The Brazilian market imports 7% of the food and beverage it consumes. Arab countries participate as suppliers of sardines, olives, oranges, and other items.
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The Ministry of Development, Industry, Trade and Services expects the 2023 Brazilian trade balance to post the highest surplus ever due to the declining prices of leading imports.
The traffic of ports managed by Morocco’s National Ports Agency (ANP) dropped by 4.2% in 2022 compared to the previous year.
The Egyptian government facilitated clearance to avoid the accumulation of goods in ports and reduce the cost of products for the population.
Inflated prices of products such as fertilizers and oil increased Brazilian imports in July, diminishing the positive trade balance.
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 January, Brazil’s revenue from exports to the Arabs climbed 74% from a year ago.
Professor and researcher Marcos Jank expects Arab nations to overtake the European Union in imports of farm and livestock products from Brazil soon. He discussed the topic in a TV show on channel Terra Viva.
Year-to-date through November, imports grew by 5.3% from a year ago, to USD 5.058 million.
Brazilian trade balance registered exports in USD 3.9 billion and imports in USD 3.3 billion in the third week of February. Balance was positive USD 608 million positive.
In the first two weeks of February, with six working days, Brazil registered USD 4.8 billion in exports and USD 3.8 billion in imports.
Positive balance is the result of USD 3.62 billion in exports and a little more than USD 3 billion in imports.
Brazilian exports reached USD 3.536 billion, and the imports USD 5.521 billion. Negative balance was USD 1.985 billion.
Exports came out to USD 3.86 billion and imports hit USD 1.97 billion in the first week of January in Brazil.
