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.
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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.
Data from the first half of 2021 shows hair care products and deodorants boosted the upward situation.
Online event brought representatives of the dairy industry of Minas Gerais, Brazil, and identified opportunities for exporting to Egypt. Arab Brazilian Chamber secretary-general participated.
Decree published on Monday (26) has extended the list of medical, hospital and hygiene products that cannot be exported as they are essential to fighting COVID in the country.
In the first half of 2021, domestic sales increased, but the exported amount fell, according to the Brazil Steel Institute (IABr).
In addition to the increase in exports and imports, Brazil is expected to see a record-high surplus in foreign trade. According to the Brazilian Foreign Trade Association, which made the forecast, the results will primarly come from the rise in commodity prices.
In the first half of 2021, footwear exports from Brazil reached 57 million pairs, down just 0.3% from 2019, Abicalçados reported.
