Projection is included in the budget approved by the Senate. Exports and imports are also expected to grow this year compared to 2024.
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Data from the trade balance in the sector shows a surplus equivalent to USD 435 million.
Brazil’s corn exports to Egypt alone grossed USD 1.1 billion in 2024.
Among the top five destinations of the product’s exports, four are Gulf countries. The United Arab Emirates is the largest client.
State-owned lands will be allocated for agricultural use aiming to enhance food security and even export food.
The two Arab countries ranked among the top five largest importers of eggs from Brazil in 2024.
Data released by Brazil’s Ministry of Agriculture and Livestock show that the United Arab Emirates and Egypt were the top Arab clients of Brazil’s agribusiness. Exports to the Middle East and Africa grew.
The United Arab Emirates was the second largest importer of chicken meat from Brazil, and Saudi Arabia was the fourth, according to information from chicken lobby ABPA.
The trade balance was boosted by a similar percentage increase in exports from both countries. Kuwait supplies mainly oil to the Brazilian market. Brazil exports chicken meat.
The Brazilian government has allowed companies to receive interest rate equalization for export credit before shipping goods, rather than only after dispatch or invoicing.
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.
