Exports from Brazil to Arab countries climb 29%

Exports from Brazil to Arab countries climbed 28.7% in the first quarter compared to the same period last year, according to federal government data compiled by the Arab-Brazilian Chamber of Commerce (ABCC). The increase in sugar purchased by the region drove up the results, but the Arabs also imported higher volumes of other commodities from Brazil like iron ore, thus driving up revenue.

Brazilians posted a revenue of USD 5.67 million from sales to the Arab market between January and March compared to USD 4.41 billion in the same period last year. Out of the top 15 products shipped, the highest increases were in cattle sales by 147.7%, sugar by 105.4%, and beef by 84.4%. Up by 43%, iron ore was the second leading export, only behind sugar.

The chart below shows the top most exported products from Brazil to Middle Eastern countries in January and February 2024.

Top Exports to Middle Eastern Countries | Jan-Feb 2024 | TEU

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ABCC Market Intelligence Manager Marcus Vinícius says the growth in exports from Brazil to the Arab countries is associated with the performance of commodities. He explains that in the case of sugar Brazil exported a 73% higher volume to the Arab market, which coupled with the 19% rise in its price, explains the increased revenue.

According to Vinícius, a decline in the output of competitors like India, Thailand, and the European Union helped drive up Brazilian sugar shipments to USD 1.8 billion. He believes the Arabs sought out other countries to meet its demand, and Brazil is a traditional supplier. The manager pointed out that Brazil harvested a record high sugarcane crop in early 2024.

Source: ANBA

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