The Arab Brazilian Chamber of Commerce (ABCC) has revealed that Brazil’s fertiliser imports from Arab states grew 38 per cent from January to November 2017 compared to same period last year.
ABCC lauded the continuously growing economic ties between Brazil and Arab countries after recent statistics released by the Brazilian Ministry of Industry, Foreign Trade and Services showed the vast South American country importing 5.9 million tonnes of fertiliser during the same period.
In November this year, reports said Brazil purchased 626,830 tonnes of fertiliser from Arab states, up 20.7 per cent from the same period last year, it said.
Morocco and Saudi Arabia are Brazil’s major Arab markets, with other sources include the UAE, Egypt, Oman, Algeria, Bahrain, Kuwait, Lebanon, Tunisia and Jordan. Importing most of the fertilizer it uses, Brazil’s output has reached 7.57 million tonnes so far this year, it added.
The number accounted for 24.4 per cent of Brazil’s total global fertiliser imports of 24.2 million tonnes as per the figures released by national industry association Associação Nacional para Difusão de Adubos (Anda), said a statement..
The country’s global fertiliser imports were up 8.2 per cent, it added.
Dr Michel Alaby, secretary general and CEO of ABCC, said: “According to the numbers supplied by the Brazilian Ministry and compiled by the ABCC, Brazil’s fertiliser imports from the Arab nations rose 38 per cent year-on-year.”
“This strongly indicates their robust bilateral relations and we expect that this will carry on through 2018,” he said.
“For our part, we will continuously look for new ways to further facilitate and optimise their increasing trade activities to further drive growth and ensure the attainment of common socio-economic development goals and agenda,” he added. – TradeArabia News Service
You Might Like