Brazil Sells US$ 1.8 Billion to Arabs in August, a 51% Growth and a Record

Brazil's Vale Brazil Exports to the Arab countries generated US$ 1.824 billion in August, growth of 51% over the same month last year, according to figures disclosed by the Ministry of Development, Industry and Foreign Trade. The value is a monthly record.

Among the main products shipped to the region there was growth in sales of sugar, ores, chicken, corn, machinery and equipment, inorganic chemical products, coffee and live cattle. Exports of vegetable oil remained practically stable while beef sales dropped.

“Exports of iron ore surprised positively, as they showed that the local industry is still working, despite the problems in the region,” said Michel Alaby, CEO at the Arab Brazilian Chamber of Commerce. “This means that they (the Arabs) are producing steel, investing in construction and in the transformation industry,” he added.

Demand in the building sector may also be seen in machinery and equipment sales figures. Items like land-levelers, excavators and others of the kind answered to a large share of exports of this chapter in the month.

Brazilian iron ore also supplied the demand of Sohar Port, in Oman, where Vale has a pelleting plant and a maritime terminal.

“In the case of food, growth is natural, to contain inflation,” said Alaby. The Arab world greatly fears the increase of agricultural commodities on the international market, and this has resulted in the countries in the region establishing regulatory stocks.

In the year, exports from Brazil to the Middle East and North Africa totaled US$ 9.69 billion, growth of 32% over the period from January to August 2010. “The tendency is to maintain this growth up to the end of the year,” said Alaby.

A highlight is the greater sales to Algeria, which exceeded US$ 1 billion, growth of 128% over the first eight months of last year. In the case of the Emirates, whose purchases reached US$ 1.4 billion, the growth was 32%. Oman’s purchases, US$ 489 million, grew 494% and Tunisia’s, at US$ 282 million, grew 154%.

The main destinations for Brazilian products was Saudi Arabia, with imports of US$ 2.35 billion and growth of 26% over January to August last year, Egypt, with US$ 1.47 billion, growth of 27%, the Emirates, Algeria and Morocco, with US$ 495.5 million, growth of 25%.

On the other side, Brazilian imports of Arab products totaled US$ 913 million in August, growth of 81% over the same month in 2010. In the accumulated result for the year, purchases climbed to US$ 6.4 billion, growth of 43% over the period from January to August last year.

The highlight in the month of August and this year was to the import of oil and oil products, fertilizers and plastics. From January to August, there was also expressive growth in the imports of inorganic chemical products, cotton, glass and rubber.

Anba

Tags:

Ads

You May Also Like

Brazil: Murdered Journalist’s Wife Harassed for Seeking Justice

The family of Brazilian journalist Luiz Carlos Barbon Filho is being harassed a year ...

Paraguay Tells Brazil: We Don’t Want a Friendly Hand. But Justice and Our Money

Fernando Lugo, the president of Paraguay, said he is looking forward to the coming ...

The New Abolition

The persistence of poverty in Brazil stems from the fact  that we endeavor to ...

Less than 3% of Brazil’s 180,000 Public Schools Have a Computer

Approximately 100 parliamentarians of over 20 countries participated this Monday, June 6, in the ...

Suspect of Killing US Nun Had Been Fined

One of the four suspects of involvement in the murder of American missionary Dorothy ...

Brazil’s FGV Joins University of California to Offer Free Online Course

Brazil's Fundação Getúlio Vargas Foundation (FGV) has partnered with UC Irvine Extension, the continuing ...

World Bank Praises Brazil for Anti-Corruption Effort

Daniel Kaufmann, director of Global Programs at the World Bank (IBRD), considers Brazil one ...

Brazil Will Keep Growing Agricultural Exports to Arabs in 2010

The Middle East and North Africa are included in the action plans of Brazil’s ...

The Good Cause

An organization of poor black women, descendants of slaves, overcomes formidable obstacles—including the animosity ...

Brazilian vice president José Alencar

Brazil Summit Presents Biofuel as Answer to Planet’s Energy Needs

The present and the future of ethanol in the world is being debated in ...