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Brazilian import on rise in Arab world

A total of $1.22 billion worth of Brazilian products were imported into Arab countries during February this year, a 7 percent increase from $1.14 billion posted over the same period in 2018, revealed the Arab Brazilian Chamber of Commerce (ABCC).

According to ABCC senior officials, the top Brazilian imports to Arab countries include mineral fuels, mineral oils, bituminous substances and mineral waxes; fertilizers; plastics and articles; salt, Sulphur, earth and stone, plastering materials, lime and cement; fish and crustaceans, mollusks and other aquatic invertebrates; aluminum and its related articles and organic chemicals.

Algeria led the Arab countries for Brazilian imports, totaling $425 million, followed by Saudi Arabia with $372.8 million, the UAE with $102.47 million and Egypt with $61.2 million.

“The latest figures demonstrate the strength of the increased trade ties between Brazil and Arab countries. It is also a fitting testament to the countries continuing commitment towards working closely with countries in the Arab world to help drive in more mutual trade growth across all market segments,” said Rubens Hannun, president of ABCC.

Source: WAM

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