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Reviewing Agricultural Trade Policies

To Promote Intra-OIC Agricultural Trade

152

4.6.1. Agricultural Trade with the OIC Countries

Table 4.57 presents the figures related to the agricultural trade flows of Brazil with OIC

countries. Brazil’s agricultural exports to OIC increased from 9.7 billion USD in 2008 to 17.2

billion USD in 2016 with a percentage share increase from 16.6% to 23.5%. Brazil has a trade

surplus in agriculture, with the total value of its agricultural imports from OIC countries being

smaller than its exports. The value of Brazil’s agricultural imports from OIC countries has been

within the range of 0.7 billion USD to 1.5 billion USD during the 2008-2016 period. The

percentage share of agricultural imports declined from 10.3% in 2008 to 7.5% in 2016. The

decline of agricultural imports from 1.3 billion USD in 2012 to 0.8 billion USD in 2016 reflects

the recession period of the Brazillian economy from 2014 to 2016, and the depreciation of

Brazillian Real during the period of 2012-2016.

Table 4. 57 Value & Share of OIC Countries in Brazil’s Agricultural Trade

Year

Value (exports)

billion USD

Share in Brazil’s

total agricultural

exports, %

Value, (imports)

billion USD

Share in Brazil’s

total agricultural

imports, %

2008

9.7

16.6

0.9

10.3

2009

11.5

20.8

0.7

9.5

2010

15.2

23.5

1.2

12.1

2011

18.9

22.7

1.5

12.5

2012

19.1

22.8

1.3

10.3

2013

18.3

21.0

0.9

7.4

2014

16.8

20.0

1.0

8.4

2015

16.2

21.3

0.8

8.2

2016

17.2

23.5

0.8

7.5

Source: CEPII BACI, Eurostat RAMON, UN Comtrade, UN Trade Statistics, and authors’ calculations

Figure 4.64 illustrates the distribution of Brazil’s agricultural exports according to the three OIC

country groups.

Figure 4. 64 Share Of OIC Groups In Brazil’s Agricultural Exports

Source: CEPII BACI, Eurostat RAMON, UN Comtrade, UN Trade Statistics, and authors’ calculations

0

2

3

5

6

8

9

11

12

0

2

4

6

8

10

12

14

16

2008 2009 2010 2011 2012 2013 2014 2015 2016

African Group (billion USD)

Asian Group (billion USD)

Arab Group (billion USD)

billion USD

%