Home Business & Finance Brazil exports to Arab countries reach close to a Billion Dollars in April

Brazil exports to Arab countries reach close to a Billion Dollars in April

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ABU DHABI: The Arab Brazilian Chamber of Commerce (ABCC) has reported that close to a billion dollars’ worth of products were exported by Brazil to Arab countries in April of this year. A total of USD 980.4 million was recorded during the first month of the second quarter, an increase of 40.3 per cent over the same month of the previous year, which represented a generated total of around 2.7 million tons. To date, the figures posted is also being seen as the best exporting month for Brazil since 2014.

The ABCC reveals that a large bulk of the exports went to the United Arab Emirates (UAE), posting around USD 239.15 million, or around 282.7 thousand tons. The Kingdom of Saudi Arabia (KSA) follows with USD 177.2 million (249.28 thousand tons) and Egypt with around USD 92.8 million (183 thousand tons). The value of goods exported to Oman and Bahrein reached USD 63.49 million (801.23 thousand tons) and USD 51.7 million (535.75 thousand tons) respectively during the same period.

“The positive figures that we have posted for the month of April demonstrates the strong trade ties that we continue to maintain with the Arab region. This also reflects strong demand and popularity for Brazilian products, which are widely known for its world class quality. We remain confident that the region will continue to see a key demand for Brazilian commodities. Rest assured that we will remain steadfast in our commitment to drive in more growth opportunities to further enhance trade relations between Brazil and the Arab region,” concluded Rubens Hannun, President of the Arab-Brazilian Chamber of Commerce.

Some of the top exported goods recorded in April included meat, corn, beet sugar, iron ores & concentrates, aircrafts, satellites, live bovine animals, bovine meat, coffee, petroleum oils, soya-bean oil, soda or sulphate, plastering materials, lime & cement, organic chemicals and fish. News Desk

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