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.
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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.
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.
These were some of the leading exports of the country in February, a month that posted lower imports of grain, vegetable oils and sugar compared to a year earlier. Surplus was posted at USD 281.3 million.
Exports surpassed imports by USD 8.67 billion in 2023. Last year saw shipments to Arab countries increase by 9.2% and imports decrease by 28.9%. The main Brazilian export was sugar, and the leading Arab import was oil.
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.
Agribusiness products were the top exports from Brazil to the bloc, which reached USD 11.47 billion, down 6.3%. Decline was lower than in other Brazil’s foreign partnerships, though.
Imports dropped faster than exports, driving a USD 6 billion surplus in September.
US dollar outflows exceeded inflows by USD 3 billion, ending a string of deficits that had begun in July 2019.
Trade balance deficit stood at USD 6.9 billion in 2019, a result of exports at USD 15.5 billion and imports of USD 22.5 billion.
Foreign sales slid by 20.4% year-on-year to USD 18,23 billion. The trade surplus narrowed by 80%.
Deficit rose to USD 3.87 billion, up 6.8% from a year ago. Exports increased by just 0.5%, while imports increased by 4%.
Estimate for 2019 surplus rose from USD 50.1 billion to USD 56.7 billion. However, a decline in both exports and imports is expected.
The country grossed USD 65.4 billion in revenue, with expenditure reaching USD 48 billion from January to March, leading to a USD 7.4 billion surplus.
