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razilian pharmaceutical exports to GCC up 73% to reach over $7.4m in 2012

United Arab Emirates: Saturday, May 11 - 2013 @ 10:00

The total pharmaceutical exports to KSA surged by 95.63% in 2012 to reach $4.26m from $2.18m in 2011, while exports to the UAE were valued at $3.11m, up 56.28% from $1.99m in 2011.

The top Brazilian pharmaceutical products that are exported to the region include antibiotics, dental products and vaccines for veterinary use. The Arabian Gulf region ranks 44th among the top export destinations of Brazilian pharmaceutical products, but the Arab Brazilian Chamber of Commerce believes this presents a huge window of opportunity for Brazilian exporters to further expand their trade activities in the region.

Michel Alaby, General Secretary and CEO of Arab Brazilian Chamber of Commerce, said: “The dramatic increase in the value of pharmaceutical exports to the GCC clearly demonstrates the strategic importance of the Gulf region as a key trade partner of Brazil. KSA and the UAE, two of the biggest economies in the region, are particularly important and highly influential markets. Moreover, while the recent figures point to the robust growth performance of Brazilian pharmaceutical exports, it also underlines a huge potential to further expand our regional presence by opening new trade routes in other Gulf countries. Arab Brazilian Chamber of Commerce will therefore play an important role in connecting Brazilian exporters to key players in the GCC’s highly lucrative pharmaceutical market.”

Brazil has been a leading global supplier of pharmaceutical products with 10 of the world’s biggest pharmaceutical companies – Pfizer (United States), Novartis (Switzerland), Sanofi-Aventis (France), Roche (Switzerland), Medley (France), AstraZeneca (Anglo Swedish), EMS Sigma Pharma (Brazil), Eurofarma (Brazil), Aché (Brazil) and Merck (Germany) – having established manufacturing facilities in the country. Brazil’s global exports of pharmaceutical products amounted to $2.98bn in 2012 with Denmark, Venezuela, United States, Argentina and Mexico among its biggest global markets.

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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Saturday, May 11- 2013 @ 10:00 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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