From January to October 2023, Brazil’s pork exports grew by 17%, earning $2.2 billion. This data comes from a report by the Brazilian Association of Animal Protein (ABPA).
In total, the country sold 920,000 tons overseas. China led the buying, importing 311,000 tons, despite a small decrease of 2%. Following China, Hong Kong imported 91,000 tons.
The ABPA President, Ricardo Santin, noted increased interest from other markets. For example, Mexico imported over 5,000 tons in September alone, joining the top ten importers.
Most of the pork came from the state of Santa Catarina. This state alone accounted for 495,000 tons between January and September.
Other major contributors included Rio Grande do Sul and Paraná. Together, these states produced 86% of Brazil’s total pork exports.
In just September, Brazil gained $244 million from pork sales. Finally, experts predict exports will hit 1 million tons this year.
Background
This growth in pork exports can be seen as a bright spot in Brazil’s diversified economy, especially when global markets are fluctuating.
Traditionally, Brazil has been a strong player in the agribusiness sector, and this new data seems to affirm that standing.
This is not just a win for the country but also for the individual states like Santa Catarina and Rio Grande do Sul, which contribute the most to pork exports.
It’s also noteworthy that while China remains the largest buyer, other countries are increasing their imports as well.
This diversification could serve as a buffer against economic downturns in any single market.
For example, Mexico’s recent entry into the top ten importers provides new opportunities for trade relations.
Looking back, Brazil’s pork industry has seen consistent growth over the years, and the 17% increase in 2023 reflects that positive trajectory.
In a broader context, this could also be an indicator of Brazil’s recovering economy and a sign that the agribusiness sector continues to be a strong pillar supporting this recovery.