Brazil’s agribusiness move USD 159 billion in 2022 export sales

Agribusiness exports totaled US$ 159.09 billion in 2022, up 32% over the previous year. According to the Secretariat of Trade and International Relations (SCRI) of the Ministry of Agriculture and Livestock, the international prices of agricultural commodities influenced the performance.

The price index of products exported by agribusiness increased by 22.1% compared to 2021, and the volume shipped grew by 8.1%. With these increases, export agribusiness sales accounted for 47.6% of total exports in Brazil in 2022.

See below Brazil’s exports of soybeans and corn from Jan 2019 to Nov 2022. The data is from DataLiner.

Brazilian corn exports | Jan 2019 – Nov 2022 | WTMT

Source: DataLiner (click here to request a demo)

Brazilian soybean exports | Jan 2019 – Nov 2022 | WTMT

Source: DataLiner (click here to request a demo)

The growth in export volumes of agricultural products was reinforced by the increase in the 2021/2022 grain harvest, which reached 271.4 million tonnes. Corn and soybeans were the crops that grew the most, with almost 113 million tonnes and 126 million tonnes, respectively.

The export sectors that stood out between January and December 2022 were: soy complex (US$ 60.95 billion, 38.3% of the total); meats (US$ 25.67 billion, 16.1% of the total); forest products (US$ 16.49 billion, 10.4% of the total); cereals, flours and preparations (US$ 14.46 billion, 9.1% of the total) and sugar and alcohol complex (US$ 12.79 billion, 8% of the total).

Imports of agribusiness products last year totaled US$ 17.24 billion. The result is explained by the increase in average prices (+13.8%) since the imported volume fell in the referred period (-2.4%).

December/2022

The sector with the most exports was cereals, flours, and preparations, with US$ 2.19 billion (+117.9%). The main product of this sector was corn. Foreign sales of the grain grew from 3.4 million tonnes in December/2021 to 6.4 million tonnes in December/2022 (+88%).

China alone was responsible for a third of the increase in corn export volume. Sales to the Asian country were authorized last November and, in December 2022, reached 1.10 million tonnes, placing the country as the largest importer of Brazilian corn.

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