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:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil Politics: Three Cheers for Marina Silva!

Welcome back Marina Silva! By announcing her resignation from the Workers Party (PT), she ...

Snubbed as “Diplomatic Dwarf” Brazil Calls Israeli Spokesman the Assistant of the Assistant of the…

The special adviser for international affairs to the Brazilian presidency, Marco Aurelio Garcia, called ...

Getting Ready for World Cup Brazil Privatizes Galeão and Confins Airports

Brazil’s Confins and Galeão airports, respectively in Rio de Janeiro and Minas Gerais, should ...

How Can I Be a Contributor?

Brazzil is always open to new articles. We are interested in all subjects that ...

Brazil Taking Steps to Help Solve Bolivian Crisis

Brazilian President Luiz Inácio Lula da Silva said that the resignation request submitted by ...

This Brazilian Furniture Maker Uses Only Certified Afforestation Wood

Furniture sector company Taedda, from the southern Brazilian state of Paraná, has traced the ...

Americas’ First Wave Power Plant Is 100% Made in Brazil

In October, the first wave power plant on the American continent will commence operations ...

Brazil Lula’s Former Chief of Staff Goes to Court Against Accuser

Brazilian Congressman José Dirceu, who just resigned his post of  chief of staff of ...

Brazil’s Trade Surplus Keeps Growing. It’s Already Over US$ 31 Billion.

Brazilian shipments abroad resumed their growth pace last week, when the country exported products ...

Vanda: the Brazilian First Lady of El Salvador

It is a great time for 46-year old Vanda Guiomar Pignato, a native of ...