Shipped volume climbed 2% in September, even though export revenues decreased. China remains the leading importer year-to-date, with Egypt in second.
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Imports dropped faster than exports, driving a USD 6 billion surplus in September.
A new ruling has exceptionally extended, for one year, duty drawbacks designed to make Brazilian exporters more competitive.
The Arab country grossed EUR 550 million from foreign sales of leather and shoes last year. Work is underway to see double that amount by 2030 by adding value and attracting foreign investors.
Year-to-date through August, Arab countries purchased 1.17 million bags of coffee from Brazil, up 2.8% year-on-year. Export revenues, however, slid by 8%.
A batch of 26,000 animals will be loaded onto a ship at the Rio Grande Port, in Rio Grande do Sul, 22,000 of which are headed for Turkey. The remainder is bound for Lebanon.
Shipped volume went up while revenue declined last month, the Brazilian Animal Protein Association (ABPA) said. Sales increased to Saudi Arabia and the UAE.
Last month saw 3 million bags of coffee shipped from Brazil, the next-to-highest amount since record-taking began.
Brazilian Secretariat for Ports director of New Concessions and Port Regulation Policies Fabio Lavor said that despite the pandemic, the highest industry throughput on record is expected this year. He spoke during a webinar hosted by the Arab Chamber and the Union of Arab Chambers this Wednesday (12).
A slowdown in foreign purchases made the gap between the Arab country’s imports and exports grow smaller in the first seven months of this year.
Shipped volumes of chicken meat were down 5.7% year-on-year in July, but China was a major buyer. Sales to all Arab countries combined went down, but Libya, Bahrain, Jordan and Egypt stepped up their imports.
Foreign sales climbed 91% in volume and 83% in revenue year-on-year in July. Asia was one of the leading importers.
The Arab country has cleared imports of items including canned chicken meat, chicken nuggets, chicken sausage, and chicken mortadella. Egyptians are looking for alternatives to high-priced beef protein.
Brazil’s Agricultural Research Corporation and the Rio Grande do Sul State Agricultural Cooperatives Federation have been working for four years now to professionalize wheat production intended for export. A type of wheat grown in the state is unappreciated domestically, but it is sought after in other countries.
