The Brazilian government has secured new market access for agricultural products, including bananas, yerba mate, macadamia nuts, and fishmeal, in the EAEU, Saudi Arabia, and Thailand. This expansion has led to significant increases in agricultural exports, reflecting Brazil’s commitment to diversifying its trade portfolio and strengthening global ties. A total of 299 new market opportunities have been established since 2023, supporting continued growth in the agribusiness sector.
The Brazilian government has announced significant advancements in the export of agricultural products to key markets, resulting in new authorizations in the Eurasian Economic Union (EAEU), Saudi Arabia, and Thailand. The EAEU, which includes Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia, has officially approved the importation of Brazilian bananas and nuts. In 2024, Brazil’s agricultural exports to the EAEU reached over USD 1.3 billion, reflecting robust commercial activity in the region.
In Saudi Arabia, Brazilian authorities secured opportunities to export yerba mate and macadamia nuts, contributing to total agricultural exports exceeding USD 2.3 billion during the same year. Meanwhile, Thailand expanded its market access by approving fishmeal and fish oil imports, high-protein products vital for various industrial applications; Brazilian exports to Thailand were valued at over USD 2.7 billion from January to November 2024. These successes underscore Brazil’s commitment to diversifying its export portfolio and fostering international trade relationships.
The Brazilian agribusiness sector has established 221 new market access opportunities in 2024 alone, cumulatively reaching 299 since the early months of 2023. These achievements are attributed to the collaborative efforts of the Ministry of Agriculture and Livestock and the Ministry of Foreign Affairs, demonstrating a coordinated approach to enhance global market engagement.
The Brazilian agricultural sector has been expanding its international market reach for several years, capitalizing on its rich biodiversity and extensive production capabilities. Recent developments indicate Brazil’s proactive strategy to secure market access across diverse regions, including the Eurasian Union, Saudi Arabia, and Thailand, which are experiencing growing demand for agricultural products. This expansion not only increases revenue for Brazilian farmers but also enhances the country’s global agricultural presence, paving the way for future trade negotiations.
In summary, the Brazilian government’s recent initiatives have successfully opened new export opportunities for agricultural products in promising markets such as the Eurasian Economic Union, Saudi Arabia, and Thailand. The approval of specific products, including bananas, yerba mate, and fishmeal, signifies a growing trust in Brazilian agribusiness and indicates a strong commitment to enhancing the nation’s agricultural export capacity. With ongoing collaboration between agricultural and diplomatic agencies, Brazil is well-positioned for continued growth in the international agricultural market.
Original Source: www.gov.br
