Brazilian exports to Arab World show substantial gains in 2015

Business

Brazilian exports to Arab World show substantial gains in 2015

The Arab-Brazilian Chamber of Commerce has revealed that Brazilian exports to Arab countries signed up substantial development in 2015. According to just recently launched information, the South American nation exported items worth USD 12,122.37 billion to the region in 2013. The expanding outbound trade quantity shows an enhancing demand for high-grade Brazilian items as well as the excellent bilateral relations in between Brazil and also Arab nations.

Exports to the Kingdom of Saudi Arabia increased the most to get to USD 2.750.37 billion, 8.19 percent up from the USD 2,542 billion figure of 2014. The UAE inhabits second location with USD 2,503.67 billion, followed by Egypt at USD 2,056.59 billion. Exports to Bahrain and Kuwait reached USD 309 million and also USD 239.53 million, specifically.

Dr. Michel Alaby, Secretary General and CEO, Arab-Brazilian Chamber of Commerce, claimed: "Brazil continues to share outstanding company connections with the Arab World as demonstrated by the current export information. The growing popularity and also demand for our regional items in the region is a representation of the premium of our assets, whether they be foods or engineering items. The Arab-Brazilian Chamber of Commerce has played a vital duty in bringing business owners and also traders from both regions together through exhibits, business meets and conferences to discover fresher and also profitable opportunities. In the near future, Brazil intends to further boost the volume of its exports to Arab nations to revitalize its economic situation as well as we will certainly continue to assist its introduction of more items to the local market.".

Top exported items from Brazil to the Arab World include 'Inorganic Chemicals; Rare Earth Materials,' 'Miscellaneous Grains, Seed, Fruit,' and 'Cereals.' Exports of 'Inorganic Chemicals; Rare Earth Materials' enhanced 34.67 percent to get to USD 567.38 million in 2015 from USD 421.21 million in 2014. Likewise, 'Miscellaneous Grains, Seed, Fruit' achieved an earnings of USD.

493.21 million, a boost of 19.55 per-cent from 2014's USD 412.56 million. Lastly, 'Cereals' saw a rise of 18.90 per-cent to USD 919.41 million from USD 773.28 million in 2014. Other preferred exported products include Meat; Sugars; Ores, Slag, Ash; and also Machinery.