Brazil has gained new agricultural market access in South Korea for sesame seeds and in Guatemala for gelatin and collagen. This growth is part of a broader effort to enhance trade partnerships and diversify export markets, securing 317 new opportunities since 2023. The initiatives highlight Brazil’s expanding role in global agricultural trade, benefiting its economy significantly.
The Brazilian government has announced new agricultural market opportunities, with South Korea and Guatemala authorizing the import of additional Brazilian products. South Korea has approved the import of Brazilian sesame seeds, marking a significant step in enhancing trade relations, as the nation imported over USD 2.85 billion in agricultural goods from Brazil in 2024, primarily grains, meat, and oilseeds, boosting diversification in exports.
In Guatemala, Brazilian exporters of gelatin and collagen have met the country’s sanitary regulations, promoting trade between the two countries. This development creates new market opportunities for Brazil’s food and pharmaceutical ingredient sectors. In 2024, Brazil exported USD 248.9 million worth of agricultural products to Guatemala, with key exports including forestry products, grains, and oilseeds.
Since 2023, these new authorizations have contributed to 317 market access opportunities for Brazilian agribusiness. This expansion not only diversifies exports but also reinforces Brazil’s status in global agricultural supply chains. The progress resulted from collaborative efforts by the Ministry of Agriculture and Livestock and the Ministry of Foreign Affairs.
Brazil is a prominent agricultural exporter, and securing new markets is vital for its economy. The initiative to gain access to South Korean and Guatemalan markets reflects Brazil’s strategic efforts to enhance its global trade position. The growth in agricultural exports serves as a catalyst for economic development and supports the agribusiness sector’s expansion, allowing access to diverse international markets.
The authorizations from South Korea and Guatemala for Brazilian agricultural products signify substantial progress in expanding market access. With both nations recognizing Brazil’s capabilities in agriculture, trade partnerships are strengthened. These developments showcase Brazil’s commitment to diversifying its export markets, enhancing its role as a dominant player in the global agricultural sector.
Original Source: www.gov.br
