This year’s GDP projections are based on the World Economic Outlook review, which also estimated 1.7% growth for Brazil.
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Sales from Brazil set a new record high in 2023, and trade with Middle East and North Africa states expanded. Egypt and the UAE are some of the leading partners of Brazil.
A fifth frequency on the Dubai-Rio de Janeiro-Buenos Aires route was announced to start in December. The flight will depart on Saturdays from Dubai.
Data released by the Ministry of Tourism showed the country received 5.9 million international visitors in 2023, a number higher than in 2022 but still below 2019.
Exports expanded both in revenue and volume, industry lobby ABPA reported. ABPA president Ricardo Santin believes this results from international promotion actions. Saudi Arabia is the top exporter.
The global flow of foreign direct investment reached USD 1.37 trillion last year, with a slowdown in developed and developing nations, according to UNCTAD data. The United Arab Emirates and Saudi Arabia saw higher investments in their greenfield projects.
Results released by the vehicle manufacturers association revealed a 16% decrease in foreign sales of light commercial vehicles, buses, and trucks.
According to data from the International Air Transport Association, air travel demand in November 2023 reached 99.1% of November 2019 levels.
There was a 10.8% drop in revenue and a 16.6% decrease in volume from 2022, according to sector association data. In December, Libya imported USD 730,000.
According to the sector lobby, sales to both countries grew from the same month in 2022. Brazil’s poultry exports increased by 6.6% in 2023.
The negative balance in current transactions was of USD 1.55 billion, a drop from 2022.
Saudi Arabia’s Public Investment Fund deployed USD 31.6 billion across deals in various countries, including Brazil.
The North African country’s decision also includes the import of day-old quails, adding to previous market openings for Brazilian products.
Ports and Airports Minister Silvio Costa Filho announced the first step of the air transport program in Brazil, with an increase in the number of airports and a reduction in ticket prices.
