In the first two months of the year, 3,400 pairs were imported from the Arab country, more than double the same period last year, according to Abicalçados data.
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Federal decree establishes rules that may be applied when imports from a country with which Brazil has a trade agreement cause serious harm to domestic industry.
Nine years after entering into force, the free trade deal between the Arab country and the South American bloc reaches its final stage of import tariff reductions.
The Brazilian government temporarily removed tariffs on 421 capital goods and IT products and 638 types of auto parts. Additionally, 20 industrial and agricultural inputs will now enter the country duty-free.
Brazilian exports to the Arab market grew 10% compared to January of last year, reaching a total of USD 1.98 billion. Imports are declining.
The Brazilian market bought fewer fertilizers from abroad in November last year. However, cumulative imports from January to November are still up.
Bovine heparin is used in clinical therapies. Approval for sales to the Gulf country was announced by Brazil’s agriculture and foreign affairs ministries.
Brazil’s agriculture and livestock sector earned USD 169.2 billion from exports last year. Despite a slight drop in average prices, higher volumes sustained the performance.
A survey by CNI and Funcex found an increase in the share of imported goods in Brazilian consumption in 2024, especially higher-value, technology-intensive products from China. The use of imported inputs also rose.
Through November this year, Brazilian exports to the Arab country rose 1.3%, while imports were 9.2% higher than in the same period last year.
Between January and October this year, purchases of the agricultural input grew by 30%. Exports to the Arab country are declining.
Sales have reached USD 41 million this year, up 67.9% compared to last year. Imports are declining.
The ambassador of the Asian country visited the Arab-Brazilian Chamber of Commerce with representatives from industry associations to foster trade relations, exchange experiences, and discuss investments.
Automakers operating in Brazil shipped 57,089 vehicles abroad in August and 378,249 year to date. Boosted by Argentine purchases, exports supported the sector.
