The Arab Brazilian Chamber of Commerce (ABCC) has announced an annual increase of 25.71% in Brazilian exports to the Arab countries during the first ten months (10M) of 2022 at $14.47 billion from $11.51 billion. Brazilian exports to the UAE surged by 46.53% during the January-October 2022 period to $2.57 billion, compared to $1.76 billion during the January-October 2021 period, according to an official statement. In the meantime, exports to Saudi Arabia grew by 39.13% in 10M-22 to $2.38 billion. In like manner, Qatar registered a hike of 41.63% to $339.05 million between January and October of 2022, whilst Kuwait saw a growth of 69.37% to $263.50 million in 2022, and Egypt witnessed a surge of 72.13% to $2.27 billion.
Sources: Zawya/Datamar News