Monday , April 12 2021

Brazil’s trade with Arab countries increased by 17%

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Sao Paulo – Brazil’s trade with Arab countries increased by 17.3% in January compared to a year ago. The total amount reached 1.22 billion USD, and Brazil achieved a 563.31 million surplus. He made the figures public Arab Brazilian Chamber of Commerce (ABCC).

Year-on-year, Brazil’s revenue from exports to Arab countries rose 7.4% to $ 891.85 million, keeping the Arab bloc as 3rd the largest sales destination from Brazil, just behind China and the United States.

Despite the good result, the Brazilian surplus fell by 9.2% compared to a year ago, which was mainly due to increased exports from the Arabs. In January 2021, the Arab bloc sent 328.55 million US dollars to Brazil, which is 56.4% more than a year ago. Brazilians are 10th the largest supplier of the block.

We single out among the latest achievements in the export of wheat and meslin of 26.78 million USD, pepper 6.4 million USD and vegetable oils 5.1 million USD. The record named the ABCC Market Intelligence department in a historical data series from 2017.

Of the counties whose purchases of products from Brazil climbed the most, Egypt is in first place, buying 77.6% more at $ 209.35 million. In January, Egyptians bought 222.6% more corn, 543% more sugar (at $ 34.87 million) and 652% more cardboard.

On the other hand, Morocco was the supplier whose sales climbed the most, bringing in USD 100.64 million, which is 95.5% more, and the products that climbed the most were fertilizers with 118.3%, inorganic chemicals with 137.9%. % and seafood with 44.2%.

In a situation where vaccination against COVID-19 is progressing and social distancing measures can be mitigated, ABCC market intelligence staff expect a global economic recovery. Although slowly, the revival is expected to provide diversification of trade products between Brazil and Arab countries. Industries that could benefit include supply chain inputs and raw materials, as well as finished products with higher added value.

Translated by Guilherme Miranda

Nelson Almeida / AFP

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