Brazil?s exports to the Arab world rise

Spread the love

Brazilian export to the Arab world has reached $5.2 billion in the first quarter of 2011 which is a 39.1% increase. This rise in exports to the region include meats, especially poultry, sugar, iron ore, grain, vegetable oils, aircraft and their parts, capital goods, coffee, soy and chemicals.

These figures have been achieved despite the political crisis in the Middle East and North African region. The Arab world as a whole is highly dependent on food imports.

Michel Alaby, CEO of the Arab Brazilian Chamber of Commerce commented that the increase in food sales was mainly due to the storage that takes place every year before the Holy month of Ramadan.

The main targets of Brazilian products in the region from January to May (this year) were Saudi Arabia, Egypt, the UAE, Algeria, Morocco, Bahrain, Tunisia, Kuwait, Oman and Qatar. Brazil recorded a surplus of $1.8bn in bilateral trade with the region, 52.5% more than in the same period of last year.

Facebook Comments