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Brazil exports $12.2bn worth of goods to Arabs in 2019

Brazil exports $12.2bn worth of goods to Arabs in 2019
UAE’s imports from Brazil hit $2.21bn last year

Mubasher: Brazilian exports to the Arab world grew 6.3% year-on-year to $12.197 billion in 2019, according to data released on Tuesday by the Arab-Brazilian Chamber of Commerce (ABCC).

The value of the UAE’s imports from Brazil hit $2.21 billion last year, while Saudi imports from the South American country registered $2.04 billion. Egyptian and Omani imports from Brazil reached $1.83 billion and $937.58 million, respectively.

Top Brazilian exports to Arab countries in 2019 included, inter alia, poultry; cane or beet sugar and chemically pure sucrose; iron ores and concentrates; bovine meat; maize (corn); tubes, pipes, and hollow profiles; gold; petroleum oil and oil obtained from bituminous minerals; and motor cars.

“The 2019 figures are a testament anew to the great trade ties between Brazil and the Arab region. Over the past years, we have witnessed uninterrupted growth in their export and import activities and we expect this trend to continue into 2020 and beyond,” ABCC’s president Rubens Hannun commented.

In 2019, total Brazilian chicken meat exported to the Arab world was valued at $2.38 billion, whereas bovine meat exports totalled $1.17 billion.

“The figures reveal the high global demand for Brazilian beef, which is known for its quality and excellence. As the Arab region continues to buy Brazilian products in the coming years, the South American nation is also doing the same,” Hannun said.

Moreover, Brazil’s total imports from the Arab world was valued at $6.99 billion in 2019. Top imports included, inter alia, mineral fuels; mineral oils; bituminous substances and mineral waxes; fertilizers; plastic; salt and sulfur; earth and stone; and plastering materials, lime, and cement.