São Paulo – Products in the electric and electronic sector are among the main items imported by the Arab countries and Brazil does not answer to a large share of this market. With the objective of showing this potential to businessmen in the sector, the manager of the Market Development Department at the Arab Brazilian Chamber of Commerce, Rodrigo Solano, is going to give a talk on Wednesday (25) at the Association of the Brazilian Electric and Electronic Industry (Abinee).
Last year the Arab countries imported US$ 48 billion in electronic products. Among the prominent products are items for telecommunications, cabling, transformers, generators and electric systems in general. "The idea behind the talk is to show how much the Arab market imports so that players in the sector may work further on this market,” said Solano.
The main import markets in the sector in the Middle East and North Africa are the United Arab Emirates, Saudi Arabia, Qatar, Egypt and Morocco.
According to Solano, next year, the average growth of Arab economies should exceed 4%, with the building sector returning to growth, not just in Dubai, but also in Qatar, Saudi Arabia, Libya and Egypt, countires that consider the sector priority.
Brazil still has a small share of this sector in the Arab market. Last year, exports from Brazil to the Arab countries totalled US$ 108 million. "However, the evolution of exports to the bloc, up to October this year, shows growth of 54%, totalling US$ 122 million,” said Solano, showing that the total exported by Brazil up to October has already exceeded the amount sold in the whole of last year. The products most shipped to the Arab market were transformers, insulators and electric engines.
According to figures disclosed by Abinee, the organisation’s president, Humberto Barbato, estimates that revenues by the sector in Brazil this year should present a decline of between 5% and 7% as against last year. In foreign trade, the sector should register a reduction of 30%, reaching US$ 7 billion in exports and US$ 22 billion in imports.
In Solano’s presentation, he should also speak about the culture and the behaviour of the Arab market, the business opportunities, economic figures of the countries involved and also about the services provided by the Arab Brazilian Chamber.
Contact
Abinee
Email: doracy@abinee.org.br
Site: www.abinee.org.br
*Translated by Mark Ament
