Brazilian industry activity decreased by 0.8% over December and 2.6% compared to January 2018, according to IBGE.
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Five importers from the region are at the Anufood food and beverage show. They had meetings with Brazilian suppliers at the Arab Brazilian Chamber stand.
The 2019 harvest will be up 1% from last year’s according to the Brazilian Institute of Geography and Statistics (IBGE).
The first two months of the year saw 690,700 pairs of shoes shipped, up 167% from a year ago. Revenues came out to USD 4.57 million, up 117%.
USD 526 million worth of product got shipped from Brazil, up 6.3% from February 2018, with added demand from Asian countries, notably China. Half of Brazil’s top ten destinations are Arab countries.
The prime minister said on Twitter that regulations are in place for issuance of long-term visas, which will be granted to investors, entrepreneurs, scientists and students meeting the requirements.
Over 7 million people joined the celebrations in Rio de Janeiro.
Financial institutions are expecting the Brazilian economy to see 2.28% growth in 2019. The estimate is down than that of last week.
The company Geraes prepares to open a unit in the Arab country after winning a local contest of start-ups and being selected to show at Special Olympics in Abu Dhabi. It creates solutions for disabled people to use computers.
The first two months of the year saw a USD 810 deficit, up 11% from a year ago. Both exports and imports picked up.
Sales from Brazil to the region fetched USD 1.2 billion in the first month of 2019, up 18% from a year ago.
The Gulf country imported USD 990.4 million worth of goods worldwide in the first month of this year. Brazil ranks as its the fourth international supplier, as per data from Bahrain’s Information and eGovernment Authority.
Brazil produced on average 2.6 million barrels per day in the first month of 2019.
Dollar inflows outpaced outflows last month in Brazil.
