Dubai, UAE — Brazilian exports to Arab countries during the first four months of this year have increased by 10.33 percent, reaching $5.69 billion, compared to $5.162 billion during the same period last year, the Arab Brazilian Chamber of Commerce (ABCC) said.
The top destination for Brazilian exports during this period was the UAE followed by Saudi Arabia, Egypt, Kuwait, and Iraq, ABCC said in a statement. The main exported products from Brazil to the Arab World were sugar, poultry, beef, maize, and soybeans.
According to ABCC, beef exports from Brazil to Arab countries amounted to $356.06 million, with Egypt leading the list with $115.59 million worth of exports. While exports to the UAE stood at $84.29 million, followed by Saudi Arabia at $83.43 million, Kuwait at $4.7 million and Qatar at $5.43 million.
The Brazilian poultry meat export to the Arab world from January to April 2023 stood at $1.056 billion, with Saudi Arabia as the top buyer at $275.76 million followed by the UAE $255.15 million, Kuwait $65.42 million, Qatar $41.03 million, and Egypt $66.04 million.
In addition, Brazilian imports from the Arab countries reached $3.521 billion during this period. As per ABCC, exports from Saudi Arabia to Brazil stood at $1.036 billion, followed by the UAE which amounted $441 million, Qatar stood at $235 million, Egypt recorded $125 million, and Kuwait stood at $89 million.
Osmar Chohfi, President of the ABCC, said, “We have been able to offer Brazilian businesses vital market information, networking opportunities, and assistance with trade promotion so that they can increase their presence across Arab nations.”
“The current growth we are witnessing is a result of these efforts coupled with the strong demand for Brazilian products. We are devoted to fostering business ties between Brazil and the Arab World as we see enormous unrealized potential in this relationship. We will go above and beyond to support Brazilian companies as they navigate the challenges of operating in the Arab market,” he said.