Brazil's total exports increased by 19.85 per cent from USD 153.07 billion in 2016 to USD 183.46 billion from January to October 2017, according to the Arab-Brazilian Chamber of Commerce (ABCC). Of this total, 6.23 per cent represented Arab countries, which together represented USD 11.43 billion to go beyond the previous year's USD 9.34 billion by 22.31 percent.

The hike in sales was owned by cars, aircraft engines and turbines, beef, chassis and motors, livestock, iron ore, maize, refined sugar, soybeans and coffee beans. The declarations are based on statistics launched by the Brazilian Ministry of Industry, Foreign Trade and Solutions.

In the Arab World, the top five locations of Brazilian exports additionally complied with the same development pattern, Saudi Arabia accounting for USD 2.32 billion (growth of 13.89 per cent from USD 2.04 billion over the same period in 2016), the United Arab Emirates USD 2.10 billion (+19.72 per cent from USD 1.76 billion), Egypt USD 2 billion (+ 31.71 per cent from USD 1.52 billion), Algeria USD 1.01 billion (+ 18.67 per cent from USD 859.33 million) and Iraq USD 631.98 million (+ 71.87 per cent from USD 367.72 million). Together these five countries accounted for more than 70 per cent of Brazils total exports to Arab nations.

Sugar and meat remain the main Brazilian products exported to the Arab region, with each other representing greater than 60 per cent of total Brazilian exports to the region from January to October 2017. Sugar increased greater than 40 percent over the exact same period in 2016 to USD 3.93 billion.

Brazilian shipments of all types of meat to the Arab region rose slightly by 3.40 per cent to USD 3.10 billion (against USD 3 billion in the previous period). Poultry led the hike, representing USD 2.25 billion to exceed last year's USD 2.12 billion for the first 10 months of 2016.

Overall Brazilian imports got to USD 125 billion to exceed 2016's USD 114.56 billion by 9.11 per cent over the very same duration in the initial 10 months of 2017. Of this total, 4.25 percent corresponded to Arab nations which jointly represented USD 5.3 billion-- a rise of 17.12 percent over the previous year's USD 4.53 billion for the same period.

The main Arab suppliers to Brazil were Algeria with a practically 40 percent share, or USD 2 billion (growth of 31.22 per cent over 2016s USD 152 billion for the same period), Saudi Arabia at USD 1.54 billion (+ 50.83 per cent from USD 1.02 billion), Morocco at USD 703.88 million (+ 37.12 per cent from USD 513.35 million), and Egypt at USD 140.15 million (+ 91.63 per cent from USD 73.14 million). Together, these four countries accounted for more than 80 per cent of Brazils total Arab imports.

As seen in the Brazilian exports to the Arab region, imports additionally provide a concentration in the item list: mineral gases and plant foods consisted of virtually 90 per cent of Brazil's imports from the region, raising by 8. 89 percent and 38.85 percent, specifically. Various other products imported by Brazil from Arab countries with reduced worths consist of salt, sulfur, plastics and their by-products, and organic chemicals.

Dr. Michel Alaby, Assistant General and CEO of ABCC said: "The latest figures released the Brazilian Ministry of Industry, Foreign Trade and services once more highlight the success brought in by the shared commitment by both celebrations to promote trade connections in between Brazil and the Arab World. The recent hike in sales from and to the region enhances the self-confidence in the region's economic climate, appealing financial investment policies, and beneficial business atmosphere. Cars, aircraft engines and turbines were among the products that added to the hike in sales to the region while exports from the Arab World to Brazil was driven by the demand for petroleum, urea, potassium chloride, acyclic alcohols and their halogen-based products and gas to among others.