MIDDLE EAST’S BRAZILIAN AGRIBUSINESS IMPORTS UP 53%

Brazilian agribusiness increased exports to the Middle East by 53.2% this November compared to the same month in 2021. Sales to Africa, where some Arab countries are located, also grew 39.2% in the same comparison, according to data released by the Brazilian Ministry of Agriculture, Livestock, and Food Supply (MAPA). Exports to the Middle East totaled USD 944.7 million, and the region accounted for 7.5% of all Brazilian shipments abroad in the period. Sales to countries on the African continent totaled USD 902.9 million and represented a 7.1% share. The Middle East was the fourth leading market for Brazilian agribusiness products, Africa the fifth, behind Asia, at the top of the ranking, the European Union second, and the North American Free Trade Agreement (NAFTA) in third. Among the foremost destinations last month were Arab countries such as Egypt, Saudi Arabia, and the United Arab Emirates.

Sources: ANBA/Datamar News