Dr Alaby: demand for Brazilian commodities in the Arab World will increase even further

Dr Alaby: demand for Brazilian commodities in the Arab World will increase even further

Brazil imports from Arab region up 27pc

September 2017

Brazilian trade with the Arab region showed significant growth during the first half of this year with imports rising by 27 percent and exports by 15.4 per cent, said a report by Arab-Brazil Chamber of Commerce (ABCC).

Main exports to Arab states included sugar, iron ore, beef, sports hunting equipment, car engines and chassis, automobiles, soybeans, poultry, coffee beans, precious and semi-precious stones, and cast-iron pipes. Saudi Arabia, the UAE, Algeria, Egypt, Oman and Bahrain were the largest importers of these goods, said ABCC.

Dr Michel Alaby, secretary general and CEO, ABCC, said: “The outstanding performance of Brazilian exports to the Arab region is a result of the strengthening trade relations between these two regions which will continue to reap the fruits of this ongoing process over many years.”

“We foresee demand for Brazilian commodities in the Arab World to increase even further towards the second half of the year as the region remains unfazed by socioeconomic challenges, with economic programmes on track to expand trade opportunities,” he said.

Brazil’s imports from Arab countries also revealed a growth of 27 per cent during the period with crude oil, urea, potassium chloride, fertilisers, plastic polymers, insecticides, semi-finished iron/steel products, aircraft parts, aluminium alloys, and non-fabrics as major drivers, it said.

Imports increased from $2.7 billion worth of goods to $3.4 billion for the South American nation in 2017, it added.

Alaby continued: “Overall, Brazil demonstrated global economic resilience amidst challenges as total exports to the Arab region reached $6 billion during the first half of the year, with soybeans, iron, oil, sugar and vehicles as leading products.

“These commodities continue to be among the Arab region’s top imports from Brazil, sustaining the region’s growing demand both from the industrial sector and the consumer market,” he said.

“We maintain our efforts to facilitate growth opportunities between these regions and improve trade relations by ensuring channels of business communications are effectively in place,” Alaby concluded.

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