Brazil’s exports to the Arab world reached $17.74bn in 2022, according to the recent reports released by the Arab Brazilian Chamber of Commerce (ABCC).
Brazil’s imports from Arab countries reached $15bn in 2022.
Saudi Arabia and the UAE lead the way, with exports to the Gulf countries both increasing by more than 40% in 2022, compared to the year before.
Brazil’s exports to Arab countries
- Brazilian exports to Saudi Arabia increased 41.3% from $2bn in 2021 to $2.9bn in 2022.
- Brazilian exports to the UAE increased 40% per cent, from $2.327bn in 2021, to $3.3bn in 2022
- Brazilian exports to Egypt increased 41.2% to $2.84bn in 2022, compared to $2bn in 2021.
- Exports to Qatar increased 45.3% from $284m in 2021 to $413.1m in 2022
- Exports to Kuwait increased 56.9% to $303.9m in 2022, compared to $193.7m in 2021.
The ABCC report stated that products like cane or beet sugar, and chemically pure sucrose in solid form were the top products exported to the Arab world, totalling to $3.4bn in 2022.
Meat and poultry both fresh and frozen followed closely behind cane in the list of top exported commodities, which amounted to $3.164bn.
This was further followed by iron ores and concentrates including roasted iron pyrites ($2.9bn), maize or corn ($2bn), soyabeans ($1.1bn), and frozen meat of bovine animals (805.6m).
Meanwhile, the the South American country’s imports from the Arab countries have also seen a substantial surge in the previous year.
- The imports from the UAE totalled $2.5bn in 2022, rising at a rate of 157.57% from $977.8m in 2021.
- Likewise, the imports from Saudi Arabia increased by 83.89 per cent from $2.9bn in 2021, to $5.3bn in 2021.
- Egypt saw a surge of 18.11 per cent from $542m in 2021, to $640.1m in 2022
- Qatar witnessed a growth of 53.11 per cent, increasing from $789.3m in 2021 to $1.2bn in 2022.
- Kuwait experienced a rise of 555.54% $50.55m in 2021, climbing to $331.38m in 2022.
According to the reports, the top imported products from the Arab region were crude oil from petroleum and bituminous minerals ($3.8bn), petroleum oils and oils obtained from bituminous minerals ($3.7bn), nitrogenous mineral and chemical fertilisers ($2.6bn), mineral or chemical fertilisers containing two or three of the fertilising elements – nitrogen, phosphorus, and potassium ($2.1bn), and phosphatic mineral or chemical fertilisers, phosphatic ($814.7m).
Osmar Chohfi, President of the ABCC said: “The positive figures in the export and import reflects the robust as well as the growing trade relations between Brazil and Arab nations.
“Despite numerous unprecedented challenges posed by the pandemic, Brazil and the Arab nations were able to swiftly gain momentum in increasing their exports and bolster their trade.
“Over the upcoming months, we foresee a persistently high regional demand for Brazilian food products. Brazilian exports witnessed a substantial growth previous year, demonstrating their resiliency and capacity to flourish even amid difficult global market conditions.”
He added: “The ABCC will strive to facilitate trade activities and identify new prospects in the economic relation between Brazil and the Arab world. The export and import activities between the countries have experienced continuous expansion, and we anticipate this trend to continue in the coming years as well.
“As Brazil’s influence grows in the region and on other international markets, we anticipate strengthened ties and more positive outcomes in trade in the upcoming years.”
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