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Brazil's agricultural exports broke through the $100 billion mark again in 2020, reaching $10.81 billion, up 4.1 percent year-on-year and the second-highest level on history and only below 2018 ($101.17 billion), according to data released recently by the Ministry of Agriculture, Livestock and Supply (MAPA).
of these, Chinese mainland the largest buyers, accounting for 33.7 per cent of imports.
brazil's agricultural exports rose mainly because of a 9.9 percent year-on-year increase in exports, but the price index fell 5.3 percent, the Brazilian foreign trade website Comex do Brasil reported on January 13.
, agricultural exports accounted for almost half of Brazil's total exports, or 48 per cent.
on the other hand, Brazil's agricultural imports in 2020 were $13.05 billion, down 5.2% year-on-year, and the agricultural trade surplus reached $87.76 billion.
, soybean products (including soybean grains, soybean oil and soybean meal) are Brazil's leading exports, with exports of $35.24 billion in 2020, while meat exports ($17.16 billion) are in second place, with half of them beef exports, according to
data.
In terms of export destinations, the Chinese mainland is the largest buyer of Brazilian agricultural products, with imports reaching $33,988 million in 2020, accounting for 33.7 per cent of Brazil's total agricultural exports, up from 32 per cent in 2019 and the second-highest proportion in history, down from 35 per cent in 2018.
Chinese mainland's strong performance also allowed it to import more than Brazil's 13 other major buyers combined, including the United States.
last year, the U.S. imported $6,961 million in Brazilian agricultural products, ranking second, with other major buyers including the Netherlands, Japan, South Korea, Vietnam, Spain, Germany, Hong Kong, Turkey and Thailand.
Chinese mainland is the biggest buyer of seven of Brazil's top 10 exports, including soybean grains, fresh beef, raw sugar, cellulose, fresh chicken, un combed cotton and fresh pork.
73.2 per cent of Brazil's soybean grains are shipped to Chinese mainland, and 54.2 per cent of fresh beef exported is Chinese mainland.
, according to Brazil's agriculture ministry, corn could also be exported to China in large quantities starting this year.
the End of the talks could boost corn exports to China, sources said.