Exports from Brazil to Arab market up 18%

Published 2021년 5월 3일

Tridge summary

The Arab countries' progress in COVID-19 vaccinations has led to an 18.2% increase in exports from Brazil to the region in the first quarter of the year, reaching USD 2.91 billion, according to the Arab Brazilian Chamber of Commerce. This includes a 22.5% increase in volume, with key exports being food items and iron ore. The most significant growth was seen in soy and maize exports, increasing by 147.98% and 132.67% respectively. The demand for foodstuffs in the region is expected to stay high as tourism resumes with increasing vaccination rates in other countries. Bahrain, the second-largest recipient of Brazilian products in the Arab market in Q1, saw a 96% increase in imports from Brazil.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

São Paulo - The COVID-19 vaccination progress in the Arab countries have boosted exports from Brazil to the region in the first quarter of the year as per figures made public on Monday, 3, by the Arab Brazilian Chamber of Commerce. Sales from Brazil to the 22 countries comprising the Arab League fetched USD 2.91 billion year to date through March, up 18.2% from a year ago. The increase in volume was even higher: 22.5%. “Besides starting vaccination earlier [in late 2020], the Arabs in the Gulf established immunity passports for entering their countries as well as large-scale testing initiatives. These steps helped keeping the number of cases low and making the economic recovery possible. Now we see a rise in domestic demand, ”ABCC secretary-general Tamer Mansour was quoted as saying in a news release. Food items such as sugar, poultry, beef and cereals, as well as iron ore, were some of top exports from Brazil to the region in Q1. Shipments of soy and maize posted the largest ...

Source: Anba