Spacecraft and aircraft imports surge biggest at almost 7,231 per cent

UAE, February 18, 2015 - Exports from Brazil to Arab countries grew significantly in 2014, demonstrating robust bilateral trade relations. According to the most recent figures released by the Arab-Brazilian Chamber of Commerce, the total value of products imported to the Arab World from the South American country touched USD 13.40 billion last year. 'Aircraft and spacecraft' emerged as the highlight of the imported products from Brazil to the region with a dramatic increase of 7,231 per cent from USD 3 million in 2013 to USD 227 million in 2014.

The UAE registered a surge of 9.96 per cent in imports of products from Brazil to reach USD 2.84 billion in 2014 from USD 2.58 billion in 2013, followed by the Kingdom of Saudi Arabia (KSA) at USD 2.54 billion. Qatar recorded a gain of 10.59 per cent from 2013's USD 334 million to USD 369 billion, while imports to Egypt soared USD 2.31 billion over the previous year's USD 2.2 billion.

Michel Alaby, Secretary General and CEO of Arab-Brazilian Chamber of Commerce, said: "The significant growth in exports from Brazil to the Arab Nations is a sign of thriving business relations between the two regions. While Brazil has traditionally exported products such as chemicals, food products, machinery, and iron and steel products to the Arab countries, 2014 witnessed a remarkably high demand for aircraft and spacecraft. The Arab-Brazilian Chamber of Commerce has been a key player in fostering bilateral relations between Arab and Brazilian traders by facilitating lucrative opportunities for both parties. We are upbeat that 2015 will sustain this robust business climate with trade values reaching greater heights."

The products imported by Arab countries from Brazil primarily comprised aircrafts and spacecrafts, inorganic chemicals and rare earths, vehicles, iron and steel products, food products, and machinery. While imports of inorganic chemicals and rare earths increased 188 per cent from USD 146 million in 2013 to USD 421 million in 2014, vehicle export grew 183 per cent from USD 90 million to USD 256 million. Similarly, iron and steel products earned USD 207 million, followed by food products such as grains, seed and fruits at USD 412 million, and machinery at USD 278 million.

The Arab-Brazilian Chamber of Commerce was established to consolidate and expand partnerships, generate opportunities, and bring Arab and Brazilian companies together. It has been in operation for more than 60 years, playing an active role in boosting economic, cultural and tourism activities and facilitating the flow of information between Arabs and Brazilians. 

-Ends-    

For further information, please contact:
Orient Planet PR & Marketing Communications
P.O.Box: 500266
Dubai, United Arab Emirates
Tel:  00971 4 456 2888
Fax: 00971 4 454 9528
Email: media@orientplanet.com
Website: www.orientplanet.com

© Press Release 2015