• Categories
  • Archives

Brazil Trade with Arabs Grows 43% to US$ 4 Billion

Saudi Arabia According to Brazilian Ministry of Development, Industry and Foreign Trade figures compiled by the Arab-Brazilian Chamber of Commerce, bilateral trade between Brazil and the Arab countries, the total of exports and imports, reached almost US$ 4 billion in the first quarter, an increase of 43.5% in comparison with the same period of 2007.

The value is the result of exports of US$ 1.765 billion and imports of US$ 2.169 billion, with respective growth of 17.07% and 75.76% in comparison with the first three months of last year. The trade balance surplus for the Arab world was US$ 404 million, against a US$ 273.5 million positive result for Brazil in the same period in 2007.

"Bilateral trade reaching almost US$ 4 billion in just three months shows the maturity of bilateral relations," stated the president at the Arab Brazilian Chamber, Antonio Sarkis Jr. "And there is equilibrium, at the moment there is a surplus for one side and then there is a surplus for the other," he added.

The countries of the Gulf were greatly responsible for the expansion of Brazilian exports. Saudi Arabia, Bahrain, Qatar, Iraq, the United Arab Emirates, Yemen, Kuwait and Oman purchased US$ 1.034 billion, 47.7% less than in the first three months of last year.

Sarkis pointed out that the countries of the Gulf, especially the large producers of oil, are living a moment of great liquidity due to the appreciation of oil. Except for Iraq, they all significantly expanded imports from Brazil.

Saudi Arabia, the main market in the Arab world, purchased the equivalent to US$ 476.3 million in the first quarter, an increase of 65.4%, sales to Bahrain grew 202.7% and reached US$ 48.4 million, to Qatar the total shipped was US$ 61.1 million, 55.4% more.

The Emirates imported US$ 252.2 million in products, expansion of 20%, exports to Yemen generated US$ 55.7 million, an increase of 45.4%, sales to Kuwait totaled US$ 87.4 million, growth of 93% and Oman purchased the equivalent to US$ 29.8 million, 13.7% more.

Among the main destinations for Brazilian products in the Arab world, however, after Saudi Arabia and the Emirates, come Egypt, with purchases of US$ 208.1 million, Algeria, which imported the equivalent to US$ 126.5 million and Morocco, to where exports generated US$ 112.1 million in the first three months of the year.

The countries of the Gulf were also responsible for the largest part of growth of exports to Brazil. They supplied the equivalent to US$ 994.3 million in the first quarter, an increase of 117% in comparison with the same period in 2007, led by Saudi Arabia (US$ 707 million) and the Emirates (US$ 113 million).

There has also been expressive growth in imports from the countries of North Africa (51%) and of the Levant (60%). Algeria came in second place among the main Arab suppliers to Brazil, with sales of US$ 555.3 million, followed by Libya (US$ 358 million), Morocco (US$ 213 million) and Iraq (US$ 150 million).

High growth rates of exports from countries like Morocco (305.4%) and Tunisia (145%) show that, apart from oil and derivatives, Brazil is importing a much larger volume of fertilizers from the Arab world, as these countries are great producers of phosphates and other inputs.

Anba – www.anba.com.br

Tags:

  • Show Comments (2)

  • João da Silva

    Forrest
    You been pretty quiet recently. Say something interesting!

  • KENDRA LEE

    HAJA GRANA
    dindin Àƒ© mÀƒ³ bÀƒ£o 😉

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

Investors Cash in Profits Taking the Brazilian Market Down

Latin American stocks were mixed to lower, this Friday, January 27, with Brazilian and ...

New US Ambassador in Brazil Tells Chávez Dialogue Is the Best Strategy

Thomas Shannon, the new United States ambassador to Brazil, presented his credentials to Brazilian ...

In Brazil, Talk Is Cheap and Cigarettes Too

World leader in anti-smoking campaigns, Brazil has not managed to prevent more and more ...

Real Income Gets Modest Boost in Brazil

In January, the real average income of workers in the six main metropolitan regions ...

Lula: ‘Brazil and US Discuss Their Differences Without Confrontation’

Your Excellency, George Bush, President of the United States of America, and Mrs. Laura ...

Brazil’s Industry Output Grows Meager 0.1% After 4 Months of Decline

Brazilian industrial output rose 0.1% in October, interrupting four consecutive months of decreases, reports ...

Brazil’s Middle East Trade Tour Leaves Brazilian Businessmen Happy

Brazilian company Tissot, a manufacturer of high-end furniture, should get an order from a ...

70% of Brazilian Infants Suffer from Anemia

Brazil’s Oswaldo Cruz Foundation (Fiocruz) initiated production of an orange-flavored syrup to combat and ...

Agrale, Brazil’s Answer to Heavy-Duty Vehicles

Agrale, a Brazilian maker of trucks, light chassis, motorcycles, tractors and engines has just ...

…And Deliver Us from the Cross in Brazil’s Public Places

When I had to perform the only mission that I’d rather never have to ...