In October, Brazil witnessed a surge in fruit exports, including citrus peel and melons, leading to a positive shift in the trade balance. According to Comex Stat, export revenue for Brazil in October was $164.56 million (FOB), marking a 45% increase from September, while import expenses were up 17% to $108.94 million. This resulted in a year-to-date surplus of $45.24 million, the smallest in a decade, with total exports at $907.56 million and imports at $862.32 million.
Mangoes, lemons, limes, and melons were key to this turnaround, contributing to over 60% of the total export revenue up to October 2024. Despite a decrease in grape exports due to a crop shortfall in the São Francisco Valley, the sector remains resilient. The majority of Brazilian fruit exports were destined for Europe (76%) and North America (12%), with the rest mainly heading to South America and Asia. The outlook for Brazilian fruit exports remains positive, with expectations to maintain the surplus in the coming months.
Source: DatamarNews