Figures from ApexBrasil show exports to the UK hit highest level since 2014 in the first half of this year
Strong sales of fruit and other agri-food products helped lift Brazilian exports to the UK to their highest level since 2014 in the first six months of 2022.
According to ApexBrasil, the Brazilian Trade and Investment Promotion Agency, the total value of exports reached £1.3bn, an increase of 15 per cent on the same period last year.
“A rise in the total value of exports was noted across all major product categories, with a surge of 140 per cet for a range of agri-food products, including oils, seeds and fruits,” ApexBrasil noted.
“In total, Brazil exported £178.78m of agri-products in the first half 2022, against the backdrop of war in Ukraine which continues to bring international uncertainty and risks escalating food insecurity concerns across different markets. In this context, growing demand for essential food items continues to buoy Brazil’s highly diversified agri-food industry.”
The agency said the growth trend indicated the strengthening of trade links between the two countries.
“The UK is a strategic market for Brazil and we see great value in working with our British partners to advance trade across a wide-range of sector areas, including agri-food and industrials,” commented Igor Celeste, ApexBrasil’s market intelligence department manager.
“Boosting our trading links with the UK means that we can advance our efforts in sustainably produced food supplies through agricultural innovation and develop research-led solutions to addressing clean energy generation, storage and distribution.
“We’ve had a constructive year working with the UK market, having facilitated several trade events on British soil throughout the year that have brought together experts, dignitaries, and trade representatives. We’re pleased to achieve these results in what is already turning out to be a successful year for 2022.”