Agribusiness had a crucial participation in the largest surplus registered by the Brazil

In accordance with the Brazilian newspaper Folha de São Paulo, the exportation of the Agriculture sector reached approximately US$26,2 billion dollar in June, even Brazil facing this internal crisis.  The agricultural products prevented a further reduction in exports last month, with growth of 29,7% in shipments.

The increase in sales to China can allow us to say that the Chinese were responsible for 35% of the total value exported by Brazil.

The Ministry of the Brazilian Economy estimates that the year will en with a positive trade balance and it will be around US$55,4 billion.

As we said before, the Agribusiness had a crucial participation for Brazil to reach this largest surplus, registered by the Brazilian trade balance since 1989 with a growth of 23,8% this year in accordance with the Foreign Trade Secretariat at the Brazilian Ministry of Economy.

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August 21, 2020