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Brazilian exports to Arab countries hit USD 12.197 billion mark in 2019

  • dubai news, uae news

Brazilian exports to Arab countries hit USD 12.197 billion mark in 2019

Brazilian exports to Arab countries reached USD 12.197 billion in 2019, registering a 6.3 percent growth from 2018, figures from the Arab-Brazilian Chamber of Commerce (ABCC) confirmed recently. The modern numbers mirror the constantly developing trade relations between the country and the region.

The value of the UAE’s imports from Brazil last year hit the USD 2.21-billion mark at 2.77 million tons, while Saudi Arabia bought 3.48 million tons of items worth USD 2.04 billion. Egypt and Oman purchased 6.78 million tons of products amounting to USD 1.83 billion and 10.81 million tons of items worth USD 937.58 million, respectively.

The top Brazilian products exported to Arab countries in the course of the duration were poultry; cane or beet sugar and chemically pure sucrose; iron ores and concentrates; bovine meat; maize (corn); tubes, pipes, and hollow profiles; gold (including gold plated with platinum); soya beans; coffee, whether or not roasted or decaffeinated; petroleum oil and oil got from bituminous minerals; and motor vehicles and other motor cars basically designed for passenger transport.

In 2019, the entire Brazilian chicken meat exported to the Arab world was valued at USD 2.38 billion at 1.49 million tons. The bulk of the product, which amounted to USD 790.63 million, went to Saudi Arabia at 469.76 thousand tons, followed by the UAE (USD 561.19 million, 342.21 thousand tons) and Kuwait (USD 177.43 million, 114.76 thousand tons).

For bovine meat, the Arab world imported a total of USD 1.17 billion at 354.5 thousand tons. The largest importer in the course of the year was Egypt at 162.66 thousand tons valued USD 476.69 million, accompanied by the UAE at 71.40 thousand tons worth USD 259.58 million (the imported cost of bovine meat was 93 per cent higher than in 2018) and Saudi Arabia at 42.1 thousand tons worth USD 142.20 million.

Rubens Hannun, President of ABCC, said: “The 2019 figures are a testament anew to the extraordinary trade ties between Brazil and the Arab region. Over the previous years, we have witnessed uninterrupted boom in their export and import activities and we expect this trend to proceed into 2020 and beyond -- using excessive on the success brought forth through their shared dedication to sustaining a more productive trade partnership.”

“The figures expose the excessive international demand for Brazilian beef, which is known for its high-quality and excellence. As the Arab region continues to buy Brazilian products in the coming years, the South American nation is additionally doing the same. We see reinforced relations between them as Brazil expands its attain in the region along with different international markets,” Hannun added.

The entire Brazilian imports from Arab countries reached USD 6.99 billion at 17.29 million tons in 2019. Its top imported items from the Arab nations had been mineral fuels; mineral oils; bituminous components and mineral waxes; fertilizers; plastic; salt and sulfur; earth and stone; plastering materials, lime, and cement; natural chemicals; and fish, crustaceans and mollusks, and different aquatic invertebrates.