In the first half of 2021, the Gulf country boosted its iron ore purchases. According to an analyst, the action was driven by the vaccination progress and the upturn of the local industry.
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In the first half of 2021, domestic sales increased, but the exported amount fell, according to the Brazil Steel Institute (IABr).
Data is measured by the Brazilian Confederation of Goods Trade, Services, and Tourism. The index reached 68.4 points and has had its highest level since April.
The managing director of Emirates airlines in Brazil, Stephane Perard, said the pandemic hampered the company’s plans in the country, but they will soon focus on other regions of Brazil again.
In addition to the increase in exports and imports, Brazil is expected to see a record-high surplus in foreign trade. According to the Brazilian Foreign Trade Association, which made the forecast, the results will primarly come from the rise in commodity prices.
For Jean Stoll of A.P. Moller-Maersk, containers that return to Brazil after exports to the Arabs are still little used. He spoke in a webinar on logistics this Tuesday (6).
Hunter Foods started exporting its snacks to the country back in 2019. “We expect a high growth in the Brazilian market in the future,” the brand’s managing director said.
The United Arab Emirates is in talks to open its market for the apple juice from Brazil and sent a document to Brazil’s Agriculture Ministry with some specifications. Find out more on the Brazilian apple juice.
The virtual event will have buyers from Saudi Arabia, Qatar, Bahrain, Oman, and the UAE. Registration is open until July 9.
The Gulf country has approved a new model of International Health Certificate for beef from Brazil. Saudi Arabia has also opened up its market for sheep meat from Brazil.
Solar-powered irrigation pivot was developed by a Brazilian team at Valmont Solar Solutions. The device is now being used in a farm in Sudan.
The Brazilian Administrative Council for Economic Defense approved the sale of Petrobras’ Landulpho Alves Refinery to the UAE investment fund Mubadala Capital.
Foreign trade surplus benefited the country’s current accounts in April, which reached a record-high USD 5.7 billion.
According to a Central Bank indicator, the economy picked up in Q1 2021 from Q4 2020.
