Exports surpassed imports by USD 8.67 billion in 2023. Last year saw shipments to Arab countries increase by 9.2% and imports decrease by 28.9%. The main Brazilian export was sugar, and the leading Arab import was oil.
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This year, shipments abroad are expected to record a 6.8% expansion over 2022, according to ABPA data through November. Iraq became Brazil’s 10th main importer this year. The UAE was the 2nd leading buyer, and Saudi Arabia the 4th.
According to the Fund, the North African country is expected to close the year with 9.2% inflation, pressured mainly by food prices.
Total shipments were higher this year compared to 2022. According to the sector lobby, the most significant increases in purchases were from China, Saudi Arabia, South Africa, South Korea, and Mexico.
The North African country opened its market for Brazilian poultry in October. Negotiations to reduce tariffs to close to zero are already underway.
As the Algerian market opened up to poultry sales from Brazil last week, a delegation led by the Ministry of Foreign Affairs and meat industry groups ABPA and ABIEC traveled to the country to position themselves in the market and discuss new business possibilities.
Productions by Saudi Arabia, Qatar, Jordan, Lebanon, Morocco, Palestine, and Tunisia are part of the program of the 47th edition of the festival that takes place from October 19 to November 1st. This year’s selection features 360 films from across 96 countries.
The Algerian-descent filmmaker born in Brazil’s Ceará is about to launch two new films, Mariner of the Mountains and Nardjes A. They were both shot in Algeria and will premiere in Brazil on September 28. ANBA brings an exclusive interview with the director.
Renewing its sector projects, ABPA and ApexBrasil also maintained the United Arab Emirates as one of the target export markets for poultry and Saudi Arabia for eggs.
Egypt and Tunisia are the North African countries that have the most access to financing to support its transition towards a low-carbon economy. The region needs USD280 billion.
The Embassy of Brazil in Algiers is receiving applications of companies interested in a free exhibition area at the event. Deadline is June 13.
The Brazilian Embassy in Algiers will have a space in the agri-food show Sipsa & Filaha – Agrofood, to take place in May in the Algerian capital, and invites Brazilian companies and entities to exhibit. The Arab country is experiencing a more favorable moment for foreign trade.
Felipe Kaizer researches and produces Middle Eastern cuisine and seafood dishes. The chef was influenced by his maternal grandmother, who was born and raised in Cairo, Egypt.
National US-Arab Chamber of Commerce president David Hamod and Algeria’s Industry Ministry secretary-general Belabrik Salah Eddine met during a special session in the Economic Forum Brazil & Arab Countries.
