Greater potential for shipments to the United Arab Emirates

Published 2021년 4월 30일

Tridge summary

The Ministry of Finance in the UAE has identified a significant potential for expansion in Paraguay's export product portfolio to the Emirates, with potential revenues from products like frozen beef, corn, soybean oil, and semi-milled rice reaching millions of dollars. Despite the potential, current exports to the UAE contribute only a small fraction to Paraguay's total trade, with a notable decrease in exports to the Emirates in 2020 compared to 2019. Other products such as fresh beef, wheat, morcajo, turnip / rapeseed, frozen poultry meat, and frozen pork are also identified as having high demand in the UAE market.

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

Original content

The Ministry of Finance, through the report on the Economic and Commercial Profile of the United Arab Emirates, points out the high potential that our country has to expand export products and achieve the entry of other important products. Among the products, frozen beef stands out, which has an export potential of USD 10.5 million, of which Paraguay exports only USD 32,000 to date. Among agricultural products, corn is currently exported for a value of USD 178.6 thousand, but its expansion potential is USD 1.9 million. Other cases are that of soybean oil, whose potential is USD 1.8 million and semi-milled rice, which can expand to a value of USD 584.6 thousand. Likewise, there is the possibility that Paraguay could export new products to the UAE due to the high demand, but that at this time there are no shipments to the Emirati market. Products with potential income are: fresh beef (USD 8.3 million), wheat and morcajo (USD 942.9 thousand), turnip / rapeseed (USD 665.7 thousand), ...

Source: Productivacm