GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Government, Legal and Humanity

 
  Share

UAE, November 20, 2017 –  Brazil's total exports rose 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 corresponded to Arab countries, which together accounted for USD 11.43 billion to surpass the previous year's USD 9.34 billion by 22.31 per cent.

The hike in sales was driven by automobiles, aircraft engines and turbines, beef, chassis and motors, livestock, iron ore, maize, refined sugar, soybeans and coffee beans. The statements are based on statistics released by the Brazilian Ministry of Industry, Foreign Trade and Services.

In the Arab World, the top five destinations of Brazilian exports also followed the same growth trend, with 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 Brazil's total exports to Arab nations.

Sugar and meat remain the main Brazilian products exported to the Arab region, together corresponding to more than 60 per cent of total Brazilian exports to the region from January to October 2017. Sugar increased more than 40 per cent over the 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). Chicken led the hike, accounting for USD 2.25 billion to surpass last year's USD 2.12 billion for the first 10 months of 2016.

Total Brazilian imports reached USD 125 billion to surpass 2016's USD 114.56 billion by 9.11 per cent over the same period in the first 10 months of 2017. Of this total, 4.25 per cent corresponded to Arab countries which collectively accounted for USD 5.3 billion – an increase of 17.12 per cent over the previous year's USD 4.53 billion for the same period.

The main Arab suppliers to Brazil were Algeria with an almost 40 per cent share, or USD 2 billion (growth of 31.22 per cent over 2016's 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 Brazil's total Arab imports.

As seen in the Brazilian exports to the Arab region, imports also present a concentration in the product list: mineral fuels and fertilizers comprised almost 90 per cent of Brazil's imports from the region, increasing by 8. 89 per cent and 38.85 per cent, respectively. Other products imported by Brazil from Arab countries with lower values include salt, sulfur, plastics and their derivatives, and organic chemicals.

Dr. Michel Alaby, Secretary General and CEO of ABCC said: “The latest figures released by the Brazilian Ministry of Industry, Foreign Trade and Services once again highlight the success brought in by the shared commitment by both parties to foster trade relations between Brazil and the Arab World. The recent hike in sales from and to the region reinforces the confidence in the region's economy, attractive investment policies, and favorable business environment. Automobiles, aircraft engines and turbines were among the items that contributed to the hike in sales to the region while exports from the Arab World to Brazil was driven by the demand for crude oil, urea, potassium chloride, acyclic alcohols and their halogen-based products and natural gas among others.”



Posted by : GoDubai Editorial Team
Viewed 3593 times
Posted on : Monday, November 20, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Supreme Legislation Committee participates in ‘Motori' workshop
Next Story : Ministry of Health and Prevention launches ‘Kids' community program to increase children's knowledge...
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Let It Glow
Filorga Launches FLASH-NUDE Collection
Let All Your Photos Be Merry & Bright
HP ProBook x360 11 G3 and G4 Education Edition
The Rado DiaMaster Petite Seconde Automatic COSC The Rado watch at the top of th...
Chrono 4 Grande Taille - an extra-special timepiece
Tips and Tricks to Wash the Perfect Whites
30 Years of Ryder Cup Heroes Confirmed for the 30th Edition of the Omega Dubai ...
Nike Dubai, the largest Nike store in the MENA region, opens its doors in the Du...
PopSockets launches a new collection with crystals from Swarovski, the must-have...
Maintain Healthy Skin Year Round
American Eagle Is the Go-to Destination for Gifting This Holiday Season'
Free gold coins at Malabar Gold & Diamonds Festival
MIDO Baroncelli Lady Day & Night collection
Akshay Kumar Stuns Audiences With Transformation Into Surprising Look for 2.0
GAZOO Racing Wins Australia Rally at FIA World Rally Championship
Newby Teas Launches Advent Calendar For Christmas 2018
Golden Mile Galleria's ‘A Cultural Flair' attracts hundreds of art lovers to Pal...
Tissot Chemin des Tourelles
The Interiors Gift Guide with Home and Soul
Growth and inclusivity drive Avaya's channel strategy for 2019
Etihad Museum displays the UAE flag using 3D lighting
Time For Enchanting Moments
Holiday Handbags | GUESS
BharatMatrimony launches office in Dubai targeting 2 Million Indians
HE Sheikh Nahayan Mabarak Al Nahayan, UAE Minister of Tolerance opens In-Vitro F...
Kartik Aaryan attends Danube bash
France Attractiveness Scoreboard 2018 Released
UAE Exchange celebrates UAE National Day in association with RTA
International supervisory community meets to discuss challenges ahead for global...
UOWD's quality management expert wins ASQ-UAE Quality Professionals Award
Ring in a dazzling festive season at Ibn Battuta Mall
Dubai's Most Magical Festive Market Opens at Dubai Festival City Mall
Chinese Manufacturing Companies to Highlight Trade Opportunities in Middle East
UAE Carriers announce aircraft formation to celebrate 47th National Day and Year...
Global Knowledge Index 2018 and The Future of Knowledge: A Foresight Report shin...
Festive Gift Sets from Bubble T
Dubai Customs wins 3 awards from Ideas UK 2018
Voting on UAE Superbrands 2019 Begins
Five-Star Euro NCAP for Jaguar's Electric I-PACE
Al Hosn Now Open to the Public
Spinneys Dubai 92 Cycle Challenge | Road Closure Timings
Middle East economies are still dominated by oil sector development
Green Hope's November Advocacy
New ACH145 Mercedes-Benz Style Cabin Model Highlights First Presence at MEBAA fo...
FBMA and 47 Emirati women celebrate UAE National Day
National Hospital offering special UAE National Day Health Package for AED 47th
New Zealand Crowned Dubai Champions
BMW Group sales increase in October
Marina Mall sets new world record for Zayed legacy