In January, Brazil’s exports to the Arab country rose by 400%, but overall international shipments were lower than in the same period last year.
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Exports to the Arab country increased in January compared to the same period last year, according to data from the Brazilian government.
In 2024, Brazil exported USD 23.68 billion and imported USD 10.18 billion from the Arab countries. The trade flow reached USD 33.87 billion, with a trade balance surplus of USD 13.49 billion.
The Arab-Brazilian Chamber has announced the balance of the Halal do Brasil project, through which, together with ApexBrasil, it promotes Brazilian halal products in Muslim-majority markets. A total of 124 companies have been supported by the program, and the number of countries reached is increasing.
Data from the trade balance in the sector shows a surplus equivalent to USD 435 million.
The two Arab countries ranked among the top five largest importers of eggs from Brazil in 2024.
On the rise in Brazil since 2023, the nut, which is featured in both sweet and savory dishes, has seen its imports triple over the past five years.
The trade balance was boosted by a similar percentage increase in exports from both countries. Kuwait supplies mainly oil to the Brazilian market. Brazil exports chicken meat.
During a visit to the Arab-Brazilian Chamber of Commerce, the chargé d’affaires of the Lebanese Embassy, George Al Jallad, said trade between the two countries is below its potential and the cultural and historical ties that unite them.
The Libyan market imported 1.6 million tonnes of iron ore from Brazil from January to October, a 60% increase compared to the same period last year. It is the largest volume in the current decade.
The government of the North African country has removed the VAT on the import of up to 20,000 tonnes of beef, sheep, goat, and camel meat.
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.
The Brazilian Chamber of Foreign Trade raised the import tax to 25% on certain iron and steel products and also increased rates on other items, including sodium chlorite and optical cables. Conversely, tariffs were eliminated for three products, including polyester threads.
Brazil’s year-to-date exports to the Middle East and North Africa grossed USD 17.7 billion through September, up 25% from the same period last year. The performance is on track for a new record.
