Brazil's agricultural products trade surplus in June increased 22% year on year

Brazil's agricultural exports reached US $12.1 billion in June, up 25% from a year earlier, according to information released by Brazil's Ministry of economy, the economic value of Brazil reported on July 13. Driven by rising prices in the international market, exports in the month set a new record. 

The proportion of agricultural products exports in total exports decreased from 55.4% in the previous year to 43.1%. China is still Brazil's largest export destination of agricultural products, accounting for 38.7% of total exports. In June, the import of agricultural products increased by 54.2% year-on-year to reach 1.28 billion US dollars, and the trade surplus in June reached 10.8 billion reais, a year-on-year increase of 22%.

Source: Economic and Commercial Office of the Embassy in the Republic of Brazil