The Brazilian government has allowed companies to receive interest rate equalization for export credit before shipping goods, rather than only after dispatch or invoicing.
Browsing: exports
Domestic production grew from January to November and is expected to reach 33.7 million tonnes by the end of 2024. Imports also increased over the period, but exports fell.
Oil is on track to become Brazil’s main export product in 2024. This will be the first time in history, according to data from the historical series that began in 1997.
The United Arab Emirates, Saudi Arabia, and Iraq are among the top ten importers of Brazilian chicken meat, says ABPA. According to the institution, the sector is set to reach production and export records this year.
The Brazilian brand has footwear starting to arrive in Arab countries such as Kuwait, Egypt, and the UAE, in addition to established sales in Saudi Arabia, Oman, Jordan, Libya, and Sudan. Opananken makes an Arab sandal specially developed for the region.
Arab countries are among the top buyers of Brazil’s agribusiness, according to the country’s National Confederation of Agriculture. The agribusiness GDP is expected to grow by 2% this year.
Exports of beef from Brazil increased by 9% in November, a lower percentage compared to previous months. The United Arab Emirates more than doubled its purchases.
During a visit to the Arab-Brazilian Chamber of Commerce, the chargé d’affaires of the Lebanese Embassy, George Al Jallad, said trade between the two countries is below its potential and the cultural and historical ties that unite them.
The Libyan market imported 1.6 million tonnes of iron ore from Brazil from January to October, a 60% increase compared to the same period last year. It is the largest volume in the current decade.
An initiative by the Arab-Brazilian Chamber of Commerce and ApexBrasil brings food companies to seek local clients at Food Africa from December 3 to 5.
Brazilian brands are standing out worldwide and are beginning to gain popularity among consumers in Arab countries. Saudi Arabia is already the fifth-largest destination for Brazilian chocolate exports, and other markets in the region, such as the UAE, Qatar, Kuwait, Oman, and Bahrain, also have fans of national chocolate.
Sugar and mate round off the list of leading products sold by Brazil to the Arab country. Year-to-date exports surpassed the 2023 results by nearly 400%.
The Arab country was the third biggest importer of beef from Brazil year-to-date through October and accounted for 4.7% of total foreign sales.
The Caxias do Sul-based company is featuring a new product targeting Arab buyers at the GulfHost exhibition in Dubai. The goal is to reach more clients across the Middle East.
