Brazilian agribusiness related exports reached a new record. With the release of November trade balance numbers of agribusiness this Friday, December 9th, the Ministry of Agriculture, Livestock and Supplies (Mapa) exceeds the goal forecasted to close this year, which was US$ 85 billion. According to the survey, the value accumulated from January to November 2011 is US$ 87.57 billion, 24.4% higher than that registered in the same period in 2010.

The expansion is mainly due to the elevation of the average export price, which rose in all main sectors involved in trade related agribusiness. The amount exported showed elevation in only two of the five main sectors: soy complex (+8.0%) and coffee (+1.4%), placing soy complex as the main export sector, with US$ 22.95 billion and elevation of 38.9% in the year.

Ranked second position in revenue is the sugar-alcohol complex, with recorded sales of US$ 14.99 (+18.9%). Meats remained in third place among the major exporting sectors, totaling US$ 14.35 billion (+14.8%). In fourth position are forest products, with sales of US$ 8.82 billion or 5% above the registered from January to November 2010. Right after, coffee appears in fifth position, with export value of US$ 7.89 billion (+55.7%).

Growth in the value exported to major economic blocks was also registered, between January and November 2011: Africa (+42.1%); Oceania (+49.6%); Western Europe (+33.2%); Asia (+31.1%), Nafta (+22.5%), Mercosur (+19.9%) and European Union (+18.1%). As for countries, between January and November 2011, there was an increase in exports to most of the 20 major destinations importers of Brazilian products, compared to the same period in 2010. Algeria (+74.6%), Japan (+49.6%), China (+45.6%) and Spain (+40.6) stood out among the major markets in terms of value.