China overtakes EU as largest importer of agricultural goods from Brazil in 2013

14 January 2014

In 2013 China overtook the European union (EU) to become the main destination for Brazilian agricultural and livestock goods. Exports of those products from Brazil to China totalled a record US$99.97 billion, the Brazilian Agriculture Ministry said Monday in Brasilia.

Whilst exports rose 4.3 percent against 2012, imports of agricultural and livestock products rose 4.0 percent to US$17.06 billion, leading to a surplus of US$82.91 billion.

Exports of soy beans and soy derivatives totalled US$30.96 billion, accounting for 31 percent of total exports.

Due to increased soy imports China, which is the world’s largest importer of this grain, for the first time overtook the EU s the main buyer of agricultural and livestock products, with a total of US$22.88 billion to US$4.91 billion more than in 2012.

Exports of agricultural and livestock products from Brazil to China rose to 22.9 percent of the total in 2013, or 4.1 percentage points more than the previous year, whilst exports of those products to the European Union fell from 23.6 percent of the total in 2012 to 22.1 percent in 2013.

In 2013 China was Brazil’s largest trading partner for the second consecutive year. (macauhub)