AEB predicts growth of Brazilian exports

The Brazilian Foreign Trade Association (AEB) predicted, last Wednesday (16), Brazilian exports are expected to grow 13.7% in 2021 compared to 2020, to 237.3 billion dollars, with foreign sales of the country becoming more dependent on products such as soybeans, oil and iron ore. 

In a statement, the association said that with higher prices and lower growth in shipped volumes, these three products will increase their share of the total exported by Brazil to a record 40.2%. 

Foreign oil sales are expected to close 2021 at US$23.25 billion, up from US$19.8 billion in 2020, with AEB considering that among the three main export products, the energy commodity will have the largest increase in volume (5%), to 75 million tons.

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