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.
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.
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.
Fertilizers and inputs were the most imported chemicals to Brazil in October, at 21% of total imports.
