Monday 20 November 2017

Dr Michel Alaby

GCC exports to Brazil top $2.6bn in 2016

DUBAI, February 6, 2017

Brazilian imports for GCC countries amounted to $2.67 billion while Brazilian exports for GCC countries amounted to $6.05 billion during 2016, according to figures released by the Arab-Brazilian Chamber of Commerce (ABCC).

Saudi Arabia registered the highest number of exports to Brazil at $1.3 billion. This was followed by Qatar at $532 million, the UAE at $366million, Kuwait at $287 million, Oman at $95 million and Bahrain at $88 million.

Among all the countries, Oman registered the most growth at 32.58 per cent followed by Bahrain at 19.98 per cent. In terms of imports from Brazil, Saudi Arabia once again leads with the highest amount, at $2.48 billion, followed by the UAE 2.23 billion, Oman at $492 million, Qatar at $378 million, Bahrain at $260 million and Kuwait at $197 million.

Dr Michel Alaby, secretary general and CEO, Arab-Brazilian Chamber of Commerce (ABCC), said: “We are eager to share this information and statistics with the public in celebration of the strong and ongoing ties between Brazil and GCC Countries.”

“It serves as further encouragement in our efforts to strengthen communication channels ties between the Gulf countries and Brazil. Both have always maintained a mutually beneficial relationship in the past and we are eager to see its continued growth in the years to come, as it plays a vital role in the long-term agenda of GCC countries which is aimed towards sustainability and economic diversification,” he added.

The recent data also suggests thriving contracts and deals on various resources. Sugars and sugar confectionary registered one of the highest growths with a 31.92 per cent increase in 2016 compared to the numbers in 2015. Brazilian exports in 2016 have amounted to $2.29 billion on meat and edible meat offal, $1.07 billion on sugars and sugar confectionery and $504 million on ores, slag and ash.

For the same period, Brazilian imports registered $1.62 billion on mineral fuels, mineral oils, bituminous substances; mineral waxes; $751 million on fertilizers, and $94 million on plastics and articles thereof. Fertilizers registered one of the highest growths in 2016 at 8.02 per cent. – TradeArabia News Service

Tags: GCC | ABCC |

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