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Sun 21 Oct 2012 05:17 PM

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Brazilian food exports to Arab world top $6.6bn

Saudi Arabia is biggest importer with over $1.5bn of goods in first eight months of 2012

Brazilian food exports to Arab world top $6.6bn
(Getty Images - for illustrative purposes only)

Brazilian food exports to the Arab world reached over $6.6bn in the first eight months of 2012 with Saudi Arabia, Egypt and the UAE emerging as the top markets in the region.

According to a new report released by the Arab-Brazilian Chamber of Commerce, Brazilian exports to Saudi Arabia reached over $1.5bn during the period, while exports to the UAE were valued at over $930m.

The Egyptian market recorded the biggest jump with exports totaling over $1.2bn, representing a 28.8 percent increase over the same period in 2011.

Brazilian exports of meat of bovine animals (frozen) accounted for the biggest increase with an export value of over $554m, up by nearly 45 percent.

Cane or beet sugar and chemically pure sucrose were Brazil's top export products to Arab countries with a combined value of nearly $2.5bn, followed by meat and edible offal of poultry with a combined value of nearly $1.8bn.

Corn (maize) was another important export product as export value increased by more than 73 percent, reaching over $554m from just $294.9m in 2011.

Michel Alaby, director-general of the Arab-Brazilian Chamber of Commerce, said: "The Arab world continues to be an important destination for Brazilian food exports as the region's consistently strong demand creates lucrative growth opportunities for Brazilian food companies.

"The increasing volume of Brazilian food exports in the region reaffirms the healthy trade relations between the two parties.

"We expect export volumes to continue to rise and serve as a rallying point for long-term trade and economic cooperation."