Tridge summary
The article highlights a notable surge in Brazil's exports to the Arab region in the first quarter of 2021, with revenue reaching US $2.91 billion, marking an 18.2% increase from the same period last year. This growth is underscored by a 22.5% rise in volume, led by significant increases in the export of soybeans and corn. The earlier vaccination efforts and the implementation of immunization passports by Gulf Arab nations have allowed for increased economic activity, contributing to the rise in demand for Brazilian products. The Arab Brazilian Chamber of Commerce anticipates continued growth in demand for Brazilian food products as the tourism sector recovers and vaccination rates improve globally. Additionally, there was a notable 96% increase in Brazilian exports to Bahrain in the first quarter.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The advance of vaccination against covid-19 in the Arab countries gave impetus to exports from Brazil to the region in the first quarter of the year, according to data released on Monday (03) by the Arab Brazilian Chamber of Commerce. Sales from Brazil to the 22 countries that are part of the Arab League totaled US $ 2.91 billion in revenue from January to March this year, which meant an increase of 18.2% in comparison with the first three months of last year. The growth in volume was even greater, at 22.5%. “In addition to having started vaccinations earlier [at the end of last year], the Gulf Arabs have instituted immunization passports for entry into their territories and extensive testing actions. These measures helped to contain the number of cases and make economic activity feasible. What we see at that moment is the growth in domestic demand, "explained the secretary general at the Arab Brazilian Chamber, Tamer Mansour, in material from the institution. Foods such as sugar, ...
Source: Opresenterural
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