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Saturday 15-04-2023 16:00 pm
ABU DHABI, 15th April, 2023 (WAM) — The value of non-oil trade between the UAE and Brazil increased by 32.1 percent to reach USD 4.038 billion (equivalent to AED 14.8 billion) in 2022, compared with USD 3.056 billion (AED 14.8 billion). AED) will reach USD 11.2 billion in 2021, according to the UAE Ministry of Economy (MoE).
The trade between the two countries has increased by 43.6% in the past ten years (2013-2022), from 2.81 billion US dollars (10.3 billion dirhams) in 2013 to 4.038 billion US dollars (14.8 billion dirhams) in 2022, reaching $30.257 billion (AED111 billion) over 10 years.
The value of re-exports between the UAE and Brazil will be US$478.6 million (AED1.75 billion) in 2022, an increase of 84.4 percent compared to US$259.5 million (AED952.3 million) in 2021, according to the MoE. Imports in 2022 will be worth US$3.68 billion (AED13.5 billion), an increase of 28.7% over 2021, when imports will be worth US$2.68 billion (AED9.83 billion). Non-oil exports amounted to US$101.1 million (AED371.03 million), compared to US$109.2 million (AED400.7 million) in 2021.
Brazil ranks 23rd in the UAE’s list of import partners in 2022, and ranks 37th among the UAE’s trading partners in terms of total foreign trade in 2022.
Emirates Global Aluminum, Aabar Investments, Mubadala Development Company, Abu Dhabi Investment Fund, Etihad Airways, Emirates Airline, DP World and Drydocks World are the top UAE companies investing in Brazil.
Wholesale and retail trade, car and motorcycle repair, construction, real estate, financial services, insurance, information and communication are the most important investment areas for UAE investment in Brazil.
Tarek Farham / Amjad Saleh
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