Imports from Arab countries, on the other hand, increased 22% to reach $2.45bn as the trade flow between Brazil and the Arab region witnessed a growth of 10.7% to hit $5.84bn during the first quarter of 2013.
Brazilian exports also witnessed an increase in shipments of sugar, poultry, iron ore, maize, livestock, steel pipes and milk. Other Brazilian products being exported to Arab countries include beef, wheat, coffee, aluminium, soybean oil, tobacco, construction machinery, petroleum coke and bitumen, eggs and footwear. Exports to major Arab markets such as Saudi Arabia, United Arab Emirates, Oman, Libya and Tunisia likewise witnessed a significant increase.
Dr. Michel Alaby, General Secretary and CEO of Arab Brazilian Chamber of Commerce, said, “There has been a significant increase in Brazilian exports of certain product categories and this can be attributed to the successful business matching activities that the Arab Brazilian Chamber of Commerce has regularly organized over the years. Moreover, this strongly reflects the high regard for premium-quality Brazilian products in the region, and will allow Brazilian exporters to generate more trade opportunities in various Arab markets. The encouraging first-quarter figures have helped develop a solid momentum as we look forward to set new benchmarks in terms of trade volume in 2013.”
There was also an increase in Brazilian imports of various Arab products including crude oil, fertilizers, diesel oil, liquefied natural gas, plastics, fisheries, glass items, clothing items, special fabrics and lead during the first quarter of 2013. Other products imported from the Arab region include naphtha, aviation kerosene, urea, sulphur, aluminum, rubber, chemicals, impregnated fabric, and vegetables. The leading sources of Brazilian imports in the Arab region are Saudi Arabia, Qatar, Libya, Oman, UAE, Algeria, Kuwait, Egypt and Iraq.
The Arab-Brazilian Chamber of Commerce has been established to consolidate and expand partnerships, generate opportunities and bring Arabs and Brazilians together. It has been in operation for more than 50 years, playing an active role in boosting economic, cultural and tourism activities, and facilitating the flow of information between Arabs and Brazilians.
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