Brazilian exports have fallen by 5.9% in the last 7 months of the year.
Foreign exchange revenue for shipments between January and July 2022 reached the all-time record of USD 5.231 billion, which is a 62.4% growth from the same period last year.
Foreign exchange revenue recorded USD 583.7 million, a 40.3% increase in the YoY comparison.
The United States led exports from January to the end of July 2021, buying 4.659 million bags of coffee, an increase in volume of 2.9% compared to the 4.526 million bags bought in the same period in 2021, or 20.8% of Brazil’s total.
Among the top 10 destinations in the seven months of this year, only Germany and Japan have reduced volume in comparison to 2021.
Germany, with a share of 17.9%, imported 4.015 million coffee bags (-4.1%) and ranked second. Next came Belgium, with 1.993 million coffee bags (+17.5%); Italy, with 1.817 million (+8.0%); and Japan, with 991,898 coffee bags (-26.8%)
Types of Coffee
In 2022, Arabica was the most exported coffee, with 19.299 million bags exported, 86% of all coffee shipped. Soluble coffee was second, with 2.181 million bags shipped. Next came the Coffea Canephora variety, with 939,334 bags shipped (4.2%) Roasted and ground coffee was fourth, with 24,395 bags shipped (0.1%)
Coffee with some sustainability credentials represented 17.4% of total exports, an increase of 1.2%
The average price was USD 288.65 per bag, providing a foreign exchange revenue of USD 1.130 billion in seven months, or 21.6% of the total shipments. It represents a 67.1% increase from last year’s same period.
The United States imported the most coffee bags from January to July, followed by Germany.
The top three exporters of coffee in the year were Santos, Rio de Janeiro and Paranaguá.
Nick Baskett is the editor in Chief at Bartalks. He holds a diploma from the Financial Times as a Non Executive Director and works as a consultant across multiple industries. Nick has owned multiple businesses, including an award-winning restaurant and coffee shop in North Macedonia.