Dubai PR Network, Online Press Release from Dubai and Middle East
 
Trade & Commercial(Others)
Filter PR by
  
Brazil's trade relations with Arab World witness significant growth in 2017
 

UAE, January 30, 2018 -Brazil's trade relations with the Middle East, including Saudi Arabia, the UAE, Egypt, Algeria, Iraq, Oman, Bahrein and Kuwait, scaled new heights in 2017, recording a Year-on-Year growth of 18.43 per cent in exports from USD 11.5 billion in 2016 to 13.6 billion in 2017 and 23.37 per cent in imports from USD 5.2 billion in 2016 to 6.4 billion in 2017. The figures were released by the Arab-Brazilian Chamber of Commerce (ABCC).

Brazilian exports to Saudi Arabia accounted for USD 2.6 billion, up 6.9 per cent from 2016, while exports to the UAE amounted to USD 2.5 billion, up 12.2 per cent YoY. Oman, Bahrain and Kuwait received Brazilian goods worth USD 695 million, USD 339 million and USD 222 million respectively in 2017.

In 2017, exports from Saudi Arabia to Brazil amounted to USD 1.9 billion, up 44.72 per cent from 2016, while UAE exported goods worth USD 186 million. Exports from Oman, Bahrain and Kuwait to Brazil amounted to USD 138 million, USD 94 million and USD 135 million respectively. 

The most exported Brazilian items to Arab countries in 2017 were cane or beet sugar and chemically pure sucrose in solid form; meat and edible offal of both fresh and frozen poultry; iron ores and concentrates including roasted iron pyrites; maize; meat of bovine animals; artificial Corundum, aluminum oxide and aluminum hydroxide; and motor cars and other motor vehicles principally designed for passenger transport. 

The most imported items to Brazil from the Arab countries, on the other hand, include mineral fuels, mineral oils, bituminous substances and mineral waxes; fertilizers; plastic; salt and sulphur; earth and stone; plastering materials, lime and cement; organic chemicals; and fish, crustaceans and mollusks, and other aquatic invertebrates.

Rubens Hannun, President of the Arab-Brazilian Chamber of Commerce, said: “Brazil and the Arab World have always maintained great trade relations and the export-import figures for 2017 reflect uninterrupted growth. We expect the trend to continue into 2018 and beyond, riding high on the success brought in by the shared commitment by both parties to encourage more productive trade relations.”


Posted by : Dubai PR Network Editorial Team
Viewed 6991 times
PR Category : Others
Posted on : Tuesday, January 30, 2018  11:42:00 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.
Previous Story : Dabur Egypt's successful entry into six new markets plays si...
Next Story : Seven trade fairs to open in Hong Kong early next year
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
The Overnight Success Podcast Brought to You by Maria Hatzistefanis [57798-Views]
Glisten & Glow this Festive Season with Skin Republic Masks [55193-Views]
D1 Milano Launches Exlcusive Limited Edition Collection –The Khaleeji [52356-Views]
The Incredible Power of the Mushroom! [50685-Views]
Carl F. Bucherer Celebrates Its Anniversary With the Heritage Tourbillon Double Peripheral... [50197-Views]
GaGŕ Milano unveils six extra-special watches to celebrate Neymar's genius [50020-Views]
Beware of Cheap Beauty Deals: They May End Up Being More Costly [49666-Views]
8 Jours Grande Taille - a new avatar on iconic timepiece [49001-Views]
Get Ready for The Festive Season with The Body Shop's Enchanted by Nature Gift Collection [47385-Views]
Tissot Lady Heart Flower Powermatic 80 [47190-Views]
Sukin's Top Holiday Picks for a Supple-Skin Winter Season [46543-Views]
Switch your hair colour safely for the new season with Rahua's Color Full range [45268-Views]
Omega Raises Its Warranty On All Watches to 5 Years [45061-Views]
Everyday care for your baby's hair with Fifi & Friends! [44268-Views]
Bringing you warmth and shine this festive season [43402-Views]
Season's Greetings 2018 [29128-Views]
Twelve Holiday Gifts for the Beauty-Obsessed Woman [26193-Views]
The Smile Bar Opens Its First Store in the UAE [23491-Views]
Chloé Eyewear's Feminine Appeal Seen Through the Lens of the New “Rosie” Style [9016-Views]
#MKGO Bold: Michael Kors Unveils Bold New Arrivals [8668-Views]
Triumphant First Daman Dxb Swimfest at Jumeirah Beach Hotel [7784-Views]
Indulge Your Love for Animal Print with M&S [6905-Views]
Alina Anwar Couture Launches in UAE [6649-Views]
Must-have festive Christmas jumpers and tees for the whole family [6417-Views]
Author Dubai Abulhoul Calls for the Preservation of Emirati Folktales [6057-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories