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13/06/2017 - 16:26hs

Agribusiness exports to Middle East up 32%

Sales from Brazil to the region fetched USD 689 million in May. Saudi Arabia and the United Arab Emirates are some of the leading buyers of Brazilian agriculture and livestock products.

São Paulo – Brazilian agribusiness exports to the Middle East reached USD 689.33 million in May, up 31.6% from a year ago, the Ministry of Agriculture, Livestock and Supply reported this Tuesday (13). Overall, industry exports amounted to USD 9.68 billion, up 12.8%.

The list of top 20 importers of Brazilian agribusiness goods last month included two Arab countries: Saudi Arabia and the United Arab Emirates. Saudi ranked 13th at USD 159 million worth of imports, down 20.5% from May 2016. The UAE placed 17th at USD 145.85 million worth of imports, up 146% from a year ago.

The Ministry said that when it came to overall exports, the top-selling item was soy beans, bran and oil, which accounted for 48.8% of total sales. Brazil’s agribusiness industry exported USD 4.72 billion worth of products in May, up 7.5% from May 2016.

Soybeans exports amounted to 10.96 million tons, a monthly all-time and exceeding the 10 million ton-mark for the second straight month.

Meats were the second best-selling item, but revenue dropped 4.1% year-on-year in May. Sugar and ethanol ranked third at USD 1.08 billion exported, up 49.2% from May 2016.

Year-to-date figures

Year-to-date through May, agribusiness exports grossed USD 38.86 billion, up 5.9% from the year-ago period. Exports to the Middle East reached USD 3.41 billion, up 15.1%.

Saudi Arabia was the third leading buyer at USD 1.022 billion, up 123.3% from January to May 2016. The UAE placed 17th at USD 521.3 million worth of imports, up 14%. Algeria was the 19th leading importer at USD 509 million, up 31.3%.

*Translated by Gabriel Pomerancblum

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