Arab world exports to Brazil hit $11bn
Dubai, January 29, 2014
Arab countries have collectively accounted for $11.4 billion worth of Brazilian imports over the last year, said a report.
It represented a 2.72 per cent growth in Brazilian imports such as mineral fuel, fertilisers, plastics, glass and glassware, fish and seafood and electric machinery, according to the statistics from the Arab-Brazilian Chamber of Commerce (ABCC).
The products came from countries in the region including Saudi Arabia, Algeria, Morocco, Kuwait and Iraq.
Saudi Arabia was the biggest exporter with $3.2 billion, followed by Algeria at $3.1 billion, Morocco at $1.4 billion, Kuwait at $1.02 billion and Iraq at $691 million.
The UAE exports to Brazil almost doubled from $309 million in 2012 to USD 610 million in 2013, followed by Qatar and Egypt at $581 million and $276 million, respectively.
Dr Michel Alaby, general secretary and CEO of the ABCC, said: “The Arab countries have been key trade partners of Brazil for a long time, with flourishing bilateral trade continuing to expand over the years.”
In 2013, we witnessed a tremendous increase in imports of fertilisers, plastics, and ships and boats, apart from traditional items such as mineral fuel and oil. The sustained growth also underlines the huge potential for promoting bilateral ties by opening up new trade routes in the region.” - TradeArabia News Service