'Minerals, Fuel, Oil etc' becomes the top most exported commodity

UAE, July 29, 2015 - According to the recent statistics released by Brazil's Ministry of Development, Industry and Foreign Trade and compiled by the Arab-Brazilian Chamber of Commerce, Arab Nations exported USD 3.377 billion worth of products to Brazil during first half of 2015. The growing volume of export reflects thriving trading relations between the South American country and Arab region with both parties keen to explore more business opportunities.

Exports from Qatar grew 87.96 per cent to reach USD 424.50 million in H1 2015 from USD 226 million for the same period of 2014. During H1 of 2015, the exports from the Kingdom of Saudi Arabia (KSA) to Brazil registered USD 776 million, followed by Kuwait at USD 243 million and the UAE at USD 239 million. Other Arab countries, including Egypt, Oman and Bahrain also contributed toward exports to Brazil at USD 54.36 million, USD 41.45 million, and USD 33.36 million, respectively.  

Dr. Michel Alaby, Secretary General and CEO, Arab-Brazilian Chamber of Commerce, said: "The flourishing exports from the Arab Nations to Brazil, which reached USD 3.377 billion during H1 of 2015, demonstrate increasing popularity of the regional products among Brazilian population. Arab region is a vital trading partner for Brazil, contributing significantly to address the growing national demand for commodities such as mineral fuel and oil, aluminium, and fertilizers, among others. In the near future, Brazil will be in need of more exports from the region to support its booming economy. Arab-Brazilian Chamber of Commerce continues to play a central role in enhancing business ties between Arab region and Brazil by facilitating more avenues for business leaders and traders to meet, explore and sign trading deals."

At USD 2.530 billion, 'Minerals, Fuel, Oil etc' is the most exported commodity from the Arab region to Brazil during H1 of 2015, followed by 'Fertilizers' at USD 445 million. However, Aluminium witnessed the maximum growth at 184 per cent to reach USD 50.38 million, succeeded by 'Salt, Sulphar, Earth, Stone' at 37 per cent to touch USD 60 million. Other top selling products from Arab countries to Brazil include Plastic, Inorganic Chemicals and Rare Earth, Electrical Machinery, and Fish and Seafood.  

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© Press Release 2015