According to data from the Arab-Brazil Chamber of Commerce on Thursday (20), Brazil’s exports to the Arab League totaled US$14.4 billion last year, up 26% from 2020, the highest since 2013 driven by strong iron ore and food sales. Overall Brazilian exports of agricultural products rose by 9.5% to $8.9 billion as demand for soybeans and chicken helped offset a drop in sugar and beef sales to the group of 22 countries. Soybean exports increased by 97.5% to US$638 million and chicken exports rose by nearly 22% to US$2.4 billion. Iron ore sales jumped some 173% to $3.8 billion in 2021, the single most important export to the League. The Arab League also bought US$1.04 billion of corn from Brazil, the chamber said. The strength of Brazilian sales reflects an economic rebound in the Arab League countries, especially those in the Gulf, during the global pandemic, said Tamer Mansour, the chamber’s secretary general.
Sources: Reuters/6minutosUol (*Translated by Ia Niani)