Inter-American Institute for Cooperation on Agriculture

Agribusiness Agricultural chains Agricultural markets Agriculture Trade

Agricultural exports from Latin America increase by 8.5%, while total foreign sales drop by 30%

Tiempo de lectura: 3 mins.

The preliminary data, which correspond to April and May, confirm the fact that agriculture will be one of the driving forces for economic recovery in the aftermath of the pandemic.

La soja fue uno de los productos cuyas exportaciones registraron mayor incremento en abril.

San Jose, 10 July 2020 (IICA). Agricultural exports in dollars from 14 Latin American and Caribbean countries* increased by 8.5% on an interannual basis in April, despite a sharp 29.9% drop in total external sales. Preliminary data for May confirm this trend and suggest that agricultural production and trade will be one of the driving forces for economic recovery in the region.

The data, which were analyzed by specialist Joaquín Arias of the Center for Strategic Analysis for Agriculture (CAESPA) of the Inter-American Institute for Cooperation on Agriculture (IICA), are based on the indicators of the Trade Data Monitor (www.tradedatamonitor.com). The countries included are Argentina, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Mexico, Paraguay, Peru and Uruguay.

According to preliminary data for the seven countries, the month of May followed the same trend as the previous month, with agricultural exports rising by 11.1% and exports of total goods decreasing by 15.7%.

The countries that recorded the greatest increase in agricultural exports in April were Brazil (28.9%), Costa Rica (8.2%), Argentina (4.95%), Bolivia (4.9%) and Guatemala (4.7%). On the other hand, agricultural exports from Peru and Uruguay decreased significantly, by 41.7% and 16.8%, respectively.

The products whose exports increased the most in April were soybean, sugar, beef and pork in Mercosur countries, which benefited from increased demand from the Chinese market (see article).

In Central America, exports of coffee, banana and food preparations also increased. Andean countries, in turn, increased their shipments of palm oil, coffee extracts and essences, tea and herbs, fresh and dried citrus fruits, and vegetables.

“In May, despite the spread of the Covid-19 pandemic, agricultural exports grew in Brazil, Costa Rica, Paraguay and Argentina, but they decreased in El Salvador, Chile and Guatemala”, stated Arias.

That month, Brazil’s agricultural exports increased by 22.6% on an interannual basis, while total exports fell by 14.2%.

At the other end of the spectrum, El Salvador’s agricultural exports fell by 38.8%, and total exports of goods dropped by 60.5%. Paraguay, on the other hand, increased agricultural exports by 6.4%, although total sales fell by 1.7%.

Brazil is the only country in the region that has already presented its trade balance data for June, which indicate that exports increased by 32.8% on an interannual basis.

In April, global exports of goods fell by 21.4% (data from 72 countries) compared to the same month in 2019, while exports of agricultural products fell by 1.3%. “The performance of Latin American and Caribbean exports stands out compared to the rest of the world”, concluded Arias.

According to Daniel Rodriguez, Manager of IICA’s International Trade and Regional Integration Program, the behavior of agricultural exports during the first few months of the pandemic confirms the important role played by Latin America and the Caribbean in guaranteeing the availability of safe and nutritious food, not only for the region, but for the rest of the world as well.

“The data demonstrate the fact that the agriculture sector is in a privileged position to generate foreign exchange to finance socio-economic recovery projects, as well as provide income for producers and companies, and jobs for rural and urban dwellers, thereby improving access to food”, he explained.

The complete information, along with interactive graphics for each country, is available in the IICA blog “Cultivating Tomorrow’s Agriculture Today”.

IICA launched the blog with a view to monitoring the progress of key variables related to agricultural development during the pandemic, as well as to provide the views and assessments of specialists at IICA and other relevant institutions on agricultural issues related to the health emergency triggered by Covid-19.

Link to interactive graph:
https://blog.iica.int/index.php/blog/monitoreando-comercio-agroalimentario-durante-covid-19

Follow IICA’s blog:

https://blog.iica.int/en   

More information:

Joaquín Arias, International Technical Specialist of the Center for Strategic Analysis for Agriculture (CAESPA)

joaquin.arias@iica.int

 

Share

Related news​

Buenos Aires, Argentina

August 8, 2025

At the AAPRESID Congress, participants affirm their conviction that agriculture is destined to play a crucial role in energy security, creating an opportunity for Latin America

The discussion on the contribution of agriculture to energy security was organized in a strategic partnership with the Inter-American Institute for Cooperation on Agriculture (IICA), which, after its successful participation in the Congress in 2024, is once again playing a prominent role, with a special panel of experts session, a photo exhibition, and a side event focused on AgTechs.

Tiempo de lectura: 3mins

Buenos Aires, Argentina

August 8, 2025

New narrative for agriculture must be jointly developed and address consumers’ needs, agree participants at AAPRESID Conference, with noteworthy participation by IICA

The three-day conference will spotlight key issues related to the future of agriculture, which must drive innovation in science and production. For the second consecutive year, IICA is participating actively in the conference, one of the year’s most important events for the agriculture sector in Latin America.

Tiempo de lectura: 3mins

Buenos Aires, Argentina

August 7, 2025

IICA will serve as a bridge for intensified trade and agricultural cooperation between Argentina and Central America and the Caribbean, as the former pledges to spearhead actions in Panama, Trinidad and Tobago and Saint Vincent and the Grenadines

At a meeting with senior officials of the Argentinian government, ministers of Panama, Trinidad and Tobago and Saint Vincent and the Grenadines explored new agribusiness and cooperation opportunities in the application of genetics in beef production, dairy farming and beekeeping, among other areas, with a view to expanding trade between Argentina and the Caribbean and Central America.

Tiempo de lectura: 3mins