AGRICULTURE FUELS 22% GROWTH IN EXPORTS TO ARAB MARKETS

Brazil’s exports to the Arab League increased by 22.44% in 2024, totaling USD 23.68 billion. Agriculture products like sugar, chicken, beef, and corn significantly increased trade transactions. Brazil’s trade surplus with Arab countries totaled USD 13.50 billion, up 55.54% from the previous year. While Brazilian exports to other important markets, such as China and Argentina, fell, Arab countries’ purchases surged dramatically. Notable countries included the United Arab Emirates (43.57% increase) and Egypt (72.29% growth). With a 34.22% increase in sugar sales, a 56.72% increase in beef sales, and a 28.04% increase in corn sales, Brazil’s agriculture played a significant role in exports, contributing 75.67% of total revenues. The increase in the price of chicken also contributed to a rise in exports.
Source: Band.uol (*Translated by Ia Niani)