Brazilian exports to the Arab world witnessed a staggering growth, climbing to $17.743 billion in 2022, according to the Arab Brazilian Chamber of Commerce (ABCC). Brazil's imports have touched $15.037 billion in 2022.
Brazilian exports to Saudi Arabia witnessed a growth of 41.26% from $2.070 billion in 2021, to $2.925 billion in 2022. Similarly, exports to the UAE increased by 40.09%, from $2.327 billion in 2021, to $3.260 billion in the following year.
Additionally, the Brazilian exports to Egypt also saw an increase of 41.20% to $2.843 billion in 2022, compared to $2.014 billion in 2021. Qatar witnessed a similar growth of 45.33% from $284.26 million in 2021 to $413.132 million in 2022, while Kuwait saw a surge of 56.91%, amounting to $303.886 million in 2022, compared to $193.66 million in 2021.
Cane and beet sugar
The ABCC report stated that products like cane or beet sugar, and chemically pure sucrose in solid form were the top products exported to the Arab world, totalling to $3.443 billion in 2022. Meat and edible offal of the poultry both fresh and frozen followed closely behind cane in the list of top exported commodities, which amounted to $3.164 billion.
This was further followed by iron ores and concentrates including roasted iron pyrites ($2.914 billion), maize or corn ($2.013 billion), soyabeans ($1.107 billion), and frozen meat of bovine animals ($805.640 million).
Meanwhile, Brazilian imports from the Arab countries have also seen a substantial surge in the previous year. The imports from the UAE totalled at $2.518 billion in 2022, rising at a rate of 157.57% from $977.82 million in 2021. Likewise, the imports from Saudi Arabia increased by 83.89% from $2.880 billion in 2021, to $5.297 billion in the previous year.
Egypt saw a similar surge of 18.11% from $541.97 million in 2021, to $640.11 million in 2022, while Qatar witnessed a growth of 53.11%, increasing from $789.27 million in 2021 to $1.208 billion in 2022. Additionally, Kuwait experienced a similar rise of 555.54% from $50.55 million in 2021, climbing to $331.38 million in 2022.
According to the report, the top imported products from the Arab region were crude oil from petroleum and bituminous minerals ($3.786 billion), petroleum oils and oils obtained from bituminous minerals ($3.713 billion), nitrogenous mineral and chemical fertilisers ($2.586 billion), mineral or chemical fertilisers containing two or three of the fertilising elements - nitrogen, phosphorus, and potassium ($2.130 billion), and phosphatic mineral or chemical fertilisers, phosphatic ($814.70 million).
Osmar Chohfi, President of the ABCC said: “The positive trade figures reflect the robust as well as the growing trade relations between Brazil and Arab nations. Despite numerous unprecedented challenges posed by the pandemic, Brazil and the Arab nations were able to swiftly gain momentum in increasing their exports and bolster their trade. Over the upcoming months, we foresee a persistently high regional demand for Brazilian food products. Brazilian exports witnessed a substantial growth previous year, demonstrating their resiliency and capacity to flourish even amid difficult global market conditions.”
He added: “As always, ABCC will strive to facilitate trade activities and identify new prospects in the economic relation between Brazil and the Arab world. The export and import activities between the countries have experienced continuous expansion, and we anticipate this trend to continue in the coming years as well. As Brazil's influence grows in the region and on other international markets, we anticipate strengthened ties and more positive outcomes in trade in the upcoming years.”-- TradeArabia News Service