Arab exports to Brazil hit $3.37 billion in H1 of 2015
Dr Michel Alaby, secretary-general and CEO of Arab-Brazilian Chamber of Commerce.
Dubai - Exports from Qatar grew 87.96 per cent to reach $424.50 million in the first half of 2015 from $226 million in the same period of 2014.
Arab nations' exported $3.377 billion worth of products to Brazil during the first half of 2015, according to the statistics released by Brazil's Ministry of Development, Industry and Foreign Trade, and compiled by the Arab-Brazilian Chamber of Commerce.
Exports from Qatar grew 87.96 per cent to reach $424.50 million in the first half of 2015 from $226 million in the same period of 2014.
Kingdom of Saudi Arabia exports hit $776 million, followed by Kuwait's $243 million and the UAE's $239 million during the first half of 2015. Other Arab countries, including Egypt, Oman and Bahrain exports reached $54.36 million, $41.45 million and $33.36 million, respectively.
Dr Michel Alaby, secretary-general and CEO of Arab-Brazilian Chamber of Commerce, said: "The flourishing exports from the Arab nations to Brazil, which reached $3.377 billion during H1 of 2015, demonstrate increasing popularity of the regional products. Arab region is a vital trading partner for Brazil, contributing significantly to address the growing national demand for commodities such as minerals, fuel, oil, aluminium, and fertilisers, among others. In the near future, Brazil will need more exports from the region to support its booming economy.
"Arab-Brazilian Chamber of Commerce will continue to play a key role to enhance business ties between Arab region and Brazil by facilitating more avenues for business leaders and traders to meet, explore and sign trading deals."
With $2.530 billion, minerals, fuel and oil, etc were the top exported commodities from the region to Brazil during H1 of 2015, followed by fertilisers with $445 million. Aluminium witnessed the maximum growth of 184 per cent to reach $50.38 million, succeeded by 'salt, sulphar, earth, stone' with 37 per cent to touch $60 million. Other top selling products include plastic, inorganic chemicals and rare earth, electrical machinery and fish and seafood.