The total value exported in 2022 is said to have increased 19.1%, and the amount imported was up 24.3% from 2021. A lower increase was predicted for the global economy.
The country exported $62.31 bi more than it imported—the highest in this time series, initiated in 1989. In December, the balance stood at a positive $4.779 bi.
Brazil may have the opportunity to meet China’s demand for pork, as Asian pigs have been affected with the African swine fever, said Renato Rasmussen, director for Market Intelligence with INTL FCStone, consultant for commodities, capital markets, and asset management.
China remained the main destination of Brazilian exports in 2018, and figured among the countries contributing to Brazil’s $58.7 billion surplus in commercial transactions with other countries last year.
Soybeans account for 16% of the total amount of Brazil’s exports to the world for the first six months of the year. Adding iron ore and oil, the percentage reaches 33%.