Paraná State Breaks Export Records Across Multiple Economic Sectors

Brazilian Southern state Paraná excelled in exports of soybeans, raw sugar, oils and fuels, generators, electrical transformers, and processed chicken meat in the first seven months of this year. These data, gathered by the Ministry of Development, Industry, Commerce, and Services (MDIC), were compiled by the Paraná Institute of Economic and Social Development (Ipardes). The state has already exported $13.6 billion in 2024.

In the case of soybeans, international sales totaled $3.5 billion from January to July 2024, the highest figure for the period since 1997, the beginning of the historical data record. This represents a 4.6% increase over the $3.3 billion generated in the same period in 2023, the previous record. Soybeans account for 25% of Paraná’s export mix.

Similarly, Paraná’s raw sugar exports are the highest in the series, with revenues standing at $709 million by July, 41% higher than the $502 million recorded during the same period last year. The previous best result had been recorded from January to July 2011, with some $669 million.

Exports of oils and fuels totaled $247 million, another record (the previous high was in 2022, with $239 million), underscoring the strength of Paraná’s petrochemical sector, with a 29.8% increase compared to the same period in 2023 ($190 million).

This trend is also evident in the local electrical equipment industry, with $87 million in exports of generators and transformers from January to July 2024. Compared to the $33 million recorded in the same period last year, this year’s figure is almost three times higher.

Processed chicken meat exports reached $84.7 million, surpassing all logs in the first seven months of each year from 1997 to 2023, including the previous record of $82 million in 2022. The sales volume of this product indicates the success of Paraná’s higher-value-added food products in international markets, leading to greater economic returns for the state, as is also the case with pork and seafood.

According to Jorge Callado, president of Ipardes, the variety of products setting export records shows that the state’s competitiveness extends across multiple industries. “We are competitive in everything from primary goods to sophisticated manufactured products, which we have local entrepreneurs and the state government to thank for,” he says.

Overall Balance – Paraná’s exports grew in July compared to June (from $2.01 billion to $2.05 billion). Overall, Paraná is the 5th largest exporter within the Union this year, trailing São Paulo, Rio de Janeiro, Minas Gerais, and Mato Grosso. Paraná’s top buyers were China ($3.9 billion), the United States ($884 million), Mexico ($584 million), Argentina ($525 million), and Chile ($357 million).

On the other hand, the period spanning from January to July saw a 4.8% increase in imports, from $10.3 billion to $10.8 billion. The state’s top imports are fertilizers ($1.09 billion), oils and fuels ($940 million), and auto parts ($698 million). The trade balance remains positive, with a $2.7 billion difference between imports and exports.

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