Brazilian exports to Arab countries reflect vibrant trade for H1 2016
The Arab Brazilian Chamber of Commerce has actually recently noted flourishing trade in between Brazil and the Arab World as attested to by the outstanding numbers issued by the company covering Brazilian exports to Arab countries throughout the first half of 2016. These favorable numbers reflect the fantastic strides that companies across various sectors are making to strengthening communications between the two countries.
According to the Chamber's data, Arab countries had a USD 5,242.71 billion from January to June 2016. Saudi Arabia accounted for the most shares at 23.71 per cent at a value of USD 1,242.91 billion, followed by the United Arab Emirates at 17.36 per cent, Egypt at 16.65 percent, Qatar at 2.33 percent, and Kuwait at 2.08 percent.
Among the exports, meat posted the most shares during the duration at 34.88 percent, representing USD 1,828.40 billion of exports to the Arab World. Sugar took second place at 26.62 percent with USD 1,395.47, billion followed by cereals at 6.52 per cent with USD 341.64 million; ores, slag and ash at 4.63 percent with USD 242.73 million, inorganic chemicals and rare earth metals at 6.61 percent with USD 189 million, and various grain seeds and fruits at 3.03 per cent with USD 158.94 million. Of all goods, cereals marked the most growth over 2015, at a boost of 113.94 per cent followed, by sugars which signed up a development of 10.09 percent.
"We are very optimistic about the state of trade between Brazil and the Arab World. We believe these numbers show the strong relations both economies have with each other and we hope it will work as additional encouragement for businesses to explore the limitless potentials that business environment has to offer. We look forward to many more fruitful exchanges in the future that will benefit our particular economies and the community at large," concluded Dr. Michel Alaby, Secretary General and CEO, Arab-Brazilian Chamber of Commerce ABCC.
