Egypt nearly doubled its beef imports from Brazil in the period between January and August this year, according to data released by the Brazilian Meat Packers Association (Abrafrigo).
The Arab country increased its purchases of the product by 96.8% in the first eight months of the year, totaling 81,300 tons imported, in comparison to the 41,300 tons registered in the same period of 2021.
Overall, Brazilian beef exports reached 1.5 million tons in the first eight months of 2022, generating USD 8.825 billion in revenue. The numbers represent an 18.4% increase in volume and a growth of 40.7% in revenue.
The data refers to fresh and processed beef.
China was the leading buyer from January to August, with 786,800 tons and USD 5.3 billion. The increase was of 31% in volume and 69.7% in revenue. As a result, the Asian country was responsible for purchasing 51.8% of Brazilian exports of the product.
The second major buyer was the United States, and Egypt came third. In fourth and fifth came Hong Kong and Chile, respectively.