Led by Meat, Brazil’s Agribusiness Grows 12%

The Brazilian agribusiness exports yielded US$ 8.789 billion during the first three months of the year, with a 12% increase in comparison to the first quarter in 2004.

According to information released yesterday, April 11, by Brazil’s Ministry of Agriculture, this is a record for the period, in spite of the drought that hit the southern region of the country in the last months and caused losses in the crops.


The foreign purchases in the sector, in its turn, added up to US$ 1.223 billion, an increase in 0.58% in relation to the first three months last year.


The surplus for the period was favorable to Brazil in US$ 7.566 billion, also a historic record and 14.2% greater than what was registered in the first quarter of 2004.


According to the Ministry, the greatest increases were registered in the exports of meat (bovine, swine and poultry), sugar and alcohol, wood and wooden products, coffee, fruit juices, tobacco, vegetables and greens, milk, dairy products and eggs.


Concerning the destinations, the shipments to the Middle East increased in 28.7% and to Africa in 19.4%. The greatest increase, however, was registered in exports to Oceania (48.7%). In absolute terms, the greatest importers were, in this order, the European Union, the Nafta (excluding Mexico) and Asia.


In March alone the sector’s exports yielded US$ 3.423 billion, an increase in 5% in comparison to the same month last year. The imports, however, dropped 8.3% to US$ 454 million, which resulted in a surplus of US$ 2.97 billion, or 7.4% more than in March 2004.


The products that influenced the trade balance the most in the month were meats, sugar and alcohol and coffee. The shipments increased the most to Asia, the Nafta, the Mercosur and Africa.


Nearly US$ 40 Billion in 12 months


In the last 12 months shipments of Brazilian agribusiness yielded US$ 39.965 billion, value 22% greater than what was registered in the period from April 2003 to March 2004.


With US$ 4.887 billion in imports, the surplus favourable to Brazil was of US$ 35.078 billion. In this period, the products that influenced exports the most were the soy complex (grains, chaff and oil), meats, wood and wooden products and sugar and alcohol.


Africa (+37.7% and the Middle East (+33%) lost only to the South American countries, excluding the Mercosur (Argentina, Uruguay, and Paraguay), as the destinations that increased the most in the last 12 months.


Anba

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazilian bishop Luiz Flávio Cappio

Lula’s and Pope’s Emissaries Try to End Brazilian Bishop’s Hunger Strike

The head of the Brazilian Secretariat of Institutional Relations, Minister Jaques Wagner, is on ...

Abranches’ Sneak Preview

American audiences will soon have the chance to know the work of filmmaker Aluizio ...

Better Credit Rating for Brazil Gives Bulls a Boost

Latin American stocks advanced strongly, with Brazilian shares getting a boost from an upgrade ...

Landless’s Invasions Hinder Reforms, Says Brazil’s Minister

Brazil’s Minister of Agrarian Development, Miguel Rossetto, criticized the invasions organized by the Landless ...

Brazil Seated on Close to US$ 9 Billion Surplus

Brazil had a US$ 822 million surplus in its current account in August. The ...

Brazil’s Free Zone Reaps US$ 7 Billion in First Quarter

In the first three months this year, revenues posted by companies based in the ...

So Far This Year Brazil Has Exported US$ 122 Bi and Imported US$ 105 Bi

Brazil's trade balance of trade (exports minus imports) recorded a surplus of US$ 1.66 ...

With Exports Down by Half Brazilian Carmakers Urge Lower Export Taxes

An old request of Brazilian businessmen, lower export taxes, was one of the main ...

Brazilian Sugar Company Builds Refinery in Syria

The construction of the sugar refinery of Syrian and Brazilian capital is going at ...

A Booming Brazil? Just Another Myth Created by the Press

The international media is infatuated with the Brazilian economy. Almost every week there is ...