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ABU DHABI / Emirates Business
Brazil’s total exports rose 19.85 percent from $153.07 billion in 2016 to $183.46 billion from January to October 2017, according to the Arab-Brazilian Chamber of Commerce (ABCC).
Of this total, 6.23 percent corresponded to Arab countries, which together accounted for $11.43 billion to surpass the previous year’s $9.34 billion by 22.31 percent.
The hike in sales was driven by automobiles, aircraft engines and turbines, beef, chassis and motors, livestock, iron ore, maize, refined sugar, soybeans and coffee beans. The statements are based on statistics released by the Brazilian Ministry of Industry, Foreign Trade and Services.
In the Arab World, the top five destinations of Brazilian exports also followed the same growth trend, with Saudi Arabia accounting for $2.32 billion (growth of 13.89 percent from $2.04 billion over the same
period in 2016), the United Arab Emirates $2.10 billion (+19.72 per cent from $1.76 billion), Egypt $2 billion (+ 31.71 percent from $1.52 billion), Algeria $1.01 billion (+ 18.67 per cent from $859.33 million) and Iraq $631.98 million (+ 71.87 percent from $367.72 million).
Together these five countries accounted for more than 70 percent of Brazil’s total
exports to Arab nations.
Sugar and meat remain the main Brazilian products exported to the Arab region, together corresponding to more than 60 percent of total Brazilian exports to the region from January to October 2017. Sugar increased more than 40 percent over the same period in 2016 to $3.93 billion.