Saudi EXIM offers 50 local companies training and networking to expand Saudi Arabia’s exporter base.
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Brazil’s trade surplus reached USD 7.74 billion in September, with stronger exports helping drive the increase. Exports to the European Union rose 60%.
International coffee trade totaled 12.58 million 60-kg bags in August. Over the first 11 months of the season, exports rose 1.1%, driven by robusta coffee.
Resende’s secretary of Industry, Trade and Services, Fernando Rodrigues, and superintendent of Technology and Innovation Fernando Vitorino presented the city’s internationalization and investment attraction strategy at the Arab-Brazilian Chamber.
Statistics body Conab projects national coffee production at 67.6 million bags, up 19.6% from last year and the highest level in the historical series.
Imports, however, are declining, mainly due to lower purchases of nitrogen fertilizers and refined petroleum.
Xodó da Amazônia’s açaí coffee drew interest from Arab importers at business meetings held in São Paulo last month. The company is banking on the product’s sustainability to export.
Brazil’s chicken exports to both countries rise in August. In total, revenue from overseas sales of the product has reached US$7.6 billion so far this year.
At the opening of the Brazil & Arab Countries Economic Forum, speakers said the relationship between Brazil and Arab countries could evolve beyond trade and highlighted challenges in the Middle East.
Qatar Chamber delegation says it wants to partner with Brazilian companies, especially food producers, to set up operations in the country.
Year to date, Brazil has earned USD 161.4 million from exports to the Gulf country, while imports are declining.
Founded in Rio de Janeiro and known for its playful product names, such as the Rapunzel hair tonic, the haircare brand has accelerated its international expansion and is now available in markets including Morocco, Qatar, Kuwait and Saudi Arabia.
Data from the National Observatory of Agriculture show a trade surplus in Tunisia’s food sector, driven especially by a 43.4% increase in olive oil exports this year.
In its second-quarter results, Brazilian multinational food processor reports higher profitability in the region and gains exceeding cost increases.
