Middle East’s Brazilian agribusiness imports up 53%

Brazilian agribusiness increased exports to the Middle East by 53.2% this November compared to the same month in 2021. Sales to Africa, where some Arab countries are located, also grew 39.2% in the same comparison, according to data released by the Brazilian Ministry of Agriculture, Livestock, and Food Supply (MAPA).

Exports to the Middle East totaled USD 944.7 million, and the region accounted for 7.5% of all Brazilian shipments abroad in the period. Sales to countries on the African continent totaled USD 902.9 million and represented a 7.1% share.

The Middle East was the fourth leading market for Brazilian agribusiness products, Africa the fifth, behind Asia, at the top of the ranking, the European Union second, and the North American Free Trade Agreement (NAFTA) in third.

In total, Brazilian agribusiness exports grew 51.2% last month, reaching USD 12.6 billion in revenue. According to the MAPA, the November result reflected increased volume and higher prices. For the first time, Brazil surpassed the mark of USD 10 billion in exports for November.

Among the foremost destinations for sales of Brazilian agricultural and livestock products last month were Arab countries such as Egypt, Saudi Arabia, and the United Arab Emirates. Egypt came 11th, with USD 268.7 million and a 42% growth; Saudi Arabia clinched 15th, with USD 216.5 million, up 60%, and the UAE 18th place, with USD 214.6 million and a 0.1% gain.

See below the track record of the volume of poultry meat (HS 0207) exported from Brazil to the United Arab Emirates between January 2019 and Oct 2022. The data is from DataLiner.

Chicken Meat Exports to the UAE | Jan 2019 – Oct 2022 | WTMT

Source: DataLiner (click here to request a demo)

In general agribusiness exports, the five main products were the soybean complex (21.7%); animal proteins (15.2%); cereals, flours and preparations (14.7%); sugar and alcohol complex (14.5%); and forestry products (10.6%). They accounted for 76.7% of total Brazilian agribusiness exports in November.

Source: ANBA

To read the full original article, please go to: https://anba.com.br/en/middle-easts-brazilian-agribusiness-imports-up-53/

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