Brazil-Arab trade rises to nearly $26 bn in 2012

Mar 19, 2013 12:00 AM

Trade flow between Brazil and Arab countries reached nearly $26 bn in 2012, increasing by 3.26 percent from $25.11 bn in the previous year, according to figures released by the Arab-Brazilian Chamber of Commerce.

Brazil imported $11.10 bn worth of goods from Arab countries in 2012, increasing by 11 percent from $9.98 bn in 2011, while Brazilian exports to the Arab world totalled $14.83 bn last year.

Fuels ($9.11 bn) topped the list of goods imported by Brazil from the Arab world, followed by fertilizers ($1.32 bn) and salt/sulphur ($180 mm).

On the other hand, the top Brazilian exports to Arab countries were sugars ($4.24 bn), meat ($3.93 bn) and ores ($2.44 bn), according to the figures. 

Michel Alaby, general secretary and CEO of Arab-Brazilian Chamber of Commerce, said: "Brazil continues to nurture strong trade relations with the Arab world and this is evident in the sustained growth of trade volume between the two parties over the years.

"Moreover, Brazil and its Arab partners are continuously engaged in multilateral talks to further expand trade activities and explore mutually beneficial investment opportunities across diverse industries.

"It was certainly another solid year overall in 2012 despite a few challenges along the way, and we intend to build on this important breakthrough to further boost economic, cultural and tourism activities between Brazil and the Arab world."

Brazilian imports witnessed an increase from nearly all Arab exporting countries, led by Lebanon (491 percent), Qatar (214 percent), Kuwait (148 percent) and Bahrain (103 percent).

Brazilian exports slightly declined by nearly 2 percent from $15.13 bn in 2011 as a result of political instability in some Arab countries.

Nonetheless, there was a significant increase in exports to several other Arab countries, including Oman (35.73 percent), Yemen (38.37 percent), the UAE (13.26 percent) and Egypt (3.35 percent).

Alexander's Commentary

Change of face - change of phase

In the period of July 20 till August 3, 2015, Alexander will be out of the office and the site will not or only irreg

read more ...
« September 2019 »
September
MoTuWeThFrSaSu
1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30

Register to announce Your Event

View All Events