Global Food

According to recent data released by the Brazilian Ministry of Agriculture, Livestock and Supply (MAPA), Brazil’s agricultural exports in 2020 will once again exceed the 100 billion U.S. dollar mark, reaching 100.81 billion U.S. dollars, an increase of 4.1% year-on-year and the second highest amount in history. Lower than 2018 (101.17 billion USD). Among them, mainland China is the largest buyer, with imports accounting for 33.7%. 　　

Brazil’s foreign trade website “Comex do Brasil” reported on January 13 that data showed that the increase in Brazilian agricultural exports was mainly due to a 9.9% year-on-year increase in exports, but a 5.3% decrease in the price index. Last year, agricultural exports accounted for almost half of Brazil's total exports, accounting for 48%. 　　

On the other hand, Brazil’s import of agricultural products in 2020 was USD 13.05 billion, a decrease of 5.2% year-on-year, and the trade surplus of the agricultural product industry reached USD 87.76 billion.

Statistics show that soybean products (including soybean grains, soybean oil, and soybean meal) are Brazil’s most important agricultural exports. The export value in 2020 is 35.24 billion U.S. dollars; the export value of meat (17.16 billion U.S. dollars) ranks second. Half is beef exports.

From the perspective of export destinations, the Chinese mainland is the largest buyer of Brazilian agricultural products. imports in 2020 reached 33.988 billion U.S. dollars, accounting for 33.7% of Brazil’s total agricultural exports, higher than 32% in 2019, and second in history. High proportion, only lower than 2018 (35%). 　　

The strong performance of the Chinese mainland also allowed its imports to exceed the sum of 13 other major buyers in Brazil, including the United States. Last year, the United States imported 6.961 billion US dollars of Brazilian agricultural products, ranking second. Other major buyers include the Netherlands, Japan, South Korea, Vietnam, Spain, Germany, Hong Kong, Turkey, Thailand, etc. 　　

Among the top ten agricultural products exported by Brazil, mainland China is the largest buyer of seven products, including soybean kernels, fresh beef, raw sugar, cellulose, fresh chicken, uncombed cotton and fresh pork. Of the soybean grains exported from Brazil, 73.2% are shipped to the Chinese mainland, and 54.2% of the fresh beef exported are to the Chinese mainland. 　

According to the assessment of the Brazilian Ministry of Agriculture, starting this year, corn may also be exported to China in large quantities. According to sources, the Brazilian and Chinese governments are gradually completing the renewal of the health and quarantine certificates of the two countries. The conclusion of this negotiation may promote a substantial increase in corn exports to China.

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