Up to September, Brazilian trade with the Arabs has already exceeded the total for 2003
In the first nine months of 2004, Brazilian export to the region has totalled US$ 3.014 billion, import US$ 2.829 billion, and bilateral trade has reached US$ 5.843 billion. In the whole of last year, shipping generated US$ 2.759 billion and purchases US$ 2.705 billion. Both the export volume and bilateral trade are historic records.