Soybeans
In 2020 Brazil became the world’s largest exporter of Soybeans at 44.7% ($28.6B) by trade value once again in recent years, beating out the long-lasting United States at 39.9% ($25.6B). The largest importer of Brazilian soybeans is China at 73.1%, making the market very profitable but also vulnerable to Chinese consumer demand, this is followed by the Netherlands at 3.84% and Spain at 3.29%.
Raw Sugar
Brazil is the world’s largest and long-standing exporter of raw sugar, accounting for 35.8% of the market share by trade value, with a total value of $8.95B. The second largest exporter of raw sugar is currently India at 10.7% ($2.67B), leaving a large margin for Brazil to dominate. The largest importer of Brazilian raw sugar is China at 14.4%, followed by Algeria at 7.47% and Bangladesh at 7.01%.
Frozen Bovine Meat
Brazil is also the world’s largest exporter of bovine meat with a 24.8% market share by trade value with a value of $6.69B. Brazil’s main competitor is Australia, with a market share of 14.9% and a value of $4B. The largest importer of Brazilian bovine meat is China at 60.4%, followed by 12.1% and Egypt at 5.91%.
Soybean meal
Brazil is the world’s second-largest exporter of soybean meal with a 24.4% market share by trade value, with a total worth of $5.99B. Brazil’s competitor in the space is Argentina, which holds a 32.1% market share with a value of $7.89B. The largest importer of Brazilian soybean meal is Indonesia at 13.3%, followed by Thailand at 12.9% and the Netherlands at 11.5%.
Corn
Brazil is the world’s third-largest exporter of corn, with a market share of 15.6% by trade value with a value of $5.95. The largest worldwide exporter of corn is the United States, which holds a 25.4% market share with a value of $9.72B, followed by Argentina, which owns 16.9% with $6.46B. The largest importer of Brazilian corn is Iran at 12.5%, followed by Japan at 12% and Vietnam at 10.6%.
Poultry Meat
Brazil is the world’s largest exporter of fresh chicken meat, accounting for 14% of worldwide production and 30% of global exports in 2021. Brazilian exports increased by 8.2%, reaching approximately 4.4 million tons, compared to 2020. The Second largest world exporter is the United States, with exports estimated at 3.4 million. Overall, in 2020, poultry meat accounted for 2.61% of Brazilian exports, with a value of $5.59B. The largest importer of Brazilian poultry was China at 22.7%, followed by Saudi Arabia at 12.3% and Japan at 11.8%.
Written by Bernard de Laguiche