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Agribusiness in São Paulo increased its exports by 10.3% (US$ 10.77 billion) from January to July 2021, compared to the same period last year, and its imports by 5.7% (US$ 2.6 billion), recording a surplus positive of US$ 8.17 billion, an index 11.9% higher than the same period in 2020. The trade balance data are from the Institute of Agricultural Economics (IEA-APTA), of the Secretariat of Agriculture and Supply of the State of São Paulo.
According to IEA researchers, analyzing the behavior of July 2021, exports from the State of São Paulo totaled US$ 1.47 billion, and imports, US$ 0.36 billion, recording a surplus of US$ 1.11 billion that month. In comparison with July 2020, the value of the trade balance showed stability in exports and an increase of 20.0% in imports
The share of São Paulo agribusiness exports in the State's total is 36.6%, while the share of sectoral imports is 6.8%. IEA researchers, Carlos Nabil Ghobril, José Alberto Angelo and Marli Dias Mascarenhas Oliveira, explain that in the period analyzed, São Paulo's exports in other sectors of the economy – excluding agribusiness – totaled US$ 18.63 billion, and imports, US$ 35 .66 billion, generating an external deficit of this aggregate of US$ 17.03 billion. In this way, the negative balance of the state's foreign trade was not greater due to the performance of the state's agriculture.
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The five main groups in São Paulo agribusiness exports in the first seven months of 2021 were: sugar and alcohol complex (US$ 3.59 billion, of which sugar represented 87.3% and alcohol 12.7%), soy complex (US$ 1 .79 billion), meat (US$1.40 billion, of which beef accounted for 86.5%), forestry products (US$895.46 million, with shares of 50.7% of paper and 34.4% of cellulose) and juices ( US$892.96 million, of which 96.4% refers to orange juice). The coffee group, traditional in São Paulo's exports, appears in sixth place (US$ 396.43 million, of which 75.1% refers to green coffee). The aggregate of the five main groups represented 79.6% of São Paulo's sectoral foreign sales.
During the period analyzed there were important variations in the exported values of the five main product groups in São Paulo, with increases for the sugar and alcohol complex groups (+18.6%), juices (+19.8%), meats (+9. 7%), the soybean complex (0.8%) and coffee (12.5%), registering a drop for forestry products (-2.2%). These variations in foreign trade revenues are derived from the composition of fluctuations in both prices and exported volumes.
Source: agrolink
