Besides being the largest economy in Latin America, Brazil also leads in the agricultural sector. The country is known for its coffee, sugar, maize, and soybeans. For the last few years, the Brazilian economy has been showing signs of recovery after going into a dip in 2014. The agribusiness sector is among those that have supported the Brazilian economy for many years.
Recently, the Brazilian Secretary of International Relations released this year’s agribusiness balance of trade. The report revealed a slight decline of 0.7 percent in this crucial sector compared to the same period last year. Flavio Maluf, the CEO and the president of Eucatex Group, analyzed the report, breaking down the figures for the general public. Read more about Flavio Maluf at ideamensch.com
Details of the report
As of June 2018, Brazil recorded exports of approximately U.S $9.22 billion. In the same period last year (2017), the agricultural exports amounted to the U.S $9.21, indicating a 0.7 percent decrease. The Brazilian agribusiness sector represented 45.5 percent of the total exports from the country in June.
Still, on Brazilian agribusiness sector, Flavio Maluf’s report revealed that the country’s agribusiness imports amounted to the U.S $ 1.05 billion as of June this year (2018). These figures indicate a 10 percent decline compared to the same month last year (2017).
The main agribusiness exports from Brazil include soy, meat, forest products, sugar-alcohol complex, and coffee. Soy covered more than half of the exports standing at 53.3 percent, meat at 8.3 percent, coffee at 3.9 percent, sugar-alcohol complex at 7 percent and forest products at 14.4 percent.
Flavio Maluf’s report also revealed that a substantial amount of the exports went to Asia and the European Union block. China imported the largest amount of soy and sugar-alcohol complex. In conclusion, Brazil exported about 46.3 million tons of grain, which generated revenues amounting to U.S 18.4 billion.
More about the businessman, Flavio Maluf
Despite coming from a wealthy and political family, Flavio Maluf has worked hard to establish his business empire. Flavio studied mechanical engineering before shifting to the business world by earning a degree in business administration. He started serving in the family-owned business, Eucatex Group immediately after graduating from college.
Learn more: https://www.crunchbase.com/person/flavio-maluf