The accumulated value from January to November 2011 is 24% higher than the same period last year. Brazilian agribusiness exports registered a new record. With the release of the November figures for the agribusiness trade balance this Friday, December 9, the Ministry of Agriculture, Livestock and Supply (MAPA) exceeds the forecast for the close of this year, which was US$ 85 billion. According to the survey, the cumulative value from January to November 2011 is US$ 87.57 billion, 24.4% higher than the same period in 2010.

The increase is mainly due to a rise in average export price, which increased in all major agribusiness export sectors. The quantity exported had an increase in only two of the five main sectors: soy complex (+8.0%) and coffee (+1.4%). This places soy complex as the principal export sector with US$ 22.95 billion, an increase of 38.9% in the year.

The second largest revenue earner is the sugar/ethanol complex, with record sales of US$ 14.99 (+18.9%). Meat remained in third position among the major export sectors, totaling US$ 14.35 billion (+14.8%). In fourth place is forest products, with sales of US$ 8.82 billion, or 5% up on sales registered for January to November 2010. Coffee comes just behind in fifth place, with an export value of US$ 7.89 billion (+55.7%).

Growth was also recorded in export value to the major economic blocs between January and November 2011: Africa (+42.1%), Oceania (+49.6%) Western Europe (+33.2%), Asia (+31.1%), NAFTA (+22.5%), Mercosul (+19 9%) and the European Union (+18.1%). An increase in exports to most of the countries that are principal export destinations for Brazilian products was registered compared to the same period in 2010. Among the major markets in terms of value Algeria (+74.6%), Japan (+49.6%), China (+45.6%) and Spain (+40.6) stand out.