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Brazil’s exports to the Arab world have seen impressive growth, climbing to $17.743 billion by 2022, according to the Brazilian Arab Chamber of Commerce (ABCC). By 2022, Brazil’s imports have reached 15.037 billion US dollars.
Brazil’s exports to Saudi Arabia increased by 41.26%, from $2.07 billion in 2021 to $2.925 billion in 2022. Likewise, exports to the UAE increased by 40.09%, from $2.327 billion in 2021 to $3.260 billion the following year.
In addition, Brazil’s exports to Egypt also increased by 41.20% in 2022, reaching US$2.843 billion, compared to US$2.014 billion in 2021. Qatar had a similar increase of 45.33%, from $284.26 million in 2021 to $413.132 million in 2022, while Kuwait saw a 45.33% increase. In 2022, there will be a 56.91% increase to $303.886 million, compared to $193.66 million in 2021.
cane and beet sugar
The ABCC report states that products such as cane or beet sugar and solid chemically pure sucrose are the main exports to the Arab world, totaling $3.443 billion in 2022. Fresh and frozen meat and edible poultry offal followed sugarcane in the list of export commodities with a total of $3.164 billion.
It was followed by iron ore and concentrates, including pyrite ($2.914 billion), corn ($2.013 billion), soybeans ($1.107 billion) and frozen beef ($805.64 million).
At the same time, Brazil’s imports from Arab countries also increased significantly last year. Imports from the UAE totaled US$2.518 billion in 2022, an increase of 157.57% from US$977.82 million in 2021. Likewise, imports from Saudi Arabia increased by 83.89% from $2.880 billion in 2021 to $5.297 billion in the previous year.
Egypt also increased from $541.97 million in 2021 to $640.11 million in 2022, an increase of 18.11%, while Qatar increased by 53.11%, from $789.27 million in 2021 to $1,208 million in 2022. Moreover, Kuwait has also experienced a similar increase of 555.54% climbing from USD 50.55 million in 2021 to USD 331.38 million in 2022.
crude
According to the report, the largest imports in the Arab region are crude petroleum and bituminous minerals ($3.786 billion), petroleum and oils derived from bituminous minerals ($3.713 billion), nitrogenous minerals and fertilizers ($2.586 billion), mineral Or chemical fertilizers containing two or three fertilizer elements – nitrogen, phosphorus and potassium ($2.130 billion), and phosphate rock or chemical fertilizer, phosphate ($814.7 million).
ABCC Chairman Osmar Chohfi said: “The positive trade data reflect the robust and growing trade relationship between Brazil and the Arab countries. Despite the many unprecedented challenges posed by the pandemic, Brazil and the Arab countries were able to rapidly increase exports and boost trade. Momentum in trade. Over the next few months, we expect continued high demand for Brazilian food products in the region. Brazil’s exports have grown significantly The resilience and ability to thrive.”
He added: “As always, the ABCC will strive to promote trade activity and identify new prospects for economic relations between Brazil and the Arab world. Import and export activities between the two countries continue to expand and we expect this trend to continue in the coming years .As Brazil’s presence in the region and other international markets grows, we expect stronger ties and more positive trade outcomes in the coming years.” — trade arab news agency
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