March 29, 2024

Contact Us | Feedback

UAE tops Arab market for Brazilian exports

Facebook
Twitter
LinkedIn
Pinterest
Pocket
WhatsApp
UAE tops Arab market for Brazilian exports
UAE tops Arab market for Brazilian exports

 Brazilian exports to the U.A.E. rose by 13 per cent in the first eight months of this year, compared to the period from January to August 2013, according to figures reported by the Arab-Brazilian News Agency, ANBA.

Citing figures issued by the Brazilian Ministry of Development, Industry and Foreign Trade and compiled by the Arab-Brazilian Chamber of Commerce, the agency said that Brazilian exports to the Emirates over the period were valued at to US$ 1.767 billion, 20 per cent of Brazil’s total exports to the Arab world of US$ 8.51 billion. The U.A.E. was followed by Saudi Arabia as a Brazilian export market, with 8-month figures of US$ 1.684 billion, down 10% from the same period last year.

For the month of August alone, exports to the UAE were up 43 per cent from the August 2013 figure, to US$ 294.21 million, slightly ahead of those to Saudi Arabia, at US$ 293.96 million For the January-August period, Brazil’s imports from Arab countries amounted to a combined US$ 7.5 billion, down 2.56% from the first eight months of 2013. The leading exporters to Brazil during the period were Saudi Arabia, Algeria, Morocco, Iraq and Kuwait, with the top imports being oil and oil products and fertilisers.

Source : WAM News Agency for United Arab Emirates

Facebook
Twitter
LinkedIn
Pinterest
Pocket
WhatsApp

Never miss any important news. Subscribe to our newsletter.

Leave a Reply

Your email address will not be published.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

Never miss any important news. Subscribe to our newsletter.

Recent News