Brazil agribusiness exports climb 19.7% in 2021

Agribusiness exports totalled $120.59 billion
calendar icon 17 January 2022
clock icon 1 minute read

According to a report by the Secretariat of Trade and International Relations (SCRI) of Brazil's Ministry of Agriculture, Livestock and Supply, agribusiness exports in 2021 amounted to $120.59 billion, an increase of 19.7% over the previous year.

Agribusiness exports hit record values in December as well, reaching $9.88 billion, a 36.5% increase over the previous year. The month of December performed favourably due to a strong increase in prices of exported products (+22.5%), as well as to expansion in volume (+11.4%).

According to SCRI analysts, the highlights were soybeans (2.71 million tons; +889.5%); soybean meal (1.72 million tons; +82%); pulp (1.64 million tons; +28.8%); and meat (667 thousand tons; +3.3%).

Despite the record in exports, foreign sales of agribusiness products accounted for 43% of Brazilian exports in 2021, a 5.1% crop from 2020.

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