Brazil’s Soybean Exports Surge 25% in March as Corn Shipments Triple

Brazil’s soybean exports exceeded 10 million tons in March, rising 25% from last year, the Secretariat of Foreign Trade (Secex) reported Monday. Daily shipments averaged 788,500 tons, up from 630,000 tons per day in March 2024.

The robust export performance follows a slower start to 2025. Harvest delays initially hampered shipments, but accelerated field work throughout March increased supply from Brazil’s record-breaking crop.

Corn exports showed even more dramatic growth. Daily shipments nearly tripled to 62,900 tons compared to March 2024. Total corn exports reached approximately 820,000 tons through the third week of March, almost doubling the 427,300 tons shipped during the entire month last year.

Other agricultural exports also demonstrated strength. Coffee shipments rose 22.3% to 12,700 tons daily, while cotton exports increased 10.2% to 13,900 tons per day. Sugar exports bucked the trend with a 32% decrease to 90,600 tons daily during the industry’s traditional off-season.

Brazil continues to solidify its position as the world’s leading soybean producer and exporter. The Brazilian crop is projected to reach a record 171.7 million tonnes this year, marking a 13% increase from last season.

Brazil’s Agricultural Outlook for 2025

The Brazilian Association of Vegetable Oil Industries expects soybean exports to reach 106.1 million tonnes in 2025. This projection supports the strong March performance and suggests continued export growth throughout the year.

Brazil’s agricultural sector serves as a key economic driver for 2025. Analysts predict agricultural GDP will grow between 2.5% and 6% this year, outpacing the overall economic growth estimate of 2.5%.

The National Supply Company forecasts a record-breaking total grain harvest of 322.42 million tons for the 2024/2025 season. This bumper crop strengthens Brazil’s role in global food security while boosting foreign exchange and creating jobs in rural areas.

Brazil’s agricultural export success extends beyond raw commodities. The country recorded significant growth in value-added products such as soybean meal, meat, sugar, and processed foods throughout 2024 and early 2025.