According to the Brazilian agribusiness trade balance data for March, exports keep growing year after year. This month, the value of goods traded abroad reached US$ 16 billion, a 10.6% increase when compared to the same period in 2022. The results followed a growing trend of the entire Brazilian trade balance. Brazil is one of the world’s main producers of bananas. In 2021, according to data from the Food and Agriculture Organization of the United Nations (FAO), Brazilian production was the fourth largest in the world, only behind India, China, and Indonesia.
However, as Brazil is the world’s largest banana consumer, according to EMBRAPA, it does not hold a prominent position in international trade; being the 18th largest exporter. Guatemala leads the ranking.
In 2022, Brazilian banana exports totaled US$ 37.3 million, a record value in the analysis since 2012, representing an increase of 0.6% compared to 2021. In terms of volume, 84 thousand tons were exported in 2022, 22.4% lower than the previous year. This shows the valuation of the international price of the product.
In 2023, banana exports from Brazil reached, in the accumulated worth from January to March, US$ 10.1 million, the third-best result in the analyzed period, 2013-2023. This performance is 12% lower than that seen in the same period in 2022. In 2023, the three main destinations for banana exports are Argentina (39.9% of the total); Uruguay (30.8%); and the European Union (26.5%).
Source: brazilianfarmers.com