Hong Kong adds impetus to Brazilian beef exports

By Carina Perkins

- Last updated on GMT

Related tags: Brazilian beef, International trade, Beef

Brazil’s beef exports have soared in the first seven months of the year, boosted by strong demand from Hong Kong.

According to data from the Brazilian Association of Beef Exporters (ABIEC), Brazilian beef export volumes increased by 21.14% year-on-year, totalling 807,200 tonnes (t) in January-July 2013. Sales revenue for the first seven months was up 14.5% to US$3.5bn, compared to US$3.126bn in the same period last year.

Fresh beef accounted for the vast majority of exports, with fresh export volumes totalling 628,800t, worth US$2.842bn.

Hong Kong was the biggest destination for Brazilian beef in January-July 2013, and increased imports by 71% year-on-year to 209,700t a year, worth US$830.3m. Russia was also a major importer of Brazilian beef in the first seven months of the year, purchasing 177,832t. The next biggest destination was the European Union, which imported just over 70,000t of Brazilian beef in January-July 2013.

Exports hit their peak in July, with 132,400t exported during the month, compared to 122,800t in April and 118,800t in May. Sales for July totalled US$577m, compared with US$551m in April and US$520m in May.

“The volume of beef exports in July was the highest since September 2008, when Brazil managed to export 134,900t,”​ said Antonio Jorge Camardelli, president of ABIEC.

Related topics: Meat

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