A delegation led by Saudi Exports was welcomed at the Arab-Brazilian Chamber of Commerce, where they attended a presentation on opportunities to expand Saudi Arabia’s exports to Brazil.
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Year to date, the North African country’s trade balance shows a negative deficit equivalent to USD 3.4 billion. Exports recorded a slight decline.
Brazil’s trade flow with the Arab country is based on food and fuels. Despite a 5.4% decline in trade over the first five months of the year, it grew last month.
From January to April of this year, USD 54.6 million worth of fertilizers got shipped from the North African country to Brazil, a 44.2% increase from a year ago.
Fertilizer imports grew by 19% in February, and national production also increased. The sector association reports a higher demand for the product.
According to the port management company Mwani, 247 vessels docked in the country in March, marking a 9% increase compared to February. The volume of building materials alone saw an 118% surge in activity.
As São Paulo’s orange groves struggle with greening disease, Egypt has expanded its orange exports to Brazil. Competing head-to-head with Spain, the Arab country sold USD 16.1 million worth of oranges to Brazil in 2024.
Executives from the Arab-Brazilian Chamber of Commerce met with the Oman Chamber of Commerce and Industry, discussed advancements in the partnership between the two institutions, and explored ways to increase trade between the two countries.
To circumvent the rising prices of olive oil, Brazilians are buying it in smaller volumes, according to Rita Bassi from the Oliva association. The outlook is for a decrease in prices, however, due to the good olive harvest beginning in producing countries.
At a forum in Cairo, the head of the Arab-Brazilian Chamber of Commerce Office in Egypt, Micheal Gamal Kaddes, presented the results of the free trade agreement between the Arab country and Mercosur. Egyptian sales increased in revenue, and the range of products diversified.
According to a report by IATA, demand in the region witnessed a 14.7% year-on-year increase in July fueled by maritime tensions.
North African country opened market to Brazilian poultry last October and imported 10,000 tonnes year to date through October.
These were some of the leading exports of the country in February, a month that posted lower imports of grain, vegetable oils and sugar compared to a year earlier. Surplus was posted at USD 281.3 million.
Sales from Brazil set a new record high in 2023, and trade with Middle East and North Africa states expanded. Egypt and the UAE are some of the leading partners of Brazil.
