Agribusiness in Minas Gerais records growth of 10.6%

In the period from January to October, the volume exported by Minas Gerais agribusiness registered a growth of 10.6%, totaling 13.2 million tons. According to information from the Government of the State of Mina Geráis, the highlight remains the forest products segment, maintaining periodic sales since the beginning of the year.

Exports of cellulose, wood, paper and rubber reached US$871 million and 1.3 million tons, marking a 15% increase in both revenue and volume. These products were destined for 70 countries, with China leading imports (49%), followed by the Netherlands and Japan (10%), the United States (9%) and Italy (7%).

Year-to-date, the total value of exports reached US$11.9 billion, resulting in a drop of 8.5% compared to the same period of the previous year. This decline is attributed to the performance of coffee, the main export product of Minas Gerais agribusiness.

Between January and October, 614 different products from the Minas Gerais agricultural sector were exported to 174 countries. The main destinations were China (US$4.1 billion), the United States (US$933 million), Germany (US$733 million), Italy (US$502 million) and Japan (US$477 million).

Coffee, the state’s main export product, recorded a reduction in both the value and volume exported. Sales totaled US$4.4 billion, with a volume of 20 million bags, representing drops of 21% and 13.5%, respectively. This decrease is mainly attributed to the reduction in purchases by the main purchasing countries, such as the United States, Germany and Italy.

The soybean complex totaled US$3.3 billion and 6.2 million tons in exports, with a 1.1% drop in value and a 14.7% increase in volume. More than 92% of these exports were represented by grains, mainly destined for Asian countries.

The agricultural sector in Minas Gerais contributed 12.5% ​​of the total value of exports, generating revenue of US$1.5 billion. Sugar stood out, representing 92% of the sector’s sales and reaching the US$1.3 billion mark. While the main commodities face devaluation, sugar continues to appreciate, becoming an opportunity for Brazilian and state sales.