"Thanks to the United States," data shows: Brazil's beef exports to China hit a record high in September
The Trump administration in the US struck a "seven-harm punch" with tariffs, which harmed others but backfired on itself.
According to Reuters on October 8, after President Trump imposed high tariffs on Brazil and China, Brazil expanded its exports of agricultural products to new markets such as China. Latest data shows that Brazil's beef and soybean exports to China have surged recently, pushing both agricultural products' total exports to record highs.
Reuters said that in the global trade reshuffle caused by American tariffs, Brazil has been expanding its exports to new and traditional markets. Not only grains, but also beef exports have shown similar trends, with export volumes reaching record levels.
On the 8th, the Brazilian Association of Frozen Foods (Abrafrigo) stated that beef exports to China in September increased by 38.3% year-on-year, reaching 187,340 tons, setting a new monthly export record, while also pushing the total beef exports for the month to a new historical high.
Data shows that in September, Brazil's total beef exports, including fresh meat, processed meat, edible offal, and tallow, reached 1.92 billion USD, with a sales volume of 373,867 tons. The value increased by 49% year-on-year, and the volume increased by 17% year-on-year.
The association said that strong global demand for beef helped Brazil offset the impact of U.S. tariffs on its exports. In August, the U.S. imposed a 50% tariff on several Brazilian goods, including beef, with an overall tariff rate of up to 76.4%.
"This strong performance came in the second month after the U.S. imposed additional tariffs on Brazilian products," said the Brazilian Association of Frozen Foods, "which shows the resilience of Brazil's beef industry and its ability to seize new business opportunities."
The association said that this year, 130 countries have increased their purchases of Brazilian beef, while 48 countries have reduced their purchases.
Among them, China is the largest market for Brazilian beef, and has significantly increased its purchases.
Previously, the United States was Brazil's second-largest market for beef, but in September, Brazil's beef exports to the U.S. fell by 41%, reaching 102.9 million USD. In contrast, the EU's purchases surpassed those of the U.S., reaching 131.7 million USD, an increase of 106% year-on-year, becoming Brazil's second-largest beef export market. In the EU, the main buyers of Brazilian beef are Italy, the Netherlands, and Spain.
The association's analyst emphasized, "With competitive prices, an expanding trading partner network, and strong international demand, Brazil is consolidating its position as a leading global beef supplier."
Original: www.toutiao.com/article/1845473905220617/
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