Brazilian livestock revenues up 27%

september 2 2016

The Association of Brazilian Beef Exporters (Abiec) released this Thursday (1) its annual report in which it says that the livestock production chain generated BRL 483.5 billion (USD 148.47 billion) last year, an increase of 27% over 2015.

According to the association, the chain's primary activities, including cattle farm raising, generated BRL 147.03 billion (USD 45.15 billion); with industry at BRL 145.88 billion (USD 44.79 billion); and with wholesale at BRL 176.36 (USD 54.15 billion). According to Abiec, since the first survey of the series in 2010, there was an increase of 44.7%.

The association adds that livestock's Gross Domestic Product (GDP) accounts for 30% of the GDP of the Brazilian agricultural sector, which, in its turn, accounts for 21.5% of the country's GDP. In this respect, livestock's share in Brazil's economy is 6.8%.

Within foreign trade, Brazilian beef exports totaled USD 5.9 billion in 2015, which accounted to 3% of all of Brazil's foreign sales last year.

In this sector, Arab countries are some of the main clients of Brazilian exporters. From January to July of this year, Egypt ranked third among Brazil's largest markets, trailing only Hong Kong and the European Union. Saudi Arabia is in the 10th position.

"In contrast to the negative wave impacting the majority of the sectors of the Brazilian economy, agribusiness continues to grow, and beef's agro industrial system is one of the most dynamic of the sector", said Abiec's president, Antônio Jorge Camardelli, in a statement.

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