China consolidates position as top destination for Brazilian agri-food products in 2010

13 January 2011

Brasilia, Brazil, 13 Jan – In 2010 China consolidated its place as the main destination for agri-food exportss from Brazil, with over double the purchase made by the Netherlands and the United States, Brazilian news agency Estado reported.

In second and third places were the Netherlands and the United States, both with 7.1 percent of total Brazilian agri-food exports.

In 2010 Asia was the main destination of Brazilian agri-food products, accounting for 30.1 percent of the total, with the European Union in second place with 26.7 percent and the Middle East in third with 10 percent.

In 2010, Brazil registered record agri-food exports of US$76 billion, exceeding the previous record reached in 2008 by US$4.5 billion.

Imports into Brazil of the same type of products rose 35 percent to US$13.5 billion, leading to a trade surplus of US$63 billion.

Growth in exports was driven by sugar, foreign sales of which doubled due to a drop in the Indian harvest, but the product most sold was soy, with 22 percent of the total, followed by sugar with 18 percent and meat with 17.8 percent. (macauhub)