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According to the Ministry of Agriculture, Livestock and Supply, agribusiness Gross Domestic Product (GDP) should reach R$ 1.03 trillion in 2014, an amount 4% higher than in 2013 (R$ 991.96 billion). If the forecast is confirmed, the sector’s GDP will have grown 34% in ten years.
Agribusiness exports maintained their upward trend, reaching US$ 99.97 billion in 2013, up 4.3% compared to 2012. Brazil is world leader in exports of coffee, sugar, orange juice, beef, chicken, soybeans and corn. And there’s more: of every four agricultural products consumed in the world, one is Brazilian.
The share of agribusiness in the trade balance is increasingly significant. In 2013, the sector accounted for 41.28% of Brazil’s exports. China overtook the European Union and is now the main destination for Brazilian agribusiness exports: 22.9% of the total goes to that country. In 2013, China imported US$ 22.88 billion in Brazilian agricultural products, up 27.3% compared to 2012.
Between the crops of 2001-2002 and the years 2013 – 2014, the production of grains in Brazil increased by 98% while the area under cultivation increased by only 40%. The increase in productivity was due to agricultural research and investments in technology and innovation. For Livestock, the results are even better: The sector grew at a rate of 5% per year. Brazil today has the largest cattle herd in the world – 210 million head. This expansion was due to advances in the areas of genetics, control of disease and the quality of feed.