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Brazil Imports Worth USD 7.6 Bn From Arab World in 2018

Brazil Imports Worth USD 7.6 Bn From Arab World in 2018

Monday, 21 January, 2019 - 10:45
Cairo- Asharq Al-Awsat
The Arab-Brazilian Chamber of Commerce (ABCC) revealed that Brazil imported goods reached USD 7.6 billion from the Arab World in 2018, recording year-over-year growth of 18 percent in imports from USD 6.4 billion in 2017, amounting to 17.6 billion kg of goods in terms of volume.

Exports to Brazil from the UAE climbed to USD 561 million from last year’s USD 186 million, recording a staggering 200 percent YoY growth.

Saudi Arabian exports to Brazil accounted for USD 2.3 billion, up 23 percent from 2017, while Egypt, Kuwait, Oman, and Bahrain exported goods stood at USD 269 million, USD 212 million, USD 124 million and USD 116 million respectively to Brazil in 2018. In terms of volume, these Arab countries exported goods worth 1.14 billion kg, 622 million kg, 391 million kg, and 280 million kg respectively.

The most exported items to Brazil from the Arab countries include mineral fuels, mineral oils, bituminous substances and mineral waxes; fertilizers; plastic; salt, Sulphur; stone; plastering materials, lime and cement; organic chemicals, fish, crustaceans and mollusks, other aquatic invertebrates, vegetables, fruits, glass and glassware.

President of the ABCC Rubens Hannun said: “The figures for 2018 once again reflect the success of ABCC’s efforts to bolster the existing trade ties between Brazil and the Arab countries.

"Thanks to the shared commitment by both parties, products from Arab countries continue to find newer markets in Brazil and we expect these figures to rise further in 2019,” he added.

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