Agribusiness in São Paulo showed positive results in the period from January to July, with exports growing 9,6%, reaching US$16,83 billion. The sector's imports also registered an increase of 9,3%, totaling US$3,28 billion. Thus, the trade balance of São Paulo's agribusiness remained in surplus, recording US$13,55 billion, an increase of almost 10% compared to the same period in 2023.
The survey carried out by the coordinator of the São Paulo Agribusiness Technology Agency (Apta), Carlos Nabil Ghobril, and researchers José Alberto Ângelo and Marli Dias Mascarenhas Oliveira, from the Institute of Agricultural Economics (IEA-Apta), linked to the Secretariat of Agriculture and Supply of São Paulo, points out that the share of agribusiness exports represented 42,8% of the total exported by the state of São Paulo in the period, while imports from the sector accounted for only 7,6% of total imports from São Paulo. The good performance of agribusiness was essential to avoid an even greater trade deficit in the state, since other sectors of the São Paulo economy recorded a deficit of US$17,20 billion.
Between January and July 2024, the main products exported by São Paulo agribusiness were:
● Sugar and alcohol complex: US$6,51 billion, with sugar representing 92,2% and ethyl alcohol (ethanol) 7,8% of this total.
● Forest products: US$1,83 billion, with cellulose (54,0%) and paper (38,4%) being the main items.
● Meat: US$1,81 billion, with emphasis on beef, which represented 83,4% of the total.
● Soybean complex: US$1,77 billion, with soybeans being the main item, with an 81,4% share.
● Juices: US$1,36 billion, of which 97,6% refers to orange juice.
These five product groups represented 79,0% of São Paulo agribusiness exports. Coffee, traditional in the state, occupied sixth place, with sales of US$737,40 million, with 73,3% of this total referring to green coffee.
Compared to the same period in 2023, the groups that showed the greatest growth in exported value were: sugar and alcohol complex (+31,8%), coffee (+31,0%), juices (+20,0%), forestry products (+ 15,0%) and meat (+4,3%). On the other hand, the soybean complex recorded a significant drop of 36,7% in exported value.
In agribusiness, São Paulo represented 17,2% of Brazilian exports in the sector, an increase of 1,4 percentage points compared to the same period in 2023.
São Paulo is the second largest exporting state of Brazilian agribusiness, with a 17,2% share, behind only Mato Grosso (18,5%). Paraná occupies third place with 11,1%, followed by Minas Gerais (9,9%) and Rio Grande do Sul (8,2%).
The São Paulo agribusiness products that stood out most in national exports were juices (85,6%), various food products (73,2%) and the sugar and alcohol complex (59,0%).
This panorama reflects the performance of foreign trade in São Paulo and Brazilian agribusiness in the first seven months of 2024.
Brazilian agribusiness exports grew 1,0% compared to the same period of the previous year, reaching US$97,80 billion, representing almost half (49,3%) of the country's total exports. The sector's imports also registered an increase of 15,9%, totaling US$11,25 billion, which corresponds to 7,6% of Brazilian imports.
The agribusiness trade balance balance was positive, with a surplus of US$86,55 billion, although slightly lower (-0,7%) than that recorded in the same period of 2023. The robust performance of agribusiness was essential to avoid a trade deficit biggest in Brazil, as other sectors of the economy presented a deficit of US$37 billion in the first seven months of 2024.
The main products exported by Brazilian agribusiness in the period were:
● Soybean complex: US$39,52 billion, with soybeans representing 83,3% and soybean meal 14,7%.
● Meat: US$14,18 billion, with beef (48,1%), chicken meat (38,3%) and pork (11,2%) being the main items.
● Sugar and alcohol complex: US$11,04 billion, with sugar representing 94,1% and ethanol 5,8%.
● Forest products: US$9,95 billion, mainly cellulose (60,5%) and wood (24,6%).
● Coffee: US$6,22 billion, with emphasis on green coffee (91,7%).
These five groups represented 82,8% of Brazilian agribusiness exports. Compared to the same period in 2023, coffee (+47,6%), the sugar and alcohol complex (+44,0%), forestry products (+14,9%) and meat (+4,2%) had increases significant, while the soybean complex showed a drop of 15,4%.
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