Brazil

Brazil achieves record results for its beef exports in 2018

Beef

The Brazilian Beef Exporters Association (ABIEC) has revealed that the South American country recorded the highest volume levels for its beef exports in 2018.

Posted on Jan 22 ,11:01

Brazil achieves record results for its beef exports in 2018

Brazil exported 1.64 million tonnes of beef in 2018, increasing by 11% in terms of volume compared to the previous year. Shipments also rose in terms of value, reaching $6.67 billion, up 7.9% compared to 2017.

"The all-time high consolidates the country's position as the world's leading exporter of the product because it’s the largest volume ever exported among all exporting countries," ABIEC said in a statement.

The best results of this year were recorded in the second half of the year, and September being the highlight, with shipments totaling 178 thousand tonnes and revenues of US$ 700 million. The result represents a 31.75% increase in volume and 25.86% in revenue compared to the same period last year.

Brazil's main importers of beef were Hong Kong and China. In volume, Hong Kong was the main destination, representing 24% of the total shipped by Brazil, almost 395,000 tonnes. On the other hand, China was the main destination in terms of revenue, representing 22.63% of the total, with $1.49 billion.

Other featured markets are: The European Union, Chile and the United Arab Emirates, with an increase both in volume and in revenue of the accumulated in 2018 compared to the same period of 2017.

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