According to data released by Abrafrigo, the association of brazilian meat manufacturers, Brazil’s beef exports in the first half of 2020 were approximately 910,000 tons, an increase of 9% year-on-year, and the export value was US$3.9 billion, an increase of 25% year-on-year. Among them, Brazil’s beef export volume in June was 172,000 tons, an increase of 28% year-on-year; the export value was US$ 740 million, an increase of 48% year-on-year, both of which reached a highest record.
As in 2019, China remains the largest buyer of Brazilian beef. In the first half of the year, China imported a total of 519,000 tons of Brazilian beef, accounting for 57% of Brazil's total exports. Among them, China imported 365,000 tons, an increase of 148% over the same period last year; Hong Kong, China imported 154,000 tons of beef, a year-on-year decrease of 10.5%. In terms of imports, the total amount of Brazilian beef purchased by the Chinese market reached US$2.37 billion, accounting for 60.5% of Brazil's total beef exports. In the first half of last year, China’s total imports accounted for 38% of Brazil’s total exports.
In the ranking of exporting countries, Egypt is the second largest importer of Brazilian beef, followed by Chile, Russia, Saudi Arabia and the United States.
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