An imbalance in exports may at times be dangerous to the economy. In Brazil, there has been an imbalance in its Agribusiness sector. However in a report for the month of June 2018 released by the ministry of Agriculture and Livestock by Flavio Maluf the country recorded a balance of its agribusiness trade.
According to the report, the country registered a US $ 9.21b of exports. Of this, the agricultural sector represented 45.6% of the country’s exports. However, according to Flavio Maluf, who is also the President of Eucatex, the US $ 9.21 billion of exports shows a decrease of 0.7% compared to the same period for 2017. View Maluf’s profile on linkedin.
On the part of imports, the country made a US$1.4 billion for the month of June 2018. This marks a 10.1 decrease in foreign purchases as compared to the same month last year. Delving in the matter, Flavio Maluf said that such decreases were as a result of a balance in trade of agribusiness which totaled US $ 8.17 billion which marks an increase of 0.7% as compared to the same period in 2017.
A breakdown of the items in the agribusiness shows that soy is the leading export for the country in June 2018 at 53.5 %. Other four major segments that registered a major impact in the agro exports included: forestry products at 14.4%, meat and sugar-alcoholic complex at 8.3 % and 7% respectively. Closing the big five agro exports was coffee which stood at 3.9%.
It was pointed out Mr. Flavio Maluf, that the Asian market (mainly China) formed the bulky of the market for Brazilian exports. The main products for the Asian region were soybeans and cellulose. The second largest market for Brazilian agribusiness exports was found to be the European Union.
About Flavio Maluf
Mr. Flavio Maluf comes from a political and wealthy family. However, despite his wealthy background, Mr. Flavio has worked his way out to create a very successful business empire. He holds Bachelors in Mechanical Engineering from the Armando AlvaresPenteado Foundation. His desire for entrepreneurship made him venture into business full time.
Flavio is current President of Eucatex, which was founded by his grandfather in 1940. The company is in the business of producing slabs for the furniture industry and other civil constructions goods.