Commodity sees price increase of up to 3% on Monday (26) due to news on oil production and export.
Browsing: exports
This year through July USD 31.6 million worth of goods were exported to Syria, a 276% increase compared to the same period last year. Imports are on the decline.
This is the second time this year that the Arab country authorizes the purchase of new products from Brazil, as Saudi imports of vegetable seeds were cleared in March.
Brazilian micro and small businesses are growing as exporters and bringing positive results to the country by selling higher-value products and boosting the economy. Aidu, with its food-grade aerosol, and Açaí Town are two successful ventures in the international market.
Brazil increased its sugar exports by 27.1% from April to July and continues to enjoy positive prospects in the international market. The sugarcane harvest is expected to be the second-best in history, and sugar production could reach a record high.
The Gulf state grossed USD 344.7 million from exports to Brazil year to date through July, up 78.5% compared to the same period in 2023. Exports from Brazil to Kuwait also stepped up but at a smaller pace and with a deficit balance.
Bahrain’s imports increased in July, and so did re-exports, in which a country exports goods that were previously imported. Top re-exports were private cars, gold ingots, and smartphones, according to a non-oil trade report.
In an interview with a TV show, the Algerian state oil firm’s CEO, Rachid Hachichi, said the company is widening its international operation in 2014.
Region went from a 10.6% share of exports of the Brazilian company in the second quarter of 2023 to 15.7% in the same period this year. A highlight at the earnings release was a net profit of USD 329 million.
The Arab country ranked fifth among the destinations of beef from Brazil from January to July 2023 and rose to third place this year, increasing its purchases by 212%.
The Middle East country stepped up its purchases of the Brazilian product by 118.6% in July, while two other Arab destinations, Saudi Arabia and the UAE decreased their imports. Despite the Newcastle disease case detected in southernmost state Rio Grande do Sul, overall exports climbed last month.
The United Arab Emirates is one of the destinations where the Brazilian Dental Council plans on taking Brazilian professionals via its internationalization project. Chairman sees room for catering to the foreign community living in the Arab country.
Jihed Ben Slama, one of the representatives in a delegation from Muslim-majority countries visiting Brazil this week via the Halal do Brasil project, seeks trade deals in the Latin American giant.
Minas Gerais, Rio Grande do Sul, Paraná, and Goiás are major exporters of halal foods. At an event with buyers from Muslim-majority countries, state and industry association representatives say they plan on boosting trade with Muslims and mention a business mission.
