A study carried out by the Market Intelligence sector at the Arab Brazilian Chamber of Commerce pointed out that there is an expectation of growth in shipments of Brazilian soy to the Arab countries, motivated by the increased price in the international market over the next few years. According to the study, there are indications that export growth will also occur at a global level. According to the agency, the market potential for the product is due to the production of animal feed and for human consumption. The tariff tax on soybean sales from Brazil to the Arabs is considered low, which also favors trade. This is what already occurs in Brazilian exports to Saudi Arabia, Tunisia, Algeria, and Egypt. These countries have zero tariffs for imports from Brazil. From 2018 to 2020, product shipments were concentrated in these four countries. To go beyond these borders, the Arab Brazilian Chamber of Commerce highlights Bahrain, Iraq, Jordan, Lebanon, Palestine, and Sudan as potential markets. The trends that make these markets stand out are the changes in consumption habits linked to the prospect of increased income.
Source: Brazil-Arab News Agency/Datamar News