Bahrain again importing iron ore from Brazil

Bahrain imported 169% more products from Brazil in the first half of 2021. The increased trade was driven by iron ore, which accounted for 93% of what was shipped to the Gulf country. The Arab country’s appetite for the Brazilian product is explained mainly by the race by the countries that have already taken the lead in vaccination against Covid-19 to jump-start their economies.

From January to June 2021, the Arab country increased the volume of iron ore imported from Brazil by 87%, totaling 6.088 million tons. Revenue has already reached US$ 863.377 million in the first six months of this year, a 256% increase compared to the same period in 2020.

According to sector specialists, the devalued real and the high prices of the product heated up the iron ore trade. But vaccination rates contributed to the surge in Bahraini imports. According to the World Health Organization (WHO), by the 13th of this month, Bahrain already had almost 70% of its population fully immunized against the new Coronavirus.

Source: ANBA – Brazil-Arab News Agency

To read the full original article, visit the link:

https://anba.com.br/com-retomada-bahrein-investe-em-minerio-de-ferro-do-brasil/

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