Exports to the country have been consistently growing since 2022, based on the analysis of the first eight months of the year. Imports, on the other hand, are declining.
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A major exporter of oil and gas, the Arab country recorded a trade surplus. Top imports were mineral products and machinery.
According to a report by IATA, demand in the region witnessed a 14.7% year-on-year increase in July fueled by maritime tensions.
The importer is bringing perfumes by Khadlaj and Style & Scents, both from the United Arab Emirates, to sell in Brazil. Style & Scents products are already available to consumers, while Khadlaj’s will arrive in the coming days.
This year through July USD 31.6 million worth of goods were exported to Syria, a 276% increase compared to the same period last year. Imports are on the decline.
October will see the start of a major migration of import operations from Siscomex LI/DI to the National Single Window, which promises to reduce processing times and streamline procedures.
The top destination in Africa of Brazilian agribusiness goods in the first half of the year, Egypt has dramatically stepped up its purchases of sugar and soybean from the Latin American giant. On the other hand, Egypt supplies a significant volume of fruits to Brazil.
Iron ore, chicken, beef, sugars, and coffee were the top export from Brazil to the North African country in the first half of the year.
Since June 10, 1974, the two countries have maintained diplomatic relations that’ve evolved into an intensive trade. In an exclusive interview with ANBA, the UAE’s ambassador to Brasília, Saleh Alsuwaidi, said cooperation between the countries also encompasses culture, tourism and defense.
North African country opened market to Brazilian poultry last October and imported 10,000 tonnes year to date through October.
Processes that are now conducted via Siscomex LI/DI system will be carried out via the Foreign Trade Single Window starting October. Migration will be gradual, and the old tool will only be fully deactivated in late 2025.
Non-oil foreign trade through the emirate grew during 2023 compared to 2022.
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.
