Shipments reached record-breaking volumes and revenue in 2022. The United Arab Emirates were the second main destination for Brazilian exports.
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Taking office as Minister of Development, Industry, Commerce, and Services this Wednesday (4), the Vice President of the Republic, Geraldo Alckmin, said he would work with Apex to reposition Brazil’s image in the world.
Foreign automobile sales increased 6.6% in the first month of the year compared to January 2021.
Brazilian foreign sales totaled USD 19.6 billion, surpassing the previous record for the month, set in 2018. Soybean shipments drove the surge.
Year to date through November, Brazil purchased 100.6% more Arab products compared to 2020. Nevertheless, the balance continued to post a surplus for Brazil.
In the first half of 2021, domestic sales increased, but the exported amount fell, according to the Brazil Steel Institute (IABr).
Year-to-date through May, the Arab country purchased 335% more Brazilian eggs than a year ago. Exports were driven by the recovery of the levels of consumption in the UAE market, ABPA reported.
Amid uncertainties in the foreign market, Arab purchases of maize from Brazil fetched USD 212.5 million year to date through March, up 132%. The increase reflects a smaller availability from U.S. suppliers, as the country made deals with China.
In the Brazilian Agribusiness Forum, Arab Brazilian Chamber president Rubens Hannun discussed the challenge and the opportunity for Brazilians in value-added selling. The event took place online on Monday, 19.
Driven by China, Asia is the top destination. Africa’s imports increased, particularly Egypt’s, up 15% from 2019. Other two Arab countries that increased their imports were Jordan, up 18%, and Yemen, 6.1%.
ABIEC forecasts that shipments will end the year at 2.02 million tonnes, fetching over USD8 billion for the first time. Top destinations include Egypt, Saudi Arabia and the UAE.
The Gulf country’s purchases were a highlight in foreign sales of chicken during October at 44,900 tons imported.
Exports from Brazil came out to USD 1.1 billion, the highest monthly result to date this year. Sales increased month-on-month for sugar, iron ore, beef and poultry.
Legal tools for doing due diligence are key when it comes to entering into export contracts with companies big or small. So said Arab and Brazilian attorneys-at-law featured in a webinar this Wednesday (8).
