Brazilian trade flow with Arab League grew 17% in January

Data released by the Arab Brazilian Chamber of Commerce indicate that the Brazilian trade flow with the Arab countries grew 17.3% in January 2021 compared to the same month in 2020. The total amount reached US$ 1.22 billion, while the balance was positive at US$ 563.31 million for Brazil.

Further comparing the first month of this year with the same period last year, revenue from exports from Brazil to the Arabs grew 7.4%. The number reached US$ 891.85 million and kept the Arab bloc as the 3rd main destination for sales in Brazil, behind only China and the United States.

Despite the strong Brazilian results, the surplus for Brazil was 9.2% lower than that obtained in January 2020 due to the increase in Arab exports to Brazil. This January, the Arab bloc sold US$ 328.55 million of products to Brazil. The number is 56.4% higher than in the same period last year. Brazilians are the block’s 10th main supplier.

Highlighted products include record levels of wheat and rye mixtures which totaled US$ 26.78 million; pepper, at US$ 6.4 million; and vegetable fats/oils, which totaled US$ 5, 1 million. The record was set by the Market Intelligence at the Arab Brazilian Chamber in an analysis of handling since 2017.

Among the nations that most increased their purchases of Brazilian products, the first is Egypt, which bought 77.6% more, totaling US$ 209.35 million. In January, the Egyptians bought 227.6% more corn, 543% more sugar (US$ 34.87 million), and 652% more cardboard.

On the other hand, Morocco was the supplier that most increased sales to Brazil. Revenues of US$ 100.64 million were generated during January, an increase of 95.5%. The products that grew the most were fertilizers, growing 118.3%; inorganic chemicals, growing 137.9%; and fish & crustaceans, growing 44.2%.

Source: Brazil-Arab News Agency – ANBA

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