Number of the week

Brazil’s agribusiness output has fallen, though trade balance remains positive

Soy continues to sustain the country’s export performance, though other agricultural commodities and pork have taken hits

trade agriculture brazil
Corn harvest in Brazil. Photo: Rafapress/Shutterstock

Welcome to “Number of the Week,” where we choose a single figure that helps understand what is going on in Brazil. This week, we show that even though agribusiness could not save Brazil from entering a technical recession, the sector has managed to sustain a trade surplus in 2021.

USD 96.6bn
Brazil's 2021 agricultural trade surplus

Droughts have been strongly affecting Brazilian agribusiness, which, in turn, deeply impacts the wider economy. This was in evidence last week, with the release of Brazil’s GDP figures for the third quarter, which showed the country to be in technical recession. In Q3 2021,...

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