Tags:Ball Valves Pipe Fitting Basin Taps
Brazil's agricultural export reached a record 71.9 billion U.S. dollars in 2008, up 23 percent from 58.5 billion dollars in 2007, the country's Agriculture Ministry said Friday.
Its agricultural imports totaled 11.8 billion dollars in 2008, up 35.8 percent from that in 2007. It was the first time the country's agricultural imports surpassed 10 billion dollars.
Meanwhile, trade surplus in the agricultural sector also reached a record 60 billion dollars.
China was the largest purchaser of the Brazilian agricultural products in 2008 with 11 percent. It was followed by the Netherlands with 9 percent and the United States with 8.7 percent.
Soy exports, including soybeans, oil and flour, registered an increase of 58 percent in 2008. It remained to be Brazil's hottest agricultural export product with revenues reaching 18 billion dollars.
Meat exports were up 29 percent and ranked second. It had generated revenues of 14.5 billion dollars.
According to the ministry, wheat imports cost Brazil 1.9 billion dollars in 2008 as a result of a 48 percent increase in wheat prices.