Executives from the Arab-Brazilian Chamber of Commerce, companies from Brazil, and the Brazilian Embassy in Kuwait met with authorities and potential clients.
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Estimates from the National Bank of Kuwait indicate expansion of the country’s non-oil GDP.
Among the top five destinations of the product’s exports, four are Gulf countries. The United Arab Emirates is the largest client.
In the full year tally for last year, the United Arab Emirates was the primary Arab destination of Brazilian shoes, followed by Libya and Lebanon. Iraq and Qatar were the only countries to increase their purchases.
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.
The Brazilian brand has footwear starting to arrive in Arab countries such as Kuwait, Egypt, and the UAE, in addition to established sales in Saudi Arabia, Oman, Jordan, Libya, and Sudan. Opananken makes an Arab sandal specially developed for the region.
Brazilian brands are standing out worldwide and are beginning to gain popularity among consumers in Arab countries. Saudi Arabia is already the fifth-largest destination for Brazilian chocolate exports, and other markets in the region, such as the UAE, Qatar, Kuwait, Oman, and Bahrain, also have fans of national chocolate.
Delegates from companies based in the United Arab Emirates and Kuwait will attend the BF Show, to be hosted by the industry association Abicalçados from November 11 to 13.
An event in February 2025 will feature inventions in fields such as education, aviation, agriculture, and civil engineering. Applications are being accepted.
Catarina Mina, a brand created by Celina Hissa, sells crochet bags and clothing made by artisans to 28 countries, including the United Arab Emirates, Kuwait, Egypt, and Lebanon.
Brazilian Dr. Leandro Totti Cavazzola, a reference in robotic surgery, has been conducting training with doctors from the Arab country for five years.
The Arab country’s GDP may slow down in 2024, the same as it did in 2023, but an expected reversal of oil production cuts paves the way for 2.8% growth next year, the IMF said.
The country was the 10th biggest buyer of Brazilian chicken meat in September, industry association ABPA has reported. The UAE ranked 2nd, and Saudi Arabia was 4th.
Financing for financial institutions reached USD 7.8 billion through July. Amount borrowed by consumers has also increased.
