Brazil: Record beef exports in July 2024

Key Export Destinations

A key factor driving this growth has been increased shipments to China , which has become the largest importer of Brazilian beef with volumes of 123,400 tonnes and revenues of $537.68 million. However, it is not only China that has become an important market. Exports to the United Arab Emirates rose 18.6% to 11,145 tons, while the Philippines received 12,462 tons, up 49.3% from June. Russia also increased its imports significantly , receiving 11,259 tons, up 67.5% from the previous month.

Hong Kong also showed positive growth, receiving 11,453 tonnes of Brazilian beef, up 23.5% from June. Interestingly, Indonesia, which has not been a major destination for Brazilian exports in recent years, also increased its purchases, receiving about 2 thousand tons of meat - the highest volume since August 2022.

Reasons for the growth

According to the president of the Brazilian Association of Meat Exporters (Abiec), active promotion of Brazilian meat through public-private partnerships played a key role in achieving these results. The export success can also be attributed to the high quality standards of Brazilian products and the growing demand for beef in Asia and the Middle East.

In addition, Brazil is actively working to improve logistics and supply, which allows it to quickly respond to the needs of foreign markets. Sustainable livestock development and compliance with international standards also help strengthen the position of Brazilian beef in the global market.

Outlook

Given current trends, experts expect Brazil to continue to increase its beef export volumes in the coming months. Increased supplies to new and traditional markets, as well as active promotion of Brazilian meat on the international stage, create favorable conditions for growth. It is important to note that such success in exports not only contributes to the economic development of the country, but also creates new jobs in the agricultural sector.