Oct 11, 2024
Sao Paulo State Leads in Value of Brazil's Agricultural Exports
Author: Michael Cordonnier/Soybean & Corn Advisor, Inc.
During the first nine months of 2024, the state of Sao Paulo was Brazil's leading state for agricultural exports accounting for 18% of the total export value according to the Secretary of Agriculture for the state of Sao Paulo. In second place was the state of Mato Grosso responsible for 17.3% of the total. The data is based on studies conducted by the Institute of Agricultural Economics (IEA-Apta) that analyzed export data from January through September of 2024 compared to the same period in 2023.
Sao Paulo was the leader in sugar, ethanol, and orange juice exports, while Mato Grosso was the leader in soybeans, corn, cotton, and beef exports.
The five products that represented 79.7% of the value of Sao Paulo's exports were sugar/ethanol, meat, forestry products, soybeans, and juices. The leading export was the sugar/ethanol complex (9.15 billion dollars) with sugar accounting for 93% and ethanol 7%. Sugar exports were up 31.5% compared to the same period in 2023.
Meat exports totaled 2.49 billion dollars with beef accounting for 83.9% of the total. Forestry products accounted for 2.35 billion dollars with cellulose account for 54% of the total and paper products 38%. The soybean complex accounted for 2.10 billion dollars. Juices accounted for 2.0 billion dollars with orange juice accounting for 98% of the total.
IEA-Apta reported that the value of coffee exports increased 121%, beef up 39%, orange juice up 27.5%, and cellulose products up 15%.
After Sao Paulo and Mato Grosso came the states of Parana at 11.5% of the total, Minas Gerais at 10.1%, Rio Grande do Sul at 8.7% and Goias at 6.6%.