Brazilian exports to the Arab countries increased 20% from January to April compared to the same period in 2018 and totaled US $ 4.13 billion, according to the Arab-Brazilian Chamber of Commerce released this week. Imports also increased in the period, to US $ 2.2 billion, up 3.4% from the same corresponding period of 2018. Among the exported products, the highlights were chicken meat, which resulted in revenue of US $ 792 million (US $ 625 million), sugar (US $ 536 million), beef (US $ 385 million) and air vehicles (US $ 322 million). The main Arab destinations of all Brazilian exports were the United Arab Emirates (US $ 1.03 billion, up 76% year-on-year), Saudi Arabia (US $ 656 million), Egypt (US $ 505 million), Algeria US $ 336 million) and Oman (US $ 304 million, an increase of 33% over the first four months of 2018). The president of the Arab Brazilian Chamber, Rubens Hannun, pointed out that sales of products from Brazil to the Arab nations stand out against the country’s export revenue with the world, which fell 3% between January and April compared to the same period last year. “While global exports fell in early 2019, we expanded sales to those countries by 20% ,” Hannun said. The current trade between Brazil and the Arab countries has been evolving in recent years. In 2018, the Arabs were the destination of 4.8% of Brazilian exports and accounted for 4.4% of the country’s imports. In the first four months of 2019, these indicators rose to 5.7% and 3.9%, respectively, according to the Arab-Brazilian Chamber of Commerce.
Source: Portos e Navios