Brazilian - GCC Trade Registers Remarkable Performance in 2016
The Arab-Brazilian Chamber of Commerce (ABCC) has actually signed up outstanding numbers that records the impressive performance of Brazilian - GCC trade for the year 2016. Throughout the year, Brazilian imports for GCC countries totaled up to USD 2,670,560,242 while Brazilian exports for GCC countries totaled up to USD 6,050,563,498. The numbers are reflective of the strong trade connections in between the Gulf Countries and Brazil, and reinforces the Gulf countries' move to establish a much more varied economic climate.
Saudi Arabia registered the greatest number of exports to Brazil at USD 1,300,621,760, This was complied with by Qatar at USD 532,439,642, the United Arab Emirates at USD 366,276,768, Kuwait at USD 287,402,518, Oman at 95,603,370 and Bahrain at USD 88,216,184. Among all the countries, Oman signed up one of the most growth at 32.58 percent adhered to by Bahrain at 19.98 percent. In regards to imports from Brazil, Saudi Arabia once again leads with the highest possible amount, at USD 2,487,252,738, complied with by the UAE 2,235,094,046, Oman at 492,356,431, Qatar at USD 378,007,002, Bahrain at USD 260,020,877 and Kuwait at USD 197,832,404. These numbers mirror the Gulf Countries strong trade ties with Brazil.
Dr. Michel Alaby, Secretary General and Chief Executive Officer, Arab-Brazilian Chamber of Commerce (ABCC), stated: "We are eager to share this details and data with the public in celebration of the solid and ongoing ties between Brazil and GCC Countries. It serves as further support in our efforts to reinforce interaction channels ties in between the Gulf countries and Brazil. Both have actually constantly maintained an equally beneficial relationship in the past and we are eager to see its continued growth in the years to find, as it plays a vital function in the long-term agenda of GCC countries which is intended to sustainability and financial diversification."
The current information likewise recommends successful agreements and offers on numerous sources. Sugars and sugar confectionary registered one of the greatest developments with a 31.92 per cent increase in 2016 compared with the numbers in 2015. Brazilian exports in 2016 have actually amounted to USD 2,295,331,363 on Meat and edible meat offal, USD 1,078,456,586 on Sugars and sugar confectionery and USD 504,094,329 Ores, slag and ash. For the very same period, Brazilian imports signed up USD 1,624,899,618 on Mineral fuels, mineral oils, bituminous materials; mineral waxes; USD 751,037,395 Fertilizers, and USD 94,862,033 Plastics and short articles thereof. Plant foods registered one of the greatest growths in 2016 at 8.02.
