Brazilian exports to Arab countries reach almost US$1bn in April

The Arab Brazilian Chamber of Commerce (ABCC) reported that around US$1bn in products were exported by Brazil to Arab countries in April this year.

A total of US$980.4m was recorded during the first month of the second quarter, an increase of 40.3% year-on-year, representing around 2.7m tons.

To date, the figures released are also being seen as the best exporting month for Brazil since 2014.

According to the ABCC, most of the exports went to the United Arab Emirates (UAE), generating around US$239.15m, at approximately 282,700 tons.

Exports to the Kingdom of Saudi Arabia generated US$177.2m (249,280 tons) and to Egypt generated around US$92.8m (183,000 tons). The value exported to Oman and Bahrain reached US$63.49m (801,230 tons) and US$51.7m (535,750 tons) respectively during the same period.

“The positive figures that we have posted for the month of April demonstrates the strong trade ties that we continue to maintain with the Arab region,” said Rubens Hannun, President of the Arab-Brazilian Chamber of Commerce.

Some of the top exported goods recorded in April include meat, corn, beet sugar, iron ores and concentrates, aircraft, satellites, live cattle, bovine meat, coffee, petroleum oils, soybean oil, soda or sulphate, plastering materials, lime and cement, organic chemicals and fish.

Opportunities in agribusiness

With the objective of discussing business opportunities in the agricultural sector, Alexandre Ghisleni, the director of the Agribusiness Promotion Department of the Ministry of Foreign Affairs, visited the Arab Brazilian Chamber of Commerce on Monday (27/05).

According to the executive, the expectation is to work with the Chamber to deepen trade relations with the Arabs, to establish a partnership between the government and the private sector to explore new markets and maintain current markets. “Our intention is that there is a follow-up (of the meetings between the government and the Arab Brazilian Chamber).”

Among the topics discussed at the meeting were the trade values between countries, food security, as well as other business possibilities such as the triangulation of commercial opportunities involving Brazilian technological knowledge in agribusiness and Arab investment, which can be applied in partnership with countries in Africa.

In order to increase the value added of Brazilian exports to the Arab countries, issues such as agricultural management technology and strategic partnerships were addressed.

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