Agrideria Comercio Importacao e Exportacao LTDA

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COMPANY ADDRESS

 AVENIDA DOM PEDRO II 285, SALA 7 A,  BARUERI , CEP 06401-060, SÃO PAULO SP BRASIL 

CNPJ- 53.855.675/0001-89 

EMAIL ADDRESS

agrideriacom@gmail.com 

cfo@agrideriaindustrialllc.com  

TELEPHONE

+55 11 93323 4052 (BRAZIL)

+1 917-742-5881(USA)

Agrideria already has its representation and office in Brazil, agrideria comércio importacao e exportacao ltda is the company that represents all businesses in Brazil 

Agrideria owns extensive plots of land for the farming of sugar cane and processing to convert it into a refined product within our own structure.

Although been working with producers and other associates of the industry for many years, being a company that dominates the entire process from planting to the final refined sugar, we are able to confidently ensure the ability to have certified product on the market and deliver according to quality, schedules and time lines. 

In this plat we also have the ability to do packaging for 50 kg, 25kg and 5 kg bags as well as private label packaging for special orders. We will work on special programs according to our clients needs.

Brazilian agribusiness performance shows slight annual decline, but maintains strong share in the trade balance

Brazilian agribusiness exports totaled US$15.4 billion in March 2026, according to data released by the Secretariat of Foreign Trade (Secex). The result represents a slight decrease of 0.7% compared to the same month last year, reflecting the combination of lower shipped volume in some segments and price fluctuations in the international market.

Despite the overall decline, products such as soybeans, beef, cotton, and wheat showed positive performance, while ethanol, refined sugar, green coffee, and cellulose registered a decrease in shipments.

Soybeans sustain revenues with high international prices

The soybean complex continued to be the main highlight of Brazilian agribusiness exports in March. Shipments of soybeans reached 14.5 million tons, generating revenue of US$5.9 billion. Although the volume was 1% lower than that recorded in March 2025, international prices compensated for part of the drop. The average export value rose 5.3% year-on-year, reaching US$408 per ton.

In soybean meal, the exported volume totaled 1.9 million tons, a 4% increase over March of last year. The average price was US$347 per ton, slightly above that observed in 2025.

Soybean oil, however, registered a decrease in shipments. 180,000 tons were exported, a 7.8% drop year-on-year. In contrast, the average price rose for the third consecutive month, reaching US$1,165 per ton, a 13% increase.

Sugar exports grow, but prices fall

In the sugar-energy complex, VHP sugar showed an increase in the volume shipped. Exports reached 1.6 million tons, a 2% increase compared to March 2025.

Despite the increase, prices fell significantly. The average price of VHP sugar dropped 24%, to US$354 per ton.

Refined sugar performed even weaker. Shipments totaled 254,000 tons, a 19% decrease compared to the same period last year. The average price also fell, to US$421 per ton, a decrease of 18%.

Ethanol exports plummet 68% in March

Ethanol was one of the worst-performing products among Brazilian agribusiness exports. In March, shipments totaled only 74,000 tons, a 68% drop compared to the same month in 2025.

Even with the sharp reduction in export volume, the average price increased by 7%, reaching US$595 per cubic meter.

Cotton Exports Increase by 45% and Expand Share of Exports

Cotton lint exports grew significantly in March. The volume shipped reached 348,000 tons, a 45% increase compared to the same period last year.

The increase in shipments occurred even with falling international prices. The average price of the product fell for the sixth consecutive month, reaching US$1,532 per ton, a 9.4% reduction compared to March 2025.

Beef Exports Register Increase in Volume and Price

Brazilian beef exports maintained a positive trajectory. In March, shipments reached 234,000 tons, an 8.7% increase over the same period last year.

China remained the main destination for Brazilian beef, accounting for 102,000 tons, equivalent to 44% of the total volume exported.

In addition to the increase in shipments, the average price of exported beef rose for the fifth consecutive month. The value reached US$5,815 per ton, a 19% increase year-on-year and a 3% increase compared to February.

Conflict in the Middle East puts pressure on freight and logistics costs

The geopolitical scenario in the Middle East has begun to directly affect the logistics costs of Brazilian meat exports.

According to the sector, maritime freight per refrigerated container destined for the region has more than doubled in recent months. The value jumped from approximately US$2,800 to as much as US$7,000 per container.

The increase is related to temporary restrictions on strategic routes, such as the Strait of Hormuz, as well as cargo redirections and interruptions in maritime transport.

The rise in costs increases the pressure on Brazilian exporters, especially in sales destined for Middle Eastern countries.

Brazilian Chicken Meat Exports Grow, But Middle East Loses Strength

Brazilian exports of fresh chicken meat totaled 431,000 tons in March, a 6% increase compared to the same month in 2025.

The average export price was US$1,888 per ton, practically stable year-on-year.

Even with the positive result, shipments destined for the Middle East fell 19% in March compared to February, reflecting the logistical difficulties caused by the conflict in the region.

Nevertheless, more than 100,000 tons of chicken meat were sent to the Middle East during the month.

Other markets, however, compensated for the regional slowdown. China resumed increasing purchases after the avian influenza outbreak recorded in 2025. Japan, the European Union, and South Africa also increased their imports of Brazilian chicken meat.

Pork, corn, and wheat appear among the largest growth rates

Among the products with the greatest expansion in exports in March, wheat led with an 81% increase in volume shipped compared to the previous year.

Rice grew by 79%, followed by cotton, with 45%, and frozen concentrated orange juice, which advanced 34%.

Fresh pork also registered strong performance, with a 28% increase in exports. Corn advanced 13%, while beef and chicken grew 9% and 6%, respectively.

Green coffee and cellulose exports decline

Among the segments with the worst performance in March, ethanol led the losses, with a 68% drop in shipments.

Also registering a decline were green coffee, with a 31% drop, and cellulose and refined sugar, both with a 19% decrease.

Soybean oil exports fell by 8%, while soybean grain exports saw a slight decrease of 1%.

Accumulated agricultural exports grow in the first quarter

In the accumulated period from January to March 2026, several products still show positive export performance.

Soybean grain exports registered a 6% growth in volume shipped, while soybean oil advanced 33%. Beef accumulated a 20% increase, chicken grew 5%, and pork advanced 15%.

In the sugar-energy complex, raw sugar showed a 10% increase in exports, while ethanol accumulated a 61% drop in the first quarter.

Among agricultural products, corn saw a 15% increase and orange juice advanced 13%. Green coffee, wheat, cellulose, and tobacco continue to underperform compared to the first three months of 2025.

Outlook for the coming months

The trend for the coming months is for continued strength in soybean and protein exports, driven by international demand and price recovery in some markets.

On the other hand, geopolitical instability, high logistics costs, and falling prices for products such as sugar, cotton, and coffee may limit the growth of Brazilian agribusiness revenues throughout 2026.

The Brazilian trade balance registered a lower-than-expected surplus in March, according to data released this Tuesday by the Ministry of Development, Industry, Trade and Services (MDIC), which now forecasts a positive balance of US$72.1 billion in 2026, close to the lower end of the projection made in January.

The ministry's new estimate points to exports of US$364.2 billion this year, compared to the January forecast of a range between US$340 billion and US$380 billion. For imports, the MDIC expects a value of US$292.1 billion, compared to a range of US$270 billion to US$290 billion previously.

The increase in the projected level for imports led to a forecast of a surplus for the year of US$72.1 billion, compared to the January estimate of US$70 billion to US$90 billion. In 2025, the country recorded a trade surplus of US$68.1 billion.

According to the Director of Statistics and Foreign Trade Studies at the MDIC (Ministry of Development, Industry and Foreign Trade), Herlon Brandão, import projections are affected by the level of economic activity – which has shown resilience – and international prices. He stated that the potential persistence of price shocks due to the war in Iran could lead to further revisions of trade balance projections.

"We know that the international scenario presents challenges... but based on the information we have so far, looking at economic activity, exchange rates, and consumption, the models point to this result," he said.

"And even with variations, looking at the direction and level (of the projection), we observe a relatively stable and resilient Brazilian foreign trade in the face of crises."

MARCH DATA

The result for the month of March, a surplus of US$6.405 billion, was below the expectations of economists in a Reuters poll, which pointed to a surplus of US$7.350 billion. The month's performance was the result of US$31.603 billion in exports, 10% higher than in March 2025, and US$25.199 billion in imports, a 20.1% increase in the same comparison.

In exports, there was an increase in shipments from all sectors, with the extractive industry standing out with a 36.4% increase driven by a significant rise in oil sales. Gains were 5.4% in the manufacturing industry, with higher sales of meat and fuels, and 1.1% in agriculture, with higher sales of soybeans.

On the import side, there was a 54.4% increase in the arrival of consumer goods, 26.5% for capital goods, 16.2% for fuels, and 10.4% for intermediate goods.

In the first quarter, the country accumulated a trade surplus of US$14.175 billion, above the positive balance of US$9.606 billion for the first three months of 2025.

Brazilian agribusiness earned US$12.05 billion in export revenue in February, the best result in the historical series for the month, with a 7.4% increase year-on-year driven by shipments of soybeans and meat, according to a note from the Ministry of Agriculture.

Soybean complex products (grain, meal, and oil) registered a 16.4% increase in total exports, to US$3.78 billion; followed by meat, with US$2.7 billion, a 22.5% increase.

Forestry products generated revenues of US$1.27 billion, a 1% decrease; coffee, US$1.12 billion, practically stable; and the sugar and ethanol complex had external sales of US$861.35 million, a 4.2% decrease.

China remained the main destination for Brazilian agricultural exports, with US$3.6 billion and a 30.5% share of total exports. Next were the European Union, with US$1.8 billion (15.2%), and the United States, with US$802.9 million (7%).

Brazil’s trade balance reached a $4.2 billion surplus ​in February, the Ministry of Development, Industry, ‌Trade and Services said on Thursday (March 5), swinging from a year-earlier deficit

Exports ​from Latin America’s largest economy rose ⁠15.6% from a year earlier to $26.3 billion, ​while imports dropped 4.8% to $22.1 billion.

Brazil posted ​a $500 million deficit in February 2025.

The country’s economy is showing clearer signs of slowing after the ​central bank held interest rates at a ​nearly 20-year high of 15% since July last year.

Brazilian ‌shipments ⁠of items such as crude oil, iron ore and soybeans rose, while those of products including cotton and sugar declined.

On ​the import ​side, which ⁠is more diversified, the main drag in the month came ​from a fall in purchases of ​non-electric ⁠engines and machines.

In January, the ministry estimated that Brazil’s trade surplus this year will ⁠range ​between $70 billion and $90 billion, ​above the $68.3 billion surplus recorded in 2025.

Exports Grow and Positive Balance Reinforces Brazilian Foreign Trade at the Beginning of the Year

Brazil's trade balance registered a surplus of US$5.136 billion between January and the second week of February 2026, with a total trade flow of US$72.625 billion. The preliminary data was released this Thursday (February 19th) by the Foreign Trade Secretariat of the Ministry of Development, Industry, Trade and Services (MDIC).

Surplus and Trade Flow at the Beginning of 2026

During this period, the country exported US$38.88 billion and imported US$33.744 billion, guaranteeing a positive balance for foreign trade.

In the second week of February, the weekly results showed:

Surplus: US$ 1.501 billion

Exports: US$ 6.952 billion

Imports: US$ 5.451 billion

Weekly trade flow: US$ 12.403 billion

Accumulated figures for the month up to the second week:

Exports: US$ 13.727 billion

Imports: US$ 12.934 billion

Positive balance: US$ 793 million

Trade flow: US$ 26.661 billion

Growth in daily averages of exports and imports

Compared to February 2025, there was significant growth in daily averages:

Exports: daily average of US$ 1.30 billion (+20.7% compared to 2025)

Imports: daily average of US$ 1.29 billion (+11.4% compared to 2025)

O Performance reinforces the recovery of Brazilian foreign trade and the strengthening of the country's presence in international markets.

Performance by economic sectors

Exports

Extractive Industry: +57.2%

Manufacturing Industry: +15.9%

Agriculture: +1.4%

Imports

Extractive Industry: +20.0%

Manufacturing Industry: +11.8%

Agriculture: -13.4%

The growth in exports of manufactured goods and the extractive industry contributes to the increase in the surplus, while the decline in imports from the agricultural sector indicates an adjustment in input flows.

Economic context and Central Bank projections

According to the Central Bank of Brazil, the 2025 trade surplus was US$ 60 billion, a decrease of 8.9% compared to the previous year, due to increased imports. Projections for 2026 indicate a continued positive balance, with exports between US$340 billion and US$380 billion and imports between US$270 billion and US$290 billion.

This performance reinforces the importance of foreign trade for the Brazilian economy, especially for the agro-industrial sector, which maintains a significant share of exports.

Brazil ran a current account deficit of $68.791 billion in 2025, equal to 3.02% of gross domestic product, the central bank said on Monday. The result was broadly in line with 2024, when the deficit totaled $66.168 billion, or 3.03% of GDP.

Fernando Rocha, head of statistics at the central bank, said the current account position remained “quite robust.” He noted the deficit had been widening through February 2025 alongside stronger domestic demand, then stabilized through November before narrowing in December. The 2025 shortfall was the largest for the year since 2014, when it reached $110.5 billion.

Rocha said the external deficit was financed by long-term capital inflows, mainly foreign direct investment, which he described as high quality in both flows and stock. Foreign direct investment in the country totaled $77.676 billion in 2025.

He also said Brazil’s trade flow expanded in 2025, with record exports and imports, underscoring deeper integration into the global economy. Against that backdrop, he said the trade surplus posted a “slight reduction,” by $5.9 billion.

That was partly offset by a $2.2 billion narrowing in the services deficit and a $1 billion increase in the secondary income surplus. The primary income deficit—payments such as interest, profits and dividends—was broadly unchanged from 2024.

The central bank released the annual figures alongside December 2025 data, which showed a current account deficit of $3.363 billion, down from a $10.237 billion deficit in December 2024.

The December result was the smallest for that month since 2015, reflecting higher surpluses and smaller deficits across items in the balance of payments. The standout was the trade balance, which improved by $4.7 billion.

Goods exports totaled $350.899 billion in 2025, up 3.2% from 2024, while imports rose 6.2% to $290.947 billion. The trade surplus reached $59.952 billion, down 8.9% from $65.842 billion in 2024.

The services account—covering items such as travel, transport, equipment rentals and insurance—posted a deficit of $52.940 billion in 2025, a 4.1% improvement from a $55.182 billion deficit in 2024.

One key year-on-year change was a $5 billion reduction in net spending on personal, cultural and recreational services. The central bank attributed that shift to a regulatory change that, from January 2025, required online betting operators to become resident companies, meaning betting transactions no longer appeared in the external sector balance of payments.

Net receipts from financial services increased by $1.1 billion.

On the other hand, net spending rose by $2.5 billion for intellectual property services and by $941 million for telecommunications, computer and information services—categories tied to digital platform transactions such as streaming services and software sales.

In travel services, the deficit widened in 2025 to $13.850 billion, reflecting $7.865 billion in receipts—spending by foreign visitors in Brazil—and $21.715 billion in expenditures by Brazilians abroad.

Rocha said spending by tourists in Brazil was the highest in the historical series that began in 1995.

Brazil registered a total positive foreign exchange flow of US$1.544 billion in January up to the 16th, driven by the financial channel, which has accumulated net inflows of almost US$3 billion this year, the Central Bank reported on Wednesday.

The latest data are preliminary and are part of the statistics related to contracted exchange rates.

Through the financial channel, there were net inflows of US$2.939 billion in January up to the 16th. This channel includes foreign direct and portfolio investments, profit remittances, and interest payments, among other operations.

Through the commercial channel, which accounts for exports and imports, the balance for January up to the 16th was negative US$1.395 billion.

WEEK

Last week, from January 12th to 16th, the total exchange rate flow was positive at US$2.215 billion, with the financial channel being the highlight, with a net inflow of US$2.524 billion. On Friday the 16th alone, US$1.674 billion entered the country through the financial channel.

This movement occurs amidst reports in the market, in recent days, of a strong flow of investments into Brazil, especially into the stock market, which continues to be considered attractive by foreign investors.

Last week, the commercial channel registered a net outflow of US$309 million.

Rabobank report highlights IPCA within target, record exports, and challenges for industry. Fed and Mercosur-EU agreement also moved the global scenario

Inflation ends 2025 within target for the first time in five years

The Broad National Consumer Price Index (IPCA) advanced 0.33% in December, according to Rabobank, ending 2025 with a 4.3% increase — within the inflation target tolerance range for the first time since 2020. The result was close to market projections (0.32%) and below the November index (0.18%).

The appreciation of the real and the restrictive monetary policy helped contain inflationary pressures throughout the year, reducing costs of food, fuel, and industrial goods. The Transportation group was the main highlight in December, driven by airfares (+12.6%) and ride-hailing services (+13.8%), while Housing showed a decrease of 0.33%, influenced by the reduction in electricity tariffs.

Energy was, in fact, the item that most pressured inflation in 2025, with a rise of 12.3%, due to the constant use of tariff flags. For 2026, Rabobank projects inflation of 4.2%, considering a gradual slowdown in the economy and less impact from the agricultural harvest, although fiscal and exchange rate risks may affect the result.

Brazilian industry remains stable and signals a slowdown

Industrial production remained stable in November (0.0%), frustrating growth expectations. Compared to 2024, there was a decrease of 1.2%, with 15 of the 25 sectors analyzed showing a decline. The largest declines occurred in extractive industries (-2.6%), chemicals (-1.2%), and motor vehicles (-1.6%).

On the other hand, pharmaceuticals saw a significant increase of 9.8%. The categories of intermediate goods and durable consumer goods registered contractions, while capital goods and non-durable goods advanced slightly.

Even with modest performance, the industrial sector is still 3.2% above pre-pandemic levels. Rabobank predicts, however, that the scenario of high interest rates and restricted credit will continue to limit expansion in 2026.

Exports drive trade surplus above expectations

The Brazilian trade balance closed 2025 with a surplus of US$ 68.3 billion, exceeding market forecasts. In December, the positive balance was US$ 9.6 billion, resulting from exports of US$ 31 billion and imports of US$ 21.4 billion.

Among the export highlights are crude oil (+74%), soybeans (+73.9%), iron ore (+33.7%), beef (+70.5%), and coffee (+52.9%). China remains the main destination for Brazilian products, with a 39.1% increase in purchases, followed by Europe (+34.2%).

Imports grew moderately (+0.9%), driven by fuels (+42.9%) and fertilizers (+25.4%), reflecting the gradual slowdown of the domestic economy.

European Union confirms support for the agreement with Mercosur

After 25 years of negotiations, the member states of the European Union confirmed their support for the free trade agreement with Mercosur, which could eliminate up to €4 billion in tariffs on products imported from the South American bloc.

The pact foresees zero tariffs for fruits and coffee and a gradual reduction of tariffs for meat, sugar, ethanol, and rice over up to ten years. The official signing is scheduled for the coming days in Paraguay, according to sources from Valor Econômico and Estadão.

Global market attentive to Powell and the US economy

In the United States, the job market created 50,000 jobs in December, below projections. The unemployment rate fell slightly to 4.4%, and Federal Reserve Chairman Jerome Powell was subpoenaed by the Department of Justice for alleged irregularities in the renovation of the institution's building — a fact that reignited debates about the Fed's independence and political pressures on monetary policy.

The global dollar showed moderate appreciation, but the real was one of the best-performing emerging market currencies, appreciating 0.71% during the week, quoted at R$ 5.38. Rabobank projects that the exchange rate will end 2026 at R$ 5.60, influenced by fiscal and political uncertainties.

Macroeconomic Scenario: 

What to Expect in 2026

Rabobank maintains its GDP growth projections at 1.6%, the Selic rate at 12.5% ​​per year, and a trade balance surplus of US$68 billion for 2026. However, the institution warns that the environment of fiscal and geopolitical uncertainties, as well as the electoral calendar, could bring volatility to the markets.

Despite the risks, the bank sees solid fundamentals in the Brazilian economy, with inflation under control and a favorable external position, factors that should support the real and foreign trade in the coming months.

This performance was driven by increased sales of soybeans, corn, meat, and sugar, consolidating agribusiness as the main driver of Brazil's trade balance in 2025.

Agribusiness sector drives Brazilian trade balance.

Brazilian agribusiness ended 2025 with record exports of US$169.2 billion, according to data released by Itaú BBA's Agro Consulting firm. The value surpassed the previous record, registered in 2023. Imports also reached the highest level in the historical series, totaling US$ 20.1 billion, resulting in a surplus of US$ 149.1 billion — a 2.8% increase compared to 2024.

The sector maintained strategic relevance in the national economy, representing 49% of all Brazilian exports in 2025, consolidating itself as one of the pillars of the trade balance.

Soybeans lead exports and beef gains prominence

Soybeans were once again the mainstay of foreign sales, with 108 million tons shipped, a 10% increase compared to 2024. Even with a 7% drop in average prices, the soybean complex (grain, meal, and oil) generated US$ 52.9 billion in revenue.

Beef exports also registered strong performance

 3.1 million tons were exported, a 21% increase, with an average price of US$ 5,374/t, resulting in US$ 16.6 billion in revenue.

Other animal proteins, such as pork, grew 12% in volume, while fresh chicken meat fell by 6%, reflecting the avian flu outbreak recorded in the middle of the year, which restricted import markets.

Coffee and pulp sustain gains amid volume declines

Even with an 18% decrease in export volume, green coffee reached a historical revenue record, totaling US$ 14.9 billion. The result was driven by a 60% increase in the average price of the product, which reached US$ 6,550/t.

Cellulose also stood out, with a 13% growth in export volume, totaling US$10.25 billion in sales, despite the fall in average international prices.

Sugar and ethanol face contraction with a more competitive international market

The sugar-energy complex was impacted by the fall in global prices and the increase in international supply, which reduced Brazilian shipments.

Raw sugar (VHP) saw a 12% decrease in volume and a 14% decrease in price, resulting in revenue of US$12.08 billion. Refined sugar fell 10% in volume and 16% in price, generating US$2.03 billion.

Ethanol, in turn, registered a 15% reduction in export volume, but with a slight increase of 4% in prices, totaling US$934 million in revenue.

Corn and Cotton Maintain Steady Growth

Corn exports reached 41 million tons, a 3% increase, generating US$8.47 billion in revenue. Cotton lint exports reached a record high volume, totaling 3 million tons—a 9% increase—although average prices fell by 12%, totaling US$4.93 billion.

China Maintains Leadership in Purchases of Brazilian Agribusiness

China continued to be the main destination for agribusiness exports, with US$55.3 billion in purchases—an 11.3% increase compared to the previous year. The main products shipped were soybeans, beef, and cellulose.

The European Union remained the second largest trading partner, with US$25.2 billion in imports, an 8.6% increase, concentrated in coffee, soybeans, and cellulose.

The United States accounted for US$11.4 billion in purchases, a 5.6% decrease, due to the maintenance of tariffs on some Brazilian products.

Outlook 

Diversification and added value remain challenges

According to Itaú BBA, Brazilian agribusiness will end 2025 with a solid performance, but faces the challenge of diversifying markets and increasing the added value of its exports. The trend for 2026 is for adjustments in international prices and increasing competition between sugar and ethanol, especially with the increase in corn production and global demand for biofuels.

Result is 11.3% higher than the 2024 harvest

Soybeans continue to have the largest share, accounting for R$322.1 billion; peanuts saw the largest growth among crops

Soybeans continue to have the largest share, accounting for R$322.1 billion; peanuts saw the largest growth among crops — Photo: Antônio Neto/Embrapa

The Gross Value of Agricultural Production (GVP), based on August 2025, reached R$1.406 trillion, according to data released today by the Ministry of Agriculture. This figure is 11.3% higher than the 2024 harvest.

For crops, the ministry indicated a 10.8% increase in GVP, which is expected to close the year at R$928.07 billion, up from R$837.52 billion the previous year. Among the products, highlights included peanuts, with a 43% increase, coffee (47.2%), soybeans (8.8%), corn (11.7%), castor beans (38%), and cotton (8.4%).

The most significant negative variations were recorded in potatoes (-61.1%), oranges (-17.9%), beans (-15.9%), rice (-10.2%), bananas (-3.5%), and sugarcane (-1.3%).

Regarding livestock farming, the Ministry of Agriculture (Ministério da Agricultura) indicates a 12.3% increase in GDP, rising from R$425.77 billion last year to an estimated R$478.08 billion for this year.

The ranking of the top five products that showed improved performance compared to the 2024 harvest was as follows: beef (20.5%), chicken (4.7%), milk (5.2%), pork (9.6%), and eggs (14.1%).

Regarding production values, soybeans continue to have the largest share, accounting for R$322.1 billion, followed by corn with R$164 billion, sugarcane with R$117.9 billion, coffee with R$115.2 billion, and cotton with R$36.6 billion. These five products combined accounted for 53.8% of the total GVP.

In livestock, cattle farming accounts for R$204.1 billion, poultry for R$111 billion, and milk for R$71.5 billion, with cattle farming accounting for 14.5% of the total GVP.

States

Regarding regional dynamics, the state of Mato Grosso represents 15.7% of the total GVP, with R$221.3 billion, followed by Minas Gerais with 12% and R$168.3 billion, São Paulo with 11.3% and R$159 billion, and Paraná with 11.2% and R$157.4 billion.

An analysis of products shows that, in Mato Grosso, soybeans, corn, cotton, and cattle represent 93% of the total state GVP, R$221.3 billion. In Minas Gerais, coffee, soybeans, and milk stand out, with a 57% share of R$168.3 billion. In São Paulo, sugarcane, coffee, and oranges account for 63.6% of the total R$159 billion. Finally, in Paraná, corn, soybeans and chicken represent 63.5% of the total of R$157.4 billion.

The Brazilian trade balance registered a trade surplus of US$1.324 billion in the second week of September. According to recently released data from the Foreign Trade Secretariat of the Ministry of Development, Industry, Commerce, and Services (MDIC), this figure was achieved with exports of US$6.935 billion and imports of US$5.611 billion.

For the year, from January to September 2025, the surplus totals US$44.572 billion – an 18% decrease compared to the same period in 2024, when the surplus was US$58.702 billion. The 2025 surplus is the result of US$240.847 billion in exports and US$196.274 billion in imports.

In the first two weeks of September, compared to the same period in September 2024, exports fell 2.2% to US$13.263 billion. This was due to a 4.0% drop in Agriculture, which totaled US$2.603 billion; a 1.1% drop in Extractive Industries, which reached US$2.852 billion; and, finally, a 2.8% drop in Manufacturing Industries, which reached US$7.643 billion.

On the other hand, imports grew 3.3% in the first two weeks of September, totaling US$11.503 billion in the same comparison, with an 11.1% drop in Agriculture, which totaled US$195 million; a drop of 8.9% in the Extractive Industry, which reached US$ 668 million and, finally, growth of 5.0% in the Manufacturing Industry, which reached US$ 10.611 billion.

The Central Bank's Economic Activity Index (IBC-Br) fell 0.5% in July compared to the previous month, according to seasonally adjusted data released by the Central Bank on Monday, a deeper contraction than economists expected.

It was the third consecutive month of decline for the index, which is seen as a signal for Gross Domestic Product. Economists surveyed in a Reuters poll expected a 0.2% contraction.

Compared to July 2024, the IBC-Br rose 1.1%.

The data comes on the eve of the Central Bank's Monetary Policy Committee meeting, where directors are expected to decide to maintain the Selic rate at 15% amid concerns about inflation projections and expectations. The interest rate announcement will be made on Wednesday.

Record shipments of beef tallow, seeds, beans, and peanut oil reinforce the diversification of exports and MAPA's strategy of expanding markets and adding value.

Brazilian agribusiness exports reached US$14.29 billion in August 2025, a 1.5% increase compared to the same month last year. This result was driven by a 5.1% increase in shipped volume, which offset the 3.4% drop in average international prices.

Soybeans, fresh beef, and corn accounted for the majority of the growth. Soybean shipments totaled 9.3 million tons, up 16.2% from August 2024, generating US$3.88 billion in revenue (+11%). Beef exports totaled 268,000 tons, a 23.5% increase compared to the previous year, totaling US$1.5 billion (+56%). Corn totaled 6.8 million tons, a 12.9% increase, generating US$1.36 billion (+17%).

In addition to traditional export products, some items achieved their best performance in history in August, a result of the market diversification strategy. Beef tallow exported 64,700 tons, a 17.2% increase compared to August 2024, totaling US$74.1 million (+36.4%), the highest value and volume ever shipped for the month. Oilseeds (excluding soybeans) reached 68,500 tons, a 10% increase, with revenue of US$71.3 million (+16.5%), both at record levels. Beans totaled 58,400 tons, a 29% increase, generating US$49.5 million (+27.5%). Pet food reached US$35.9 million, a 22.6% increase compared to the same period last year, also a record for the month. Another highlight was peanut oil, which grew from 2,900 tons in August 2024 to 13,300 tons in August 2025, a 358% increase, with revenue of US$20 million (+573.4%).

Geographic Expansion of Destinations

China remains the largest buyer of Brazilian agricultural products, with US$5.12 billion (a 32.9% increase compared to August 2024), representing 35.8% of the sector's total exports. It is followed by the European Union, with US$1.9 billion.

Among the expanding markets, Mexico stands out, with US$339 million, Brazil's second-largest trading partner in Latin America. Compared to August 2024, its imports nearly doubled (+91.9%), driven primarily by meat. Egypt, with US$342 million, a 14% increase in purchases, driven by corn. Also noteworthy is the growth in sales to Asian countries such as India (+37.3%) and Thailand (+9.5%).

The August results reflect the market opening and diversification strategy implemented by the Ministry of Agriculture and Livestock. In August 2025 alone, 22 new markets were opened, and since August of last year, the number of authorized destinations has increased from 58 to 72. This growth is a direct result of the 55 international trade negotiation and promotion missions held in 2025, which have expanded access to different production chains.

 The Path to Brazilian Independence

Brazil’s independence was a pivotal moment in history, marking the country’s break from Portuguese colonial rule. The occupation and exploitation of Brazil by Portugal began in 1500, shaping the nation’s economic and political landscape for over three centuries.

The driving force behind Brazil’s political emancipation was Dom Pedro I, son of King João VI of Portugal. The push for independence was fueled by growing pressure from local elites and a series of independence revolts. During this period, several Latin American nations were also engaged in wars against their colonial rulers, intensifying the regional demand for sovereignty.

The defining moment of Brazil’s independence came with the famous “Grito da Independência” (Cry of Independence) on September 7, 1822. Dom Pedro I proclaimed the country’s separation from Portugal on the banks of the Ipiranga River in São Paulo. Shortly after, he was crowned Emperor of Brazil, marking the beginning of the Brazilian Empire, which lasted until 1889.

Brazil’s Independence Day is widely celebrated across the country. Most cities host military parades and student processions, paying tribute to the historical significance of the nation’s sovereignty. The date remains a symbol of national pride and unity.

In the last week of August, the surplus was US$1.474 billion, with sales of US$7.145 billion and purchases of US$5.671 billion.

The Brazilian trade balance recorded a trade surplus of US$6.133 billion in August, after a surplus of US$7.075 billion in July. According to data from the Secretariat of Foreign Trade (Secex) of the Ministry of Development, Industry, Commerce and Services (MDIC) released this Thursday, the 4th, the figure was achieved with exports of US$29.861 billion and imports of US$23.728 billion.

In the last week of August, the surplus was US$1.474 billion, with sales of US$7.145 billion and purchases of US$5.671 billion.

Year-to-date

For the year, the surplus is US$42.812 billion. Exports, comparing the value from January to August 2025 (US$227.58 billion) with the same period in 2024 (US$226.54 billion), showed a 0.5% increase. Imports grew 6.9% between the value for the first eight months of 2025 (US$184.77 billion) and the same period in 2024 (US$172.91 billion).

Projections

Last month's result was slightly above the median of financial market estimates, as indicated in the Broadcast Projections survey, of a trade surplus of US$6.050 billion in August.

Projections for this reading ranged from US$5.200 billion to US$6.500 billion.

Composition

In August, exports increased by 3.9% compared to the same period in 2024, with an 8.3% increase in Agriculture, totaling US$6.664 billion; an 11.3% increase in Extractive Industries, reaching US$7.263 billion; and, finally, a 0.9% decrease in Manufacturing, reaching US$15.766 billion.

Imports fell by 2.0% in August compared to the same month last year, with a 0.4% increase in Agriculture, totaling US$440 million; a 26.5% increase in Extractive Industries, reaching US$1.758 billion; and, finally, a 3.8% decrease in Manufacturing, reaching US$21.388 billion.

The Brazilian government concluded sanitary and phytosanitary negotiations last week, resulting in new market openings for national agribusiness products.

In Togo, local authorities authorized the import of corn, brachiaria, soybean, and sorghum seeds from Brazil. Brazilian seeds are internationally recognized for their high genetic quality, excellent germination rates, and stringent health standards, the result of continuous investment in research and innovation, which contributes to higher productivity and food security in partner countries.

In Indonesia, local authorities approved the import of live cattle for breeding, which will help strengthen local livestock production while offering Brazilian producers new opportunities to expand business in Asia.

With these announcements, Brazilian agribusiness has achieved 415 market openings since the beginning of 2023, in 71 destinations.

These advances are the result of joint efforts between the Ministry of Agriculture and Livestock (Mapa) and the Ministry of Foreign Affairs (MRE).

Source: Ministry of Agriculture

Exports drive a US$1.28 billion trade surplus in the second week of August, driven by growth in the agricultural, extractive, and manufacturing sectors. Brasília, 11 – The Brazilian trade balance recorded a trade surplus of US$1.286 billion in the second week of August. According to data from the Foreign Trade Secretariat of the Ministry of Development, Industry, Commerce, and Services (MDIC) released this Monday, the 11th, the figure was achieved with exports of US$6.727 billion and imports of US$5.441 billion.

The accumulated surplus for the month of August is US$2.217 billion. For the year, the surplus totals US$39.199 billion.

Through the second week of August, compared to August 2024, exports grew 13.0%, totaling US$8.86 billion. This result was due to 13.1% growth in Agriculture, totaling US$1.90 billion; 17.0% growth in Extractive Industries, reaching US$2.08 billion; and, finally, 11.3% growth in Manufacturing, reaching US$4.83 billion.

Imports also grew 0.5%, totaling US$6.64 billion in the same comparison, with a 13.0% drop in Agriculture, totaling US$104 million; 14.6% growth in Extractive Industries, reaching US$434 million; and, finally, a 0.1% drop in Manufacturing, reaching US$6.06 billion.