São Paulo's Product Exports to USA and China Surging, Reveals Study

The United States takes the lead, capturing 17% of all the exports
When it comes to exported products, commodities have emerged as major players, comprising a substantial 25.7% share of total exports in the past year, compared to 17.2% in 2012.

By: SiiLA News

07/10/2023

Last week, a study released by the government of the state of São Paulo unveiled that 15.6% of all product exports from São Paulo had China as their destination. China holds the second position in the ranking, just behind the United States, which receives 17% of these exports. Argentina secures the third spot, receiving 9.5% of the exports. Interestingly, ten years ago in 2012, Argentina was the leading importer among the countries.

The surge of China and the United States as prominent destinations for São Paulo's exports has significantly impacted the economy, propelling development and creating fresh business opportunities.

Export of commodities is on the rise

Currently, the topmost exported products from the state of São Paulo comprise crude petroleum oil, sugarcane, fuel oil, soybeans, and deboned beef.

According to the study, the share of commodities in the state's exported products has surged from 17.2% in 2012 to 25.7% last year.

Moreover, the study revealed interesting insights about the administrative regions. Out of the 16 regions mapped by the local government, China emerged as the primary importer in eight regions, including Santos, Ribeirão Preto, Barretos, São José do Rio Preto, Araçatuba, Bauru, Marília, and Presidente Prudente. On the other hand, the United States stood out as the primary destination for production in five regions, namely São José dos Campos, Campinas, Itapeva, Central, and Franca.

Surging Demand for Industrial Property in the State

Cy.log Embu, an A+ property that was completed in February 2023, has already secured a lease for an area with a company operating in the Transport and Logistics sector.

SiiLA, a multinational company operating in the commercial real estate market, closely tracks the performance of logistics condominiums in the country. In São Paulo, the demand for these types of properties is soaring, leading to a rapid increase in occupancy rates. Companies are actively seeking spaces in the state that can optimize their logistical operations.

Currently, the occupancy rate for high-end developments (Classes A+ and A) stands at nearly 90% in São Paulo. This marks a significant growth since SiiLA began its operations in Brazil in early 2016 when the occupancy rate was only 70%.

Stay updated with the comprehensive study! At SiiLA, we continuously monitor significant socio-economic developments that directly impact our market. Keep following the latest industry news here on REsource and on SiiLA's social media platforms.

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