The agribusiness trade balance reached record levels in August, driven mainly by the rise in international prices of commodities exported by Brazil. The exported value was US$ 10.90 billion, a figure 26.7% higher than the US$ 8.60 billion exported in the same month last year. The amount is equivalent to the amount exported during the whole of 2013.
Despite the record in value exported, agribusiness as a percentage of the country’s total exports dropped slightly from 49.4% (August/2020) to 40.1% (August/2021).
Imports of agribusiness products rose from US$912.47 million in August 2020 to US$1.25 billion in August 2021 (+37.2%). The values were influenced by the rise in international prices, as in the case of wheat and palm oil, with an increase in the average imported price of 23.1% and 67.6%, respectively. As a result, the balance of trade in agribusiness reached US$ 9.64 billion.
