Despite Weak Dollar Brazilian Exports to Arabs Grow 16%

Brazilian beef ready to export Brazil has posted a 16.15% increase in exports to the Arab in the accumulated trade balance result this year, according to figures supplied by the Ministry of Development, Industry and Foreign Trade. Sales to the region were US$ 910.9 million in January and February this year, against US$ 784.2 million in the same months in 2006.

"Despite the depreciated dollar, exports grew above the forecast," stated Arab Brazilian Chamber of Commerce president Antonio Sarkis Jr. The organization had forecasted a 15% increase in sales to the region in 2007.

"The sales volume to the Arab countries of all sectors, from manufactured to agricultural products, is growing at a stable rate," stated Sarkis. The growth has accompanied the rhythm of Brazilian exports, which rose 16.9% in the first two months of this year when compared to the same months in 2006.

"The Arab market presents demand for products in which Brazil is competitive, mainly in agroindustrial products," stated the secretary general at the Arab Brazilian Chamber, Michel Alaby.

In the first two months of the year, the Arab countries that imported most from Brazil were Egypt, with purchases of US$ 165.6 million, Saudi Arabia, with US$ 160.2 million, the Emirates, with US$ 129.9 million, Algeria, with US$ 54.3 million, and Jordan, with US$ 49.7 million.

The countries that increased their purchases the most, in turn, were Mauritania, with growth of 899% in purchases, to US$ 20.8 million; Jordan, up 436.3% to US$ 49.7 million; Algeria, with growth of 179%; Yemen, up 168% at US$ 23.1 million; and Syria, with growth of 157% and purchases of US$ 45.9 million.

Imports of products from the countries that are members of the League of Arab States grew 22.52% in January and February when compared to the same months in 2006. They reached US$ 814.1 million against US$ 664.4 million in the first two months of last year.

Brazil imports from the Arab countries mainly oil and derivatives. The main Arab supplier to Brazil was Algeria, followed by Saudi Arabia and Libya. In February, Brazilian imports from the League of Arab States grew 31.4%, reaching US$ 378 million. In this case, the main supplier was Saudi Arabia, followed by Algeria and Iraq.

In February alone, Brazilian exports to the Arab countries rose 2.88% when compared to the same month in 2006, reaching US$ 406.7 million. The main buyers were Egypt, Saudi Arabia, the United Arab Emirates, Jordan and Syria.

The bilateral trade between Brazil and the League of Arab States, in the month, was US$ 784.8 million and posted an increase of 14.9%. In the accumulated result from January and February, bilateral trade was US$ 1.7 billion and grew 19% over the same period in 2006.

Anba

Tags:

You May Also Like

Brazil’s Benchmark Interest Rate Raised to 19.5%

The Monetary Policy Committee (Copom) of the Brazilian Central Bank (BC) resolved on Wednesday, ...

Brazil Offering Loans to Environmentally Friendly New Companies

Brazilian companies with innovative, socially impactful, environmentally positive projects are eligible to register for ...

Brazil to Have 1,150 Bone Marrow Transplants in 2005

Seven hundred seventy bone marrow transplants were performed in Brazil between January and August ...

Gang Brings Children to Illegal Brazilians in the US

A gang that was trafficking Brazilian children to the United States has been broken ...

Brazilian Company Does Satellite Mapping of Haiti

The Brazilian Agricultural Research Company (EMBRAPA) was responsible for all the satellite mapping done ...

Child Labor Went Down in Brazil, But 5 Million Underage Workers Are Still Way Too Many

One hundred and eleven years after Brazil abolished slavery, the number of workers deprived ...

Brazil Praises Bush for Friendliness and Candor

The meeting between presidents Luiz Inácio Lula da Silva and George W. Bush was ...

Brazil: One More Year for School Basics

Increasing the number of years of fundamental education in Brazil should make it easier ...

Brazil to Grow 3.1% This Year, Say Financial Analysts

Brazil’s Central Bank financial market analysts have maintained at 3.1% the estimated growth this ...

Brazilian Blind Get Program that Convert Into Sound Every Computer Text

Brazilian who are blind or suffer from other visual deficiencies will gain a new ...