Saudi Arabia named top Arab exporter to Brazil

Gulf kingdom exports nearly $3.2bn worth of goods in 2013, according to Arab-Brazilian Chamber of Commerce
(Getty Images - for illustrative purposes only)
By Andy Sambidge
Sat 01 Feb 2014 02:31 PM

Saudi Arabia was the biggest exporter from the Arab world to Brazil during 2013, according to new statistics from the Arab-Brazilian Chamber of Commerce (ABCC).

It said the Arab World was a "very important bilateral trade partner" for Brazil, with countries collectively accounting for a 2.72 percent growth in Brazilian imports in 2013 over the previous year.

During the period, Brazil imported more than $11.399 billion worth of products such as mineral fuel, fertilizers, plastic, glass and glassware, fish and seafood, and electric machinery.

The imported products came mostly from countries including Saudi Arabia, Algeria, Morocco, Kuwait, Iraq.

Saudi Arabia was the biggest exporter with $3.194 billion, followed by Algeria at $3.074 billion, Morocco ($1.434 billion), Kuwait ($1.016 billion) and Iraq ($691 million).

The ABCC also said that the UAE exports to Brazil almost doubled from $309 million in 2012 to $610 million in 2013, while Qatar and Egypt exports stood at $581 million and $276 million, respectively.

Dr Michel Alaby, general secretary and CEO of the Arab-Brazilian Chamber of Commerce, said: "The Arab countries have been key trade partners of Brazil for a long time, with flourishing bilateral trade continuing to expand over the years.

"In 2013, we witnessed a tremendous increase in imports of fertilizers, plastics, and ships and boats, apart from traditional items such as mineral fuel and oil. The sustained growth also underlines the huge potential for promoting bilateral ties by opening up new trade routes in the region.

"The Arab-Brazilian Chamber of Commerce has always played a strategic role in facilitating trade relations between Brazilian and Arab traders to unlock further opportunities for boosting business activities."

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Last Updated: Thu 26 Jan 2017 01:27 PM GST

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