After months of Deficit, Brazil’s Fruit Trade Surplus Turns Positive

In October, Brazilian fruit exports, including citrus peel and melons, surged, finally reversing the trade balance, which shifted to a surplus after several months of negative results.

According to Comex Stat data, Brazil’s export revenue reached $164.56 million (FOB) in October, a 45% increase compared to September, while import expenses totaled $108.94 million, a 17% rise. As of October, the year-to-date total for fruit exports reached $907.56 million, while imports amounted to $862.32 million, generating a surplus of $45.24 million — the smallest in the last 10 years.

The main drivers behind this turnaround in the trade balance were mangoes, lemons and limes, and melons, which accounted for over 60% of the total export revenue in 2024 (through October). Other crops, such as grapes, papayas, and watermelons, contributed significantly. It’s worth noting that despite a reduction in grape shipments compared to last year due to a crop shortfall in the São Francisco Valley (PE/BA), the numbers remain optimistic for the sector.

The primary destinations for Brazilian fruits during this period were Europe (76%) and North America (12%), with the remaining 12% distributed mainly between South America and Asia. For the year’s final months, Brazilian fruit exports are expected to continue firm, ensuring the surplus is maintained.

Source: HF Brasil

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