Brazil's monthly exports to Arab countries near $1b

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Brazils monthly exports to Arab countries near $1b
Rubens Hannun, President of the Arab-Brazilian Chamber of Commerce.

Published: Thu 30 May 2019, 7:15 PM

Last updated: Thu 30 May 2019, 9:16 PM

The Arab Brazilian Chamber of Commerce (ABCC) has reported that close to a billion dollars' worth of products were exported by Brazil to Arab countries in April of this year.
A total of $980.4 million was recorded during the first month of the second quarter, an increase of 40.3 per cent over the same month of the previous year, which represented a generated total of around 2.7 million tons. To-date, the figures posted is also being seen as the best exporting month for Brazil since 2014.
The ABCC revealed that a large bulk of the exports went to the UAE, posting around $239.15 million, or around 282.7 thousand tons. Saudi Arabia followed with $177.2 million (249.28 thousand tons) and Egypt with around $92.8 million (183 thousand tons). The value of goods exported to Oman and Bahrain reached $63.49 million (801.23 thousand tons) and $51.7 million (535.75 thousand tons) respectively during the same period.
"Figures for the month of April demonstrates the strong trade ties that we continue to maintain with the Arab region. This also reflects strong demand and popularity for Brazilian products, which are widely known for its world class quality. We remain confident that the region will continue to see a key demand for Brazilian commodities. Rest assured that we will remain steadfast in our commitment to drive in more growth opportunities to further enhance trade relations between Brazil and the Arab region," said Rubens Hannun, President of the Arab-Brazilian Chamber of Commerce.
Some of the top exported goods recorded in April included meat, corn, beet sugar, iron ores & concentrates, aircrafts, satellites, live bovine animals, bovine meat, coffee, petroleum oils, soya-bean oil, soda or sulphate, plastering materials, lime & cement, organic chemicals and fish.
- waheedabbas@khaleejtimes.com

By Staff Report

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