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.
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The event will be held on October 31 and November 1 in the capital of São Paulo, featuring lectures by Brazilian and African countries heads and business roundtables.
Exports declined by 0.3% last month, but the surplus was up 5.5% as imports fell more.
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 Commercial Section of the Embassy of Brazil in Cairo has a new head, Fernando Bastos. He visited the headquarters of the Arab Brazilian Chamber of Commerce in the Egyptian capital to discuss joint cooperation actions for Brazil-Egypt trade.
According to Saudi Arabia’s official news agency, facilitating passenger travel between the two countries is also a goal.
Executives from the two institutions discussed how to cooperate to boost Egypt-Brazil trade.
National US-Arab Chamber of Commerce president David Hamod and Algeria’s Industry Ministry secretary-general Belabrik Salah Eddine met during a special session in the Economic Forum Brazil & Arab Countries.
The potential for a more strategic relationship is significant, emphasized Khaled Hanafy, secretary-general of the Union of Arab Chambers at the Economic Forum Brazil & Arab Countries. In a panel, executives from the Chambers of Oman, Bahrain, and Jordan spoke on the future of this connection.
The pavilion of the Arab country at the world exhibition features artifacts and manuscripts that marked its history. Yemen is also showcasing and selling items such as locally produced honey and propolis.
Year to date through November 2021, the Brazilian retail trade sales stepped up 1.9%. Increased sales in hypermarkets, supermarkets, foodstuff, beverages and tobacco contributed to the results.
Year to date through November, Brazil purchased 100.6% more Arab products compared to 2020. Nevertheless, the balance continued to post a surplus for Brazil.
In an online forum, representatives of the Brazilian state’s public and private sector discussed opportunities for partnerships and business with Arab countries. Arab Brazilian Chamber president and Market Intelligence manager participated.
Ambassador Carla Jazzar, chargé d’affaires of the Lebanese Embassy in Brasília, visited the headquarter of the institution and talked with its representatives on actions that could help the Arab country get back on its feet.
