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RIO DE JANEIRO, BRAZIL – The agricultural trade balance in 2020 stood at US $ 3.668 billion, nearly seven times the value in 2010, the Central Reserve Bank (BCR) said. This performance mainly reflects the higher average growth over the last ten years of exports (10.1%) compared to imports (4.3%).
The performance of agricultural exports is due to the high (mostly double-digit) growth rates of its main products and, to a lesser extent, its diversification. Indeed, the number of products increased by 34.4% between 2010 and 2020, and the share of the top 10 products increased from. . .
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