DubaiPRNetwork.com is an Online Press Release from Dubai and Middle East

Trade & Commercial

Filter PR by
  

February 19, 2020- Brazil posted a positive trade balance with Arab markets, the third largest destination of Brazilian exports, in January 2020. The latest figures released by the Arab-Brazilian Chamber of Commerce (ABCC) showed that trade balance reached USD 624.15 million, reflecting a growth of 51.82 per cent during the period as compared to the previous year.  

Saudi Arabia, Egypt, and the UAE remained the top importers of Brazilian goods during the first month of the year. Brazil’s trade balance with Saudi Arabia amounted to USD 131.32 million, which represented 208.59 thousand tons of goods. The country’s trade balance with Egypt and the UAE were USD 111.16 million (471.85 thousand tons) and USD 92.26 million (40.33 thousand tons), respectively.

Rubens Hannun, President of Arab Brazilian Chamber of Commerce, said: “The numbers proved once again the growing trade ties and unwavering confidence between the Arab region and Brazil. This trust was also clearly evident at a time when the Arab countries supported the demand and maintained their loyalty to their Brazilian partners.”

“We are eager to see both parties collaborating closely in the coming months to further strengthen and build more productive and mutually beneficial trade relations according to their respective growth agendas. The year 2020 started good and we expect the trend to further gain momentum,” Hannun added. 

Sugar, chicken meat, iron and coffee were the top exported products to the Arab countries during the first month of 2020. A separate report issued by the Brazilian Coffee Exporters Council (Cecafé) showed that the volume of Brazilian coffee exported to the Arab states in January this year reached 121,700 60-kg bags, up 29.1 per cent from a year ago. The same report also stated that the revenue surged 20.17 per cent year-on-year to reach USD 13.7 million. Cecafé specifically cited the UAE’s imports of Brazilian coffee. The growth rate per year from 2013 to 2019 was at 6.2 per cent, with the Arab country buying 139,866 60-kg bags of Brazilian coffee in 2019 alone.

In 2019, the Arab world was announced to be the third largest destination of Brazilian exports after China and the United States. It was the fifth largest international buyer of Brazil goods, with imports reaching USD 11.4 billion in 2018. The region’s imports of Brazilian goods reached USD 12.1 billion in 2019, climbing by 6.3 per cent from a year before.


 
Posted by : DubaiPRNetwork.com Editorial Team
Viewed 26232 times
PR Category : Others
Posted on : Thursday, February 20, 2020  8:10:00 AM UAE local time (GMT+4).
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com. Check our Privicy Policy.
Previous Story : VFS Global Goes Plastic Bottle-free Starting From Visa Appli...
Next Story : Abu Dhabi Securities Exchange Finalists for Smart City Middl...
Email this article Print this article
Most Viewed Press Release posted in the last 7 days
IATA Comments on Misguided Solidarity Levy Proposal [40049-Views]
Tadej Pogačar sprints to second in thrilling stage 2 at the Tour de France [34149-Views]
Why Catrice's Blushin' Charm is the One Thing You Need as Your Travel Essential [27359-Views]
Emirates A350 debuts in Dammam [24485-Views]
Big Wins Continue with PrivilegePLUS at Mercato & Town Centre Jumeirah! [24083-Views]
Tadej Pogačar claims UAE Team Emirates-XRG's 60th win of season at Tour de France [13194-Views]
UAE Circular Economy Council discusses policies to accelerate shift to circular models and... [12825-Views]
Al Masaood Automobiles Offers Exclusive First Look at 2026 Nissan Patrol NISMO Following W... [12591-Views]
Christophe Robin's Summer Travel Essentials for Good Hair Days [12009-Views]
UAE Participates in BRICS Finance Ministers and Central Bank Governors Meeting under Brazi... [11295-Views]
Hourglass cosmetics redefines the art of self-expression with the launch of an innovative ... [10754-Views]
Casio to Release MR-G Inspired by the World's Largest Frog [10545-Views]
Superman Dives Into Dubai Mall [10418-Views]
Fred shines with new high jewelry creations: 1936 & soleil d'or sunrise [9057-Views]
Malls Across Dubai Come Alive This DSS With Non-Stop Entertainment, Unbeatable Prizes, and... [8770-Views]
Vacheron constantin presents métiers d'art tribute to the celestial the quest for excelle... [8471-Views]
MBRF and UNDP to organise 10th edition of Knowledge Summit [8360-Views]
The World Between Lines and Symbols: An Interactive Art Workshop at Mohammed Bin Rashid Li... [8286-Views]
Taiwan Excellence Launches Innovative "Go Healthy with Taiwan" Campaign in the G... [7458-Views]
dnata Catering & Retail forms strategic partnership in Indonesia [6642-Views]
Dubai Culture Wins 'Best AI Governance Framework 2025' at GovTech Innovation Awards [6318-Views]
G42 and UAE Team Emirates–XRG launch first global GEN AI-designed helmet and competition [6129-Views]
Emirates Post collaborates with Dream Dubai to launch AED100,000 prize campaign to celebra... [6125-Views]
Uae Pavilion Celebrates Two Million Visitors With A Celebration Of Hope And Shared Dreams [6060-Views]
ROSHN Group Participates at INNOPROM 2025, Russia's Largest Industrial Trade Fair, to Prom... [5945-Views]
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
Back to Section Home

Related Stories

 
Top Sections
 
Top Stories