Summary
Brazil's beef exports to China have increased as China looks to avoid buying agricultural goods from the United States due to trade tensions. In September, Brazil's beef exports to China grew by over 38%, which helped Brazil achieve a record high in total monthly beef exports.
Key Facts
- Brazil's beef exports to China rose by 38.3% in September compared to the previous year.
- Total monthly beef exports from Brazil reached a record high due to increased demand from China.
- The United States imposed a 50% tariff on several Brazilian goods, including beef, in August.
- Brazil has expanded its beef exports to various markets as global trade patterns shift.
- Total beef export revenue in September was $1.92 billion, with volumes increasing by 17% from the previous year.
- Brazilian beef exports to the United States fell by 41% to $102.9 million from January to September.
- The European Union became the second largest market for Brazilian beef in September, with Italy, the Netherlands, and Spain leading purchases.
- A total of 130 countries increased their Brazilian beef purchases this year, while 48 countries reduced theirs.
