Tridge summary
In 2022, the Arab region represented 23% of Brazil's sugar export market, with a 20% year-over-year increase to USD 11.2 billion and 27.4 million tonnes exported. Algeria was the second-largest importer of Brazilian sugar, followed by Morocco in fourth place. China remained the global leader in imports. The strong commercial relationship between Brazil and the Arab League countries, coupled with Brazil's infrastructure and tradition in sugar production, has contributed to its position as one of the world's largest sugar exporters, with expectations for the 2022/23 harvest to reach 32 million tonnes. The United States and China are the leading importers of various Brazilian agribusiness products, including maize, iron ore, poultry, soybeans, and beef, making the Arab countries the third largest group of importers, showing a trustworthy and consolidated relationship.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
São Paulo – The Arab market has a significant share among the destinations of sugar exported by Brazil. Last year, the region accounted for 23% of the country's total product exports. According to data from Brazil’s Foreign Trade Secretariat (SECEX), compiled by the Arab Brazilian Chamber of Commerce (ABCC), Brazil exported USD 11.2 billion in sugar in 2022, a 20% increase over 2021. The figure translates to 27.4 million tonnes. Algeria clinched second place as the leading importer of Brazilian sugar in 2022, with USD 778.6 million in purchases. Morocco ranked fourth with over USD 636 million. The United Arab Emirates, Saudi Arabia, and Egypt came eighth, ninth, and tenth, respectively. China was the leading importer of Brazilian sugar last year, with USD 1.6 billion in revenue. For the professor of Geopolitics at Escola Superior de Propaganda e Marketing (ESPM) college, Leonardo Trevisan, Algeria stood out in the world and among the Arab countries because, in addition to being a ...
Source: Anba
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