Recent statistics released by Brazil’s Ministry of Development, Industry and Foreign Trade and compiled by the Arab-Brazilian Chamber of Commerce indicate thriving trade relations between Arab countries and Brazil.
The South American country exported USD 5.789 billion worth of products to the region during the first half of 2015. Exports to Qatar grew significantly at 28.89 per cent from USD 152 million in the H1 of 2014 to USD 195 million over the same period in 2015.
The UAE presented an increase of 7.91 per cent to USD 1.289 billion in 2015 from 2014’s USD 1.194 billion.
KSA was at second place with an 8.93 per cent increase in its imports from Brazil to USD 1.285 billion in 2015 from USD 1.180 billion in 2014. Exports to Egypt, Algeria, Oman, Bahrain and Kuwait touched USD 915 million, USD 484 million, USD 303 million, USD 169 million, and 111 million, respectively.
Top exported products from Brazil to the Arab Nations were meat; sugar; ores, slag and ash; and cereals. Meats generated revenues of USD 1.846 billion in H1 of 2015, an increase of 2.75 per cent from USD 1.797 billion for the same period in 2014. Sugar, on the other hand, earned USD 1.267 billion, followed by ores, slag and ash collectively worth USD 757 million. Lastly, cereals garnered USD 160 million. Other best-selling products included machinery; iron and steel products; and spices, coffee and tea.
“Brazil recorded excellent figures in its exports to the Arab region during the first half of 2015, with USD 5.789 billion worth of products sold to Arab countries. This export performance reinforces the already thriving trade relations between the region and Brazil, which is further strengthened with the support of the Arab-Brazilian Chamber of Commerce. Throughout the H1 of 2015, we have facilitated business meetings and travel opportunities for traders from the Arab Nations to Brazil, enabling them to explore further possibilities for expanding trading ties. We are upbeat that the momentum will be sustained throughout the current year with remarkable growth in Brazilian exports to the region,” concluded Dr. Michel Alaby, Secretary General and CEO, Arab-Brazilian Chamber of Commerce.