Non-oil foreign trade through the emirate grew during 2023 compared to 2022.
Browsing: imports
Revenue from the industry in February also posted a decline compared to the same period a year earlier, ABIMAQ reported. Benchmark interest rate is still high, the industry says.
Ministry forecasts a trade surplus of USD 84.7 billion this year as imports will fall more than exports. Prices of goods Brazil imports like fertilizers, fuels and wheat are declining.
The Brazilian market imports 7% of the food and beverage it consumes. Arab countries participate as suppliers of sardines, olives, oranges, and other items.
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.
Health regulator Anvisa has approved the adoption of physically remote inspection of goods arriving at the ports, airports and borders of Brazil.
Trade between Arabs and Brazilians in 2021 reached USD 24.25 billion. The UAE took over as the leading destination for Brazilian products.
The segment has seen a recovery from 2020 in Brazil. Although the country has historically been an eyewear importer, local brands have worked with Brazilian design in pursuit of breaking into markets, including the Arabs.
With Petrobras unprepared to attend the demand for gasoline and diesel in November, the Brazilian market could seek products overseas to avoid shortages.
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.
Brazil is buying more in both value and kilograms. Experts see global supply chain reorganization and stock rebuilding as some of the reasons.
