Indonesia was the country that most increased its share of Brazilian agribusiness exports in February. The country went from 1.6% participation in February 2023 to 3.9% in February 2024, or the equivalent of US$448.94 million.
Another country that showed a gain of more than one percentage point in Brazilian agribusiness exports was the United Arab Emirates. In practice, the country's share doubled, going from 1.4% to 2.8% of the value exported by Brazil in agribusiness products in the last month.
Imports of agricultural products went from US$1.34 billion in February 2023 to US$1.44 billion in February 2024 (+7.5%). In addition to these products, there were acquisitions of numerous inputs necessary for agricultural production, such as: fertilizers (US$ 640.47 million) and agricultural pesticides (US$ 306.55 million). ■