Study shows there is room for agribusiness to diversify sales to China

As the main destination for Brazilian agribusiness exports, China still has room for growth in terms of importing Brazilian agribusiness products, as long as tariff and non-tariff barriers for some products are bypassed. Corn –  a crop that is increasingly important in Brazil’s export basket currently dominated by soy, meat, pulp, sugar, tobacco, and cotton – has already begun to gain relevance in Chinese imports.

This scenario is reinforced by a recently completed study carried out in partnership with IPEA (the institute of applied economic research) and CAITEC (the Chinese academy of international trade), which outlined pillars and opportunities for bilateral trade relations. Signed by researchers Marcelo José Braga Nonnemberg, Uallace Moreira Lima, Mateus Azevedo Araujo, Fernanda Pedrosa, and Scarlett Queen Almeida Bispo, the work will be published this week.

According to data from the Ministry of Agriculture, Brazilian agricultural exports to China generated US$ 27.9 billion from January to July, or 38.4% of the total registered export value. This percentage grew with the advance of soy and meat shipments. Brazil is already a major external supplier of agricultural products to the Chinese market, but it can go further: in addition to corn, opportunities exist for Brazil to increase exports of fruits (fresh and preserved), fish, crustaceans, vegetable juices, extracts, and more.

Source: Valor Econômico

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