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 1806 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
Time for Some AIGNER Love
Reverse the effects of hair fall with Crescina Re-Growth HFSC Shampoo
RUNWAY DUBAI creates a new buzz campaign for fashion tourism
Achieve whiter teeth at home with Spotlight Teeth White Strips
Noble™ Anti-aging Skin Care Products
Skyline Conducted Women of Substance: A Panel Discussion on Women Empowerment
Golden Bridge Rectangle Diamonds Celebrates The Virtuosity Of Art Deco Design Genius
UAE National Day celebrated in Skyline Carnival 2017
SUC signed MOU with Waldorf Astoria Ras Al Khaimah
SUC conducted Tour Guide Training Program for SCTDA
Calvin Klein Presents Steadfast Collection
Gift gorgeous skin this festive season.
Mido's Multifort Escape - An uncompromising timepiece for exploring new horizons
Mohammed bin Rashid Launches UAE Astronaut Programme
NIVEA MEN and Real Madrid Extend Partnership Globally Covering 70+ Countries
Sthan, bringing you authentic Frontier food from beyond borders, is now open in Dubai
Absolutely Rejuvenated Skin to Start the New Year
Coach Women's Lex Stainless Steel Bracelet Watch Collection
BOSS watches presents Navigator Collection
‘Artistry' - Branded Jewellery show at Malabar Gold & Diamonds' outlet in Meena ...
Celebrate the Festive Season With the Galleria on Al Maryah Island in Abu Dhabi
Together for Egyptian Cinema: A Million happy viewers
Feast your way into the festive season at The Coffee Club
Bovet Presents Brilliant Is Beautiful Gala Benefitting Artists for Peace and Ju...
Glamazle.com names a Lipstick after Yardstick Marketing as a testimonial to the ...
Step into 2018 with skinade & slow down the signs of ageing
Svelte BU4108-11H dress watch in black and rose gold plating makes an impact
Lg V30+ Launches in the Uae and Makes Its Way Into Customers' Pockets and Lives
The First “Dilmah Silver Jubilee Gourmet” in a Middle East Hotel Opens in Pullma...
Hottest Smartphone ever! Go get a true luxury phone from HUAWEI
Over 200 developers across India participate in CREDAI's Indian Property Show
With the Increasing Trend of Grooming Among Men, Kaya Skin Clinic Launches an Ex...
Unilever's Lipton Jebel Ali Tea Factory First in MENA to Achieve Bronze World Cl...
Win 3000 Dollars with Splash
Ghantoot present 17th Emirates Open Polo Championship International
Epson to showcases the future of large laser display technology at InfoComm MEA 2017
SUC Conducted the 10th CEO Lecture Series
Switzerland wins a Good Design Award for the first chronograph-watch in history
Automechanika Riyadh turns focus on exciting growth potential of Saudi automotiv...
DIFF Welcomes Robert Bosch Stiftung to the Festival's 14th Edition
Al Tayer Motors Celebrates 100 Years of Ford Pick-up Trucks
The Verses of Peace Exhibition begins at the Abu Dhabi World Trade Centre
Registration Opens for the Fazza Championships for Falconry 2018
Dubai-based teen star Polina Butorina releases her debut album ‘Ocean of Emotions'
SOUQ launches “Amazon Global Store” bringing over a million global products to t...
Saxo Bank 2018 Outrageous Predictions: 2018 will be a true roller coaster ride c...
Green Hope on Former US Vice President Al Gore's 24 Hours of Climate Reality telecast
The du Youth Council Holds a Volunteering Day at Al Ain Zoo with People of Deter...
Huawei's ultimate gift guide for the 2017 Holiday Season
Indian realty in revival mode, says industry expert