Brazil’s export market is strongly affected by economic events in China, according to a joint Agricultural Outlook report from the OECD and FAO.
Brazil’s agricultural exports to China have surged since 2000, especially in the last five years. The main exports are oilseeds, vegetable oil, cotton, sugar and poultry.
In 2014, about 71 per cent of total oilseeds exports, or 35 per cent of Brazil’s total production, were exported to China, which also accounted for about 40 per cent of China’s total oilseeds imports.
The export shares of vegetable oil and cotton to China in Brazil’s total export were also high in 2014, at 28 per cent and 24 per cent respectively. The export shares of sugar and poultry to China in Brazil’s total export were smaller at 9.5 per cent and 6.4 per cent respectively.