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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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.
According to Brazil’s Ministry of Agriculture and Livestock, revenue from exports reached USD 166.5 billion in 2023, up 4.8% from 2022. Sector was responsible for 49% of Brazilian exports.
Results released by the vehicle manufacturers association revealed a 16% decrease in foreign sales of light commercial vehicles, buses, and trucks.
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.
According to data released by the Ministry of Development, Industry, Commerce and Services, exports exceeded imports by USD 98.8 billion.
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.
Decision from Cairo to open fish and seafood market brings new business opportunities for the industry due to the local demand. The Arab country could reexport them to its African and Middle Eastern partners.
Data released by the National Institute of Statistics revealed a 5.28 billion deficit year to date through November. The result represents a drop compared to the last year’s numbers.
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.
Data from government statistics agency IBGE showed that from July to September services and industry grew by 0.6% each, while the agricultural sector contracted by 3.3% from the second quarter.
The North African country opened its market for Brazilian poultry in October. Negotiations to reduce tariffs to close to zero are already underway.
In his speech at the Global Halal Brazil Business Forum (GHB), the Minister of Agriculture and Livestock of Brazil emphasized his country has the excellence and capacity to meet the halal demand, discussed expanding commercial exchange with fertilizers, and highlighted Brazil as a prosperous land for investments.
