Trade between Arabs and Brazilians in 2021 reached USD 24.25 billion. The UAE took over as the leading destination for Brazilian products.
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Revenue from poultry exports totaled USD 7.66 billion last year and reached a record volume. Top Arab buyers were the UAE, Saudi Arabia and Yemen.
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.
The cupping was organized by the Brazilian Embassy in Riyadh, Saudi Arabia. The event took place during the International Chocolate & Coffee Exhibition in the capital city of the Gulf country.
The Arab country purchased 59% of exports from Brazil year to date through November. Qatar, Oman and Saudi Arabia also stood out.
The segment has seen a recovery from 2020 in Brazil. Although the country has historically been an eyewear importer, local brands have worked with Brazilian design in pursuit of breaking into markets, including the Arabs.
Sales of products from Brazil to the Middle East and North Africa were up year to date through October, with a focus on iron ore, soy and poultry.
Both foreign sales and production dropped last month. The President of ANFAVEA stated it reflected the obstacles faced by the industry, such as the worldwide shortage of components.
In an online forum, representatives of the Brazilian state’s public and private sector discussed opportunities for partnerships and business with Arab countries. Arab Brazilian Chamber president and Market Intelligence manager participated.
Ebury started operating with a team in Brazil five months ago, and it works with specialty solutions for small- and medium-sized enterprises. Its operations include invoices from foreign clients and customized foreign exchange rate risk management strategies.
Executive Vicente Santos Jr. (pictured above), from Broker Comex, pens an article on how the pandemic context affects activities in ports and customs and demands more attention from exporters and importers to the area.
In total volume, shipments declined 25% compared to August 2020. Cecafé informed the main reason for the downturn is the continuation of logistical bottlenecks in global maritime transport.
9.3 million pairs were exported in the eighth month of the year, generating a 28.2% increase in volume and 34.9% in revenue, totaling USD 78 million. No Arab country is among the top 20 destinations for Brazilian footwear from January to August.
The Arab country was the second largest destination of Brazilian poultry exports in August. Libya’s purchases more than doubled.
