The Arab Brazilian Chamber of Commerce (ABCC) reported an exponential increase of 25.71 per cent in Brazilian exports to the Arab countries during the first ten months of 2022, totaling USD 14.47 billion. The exports grew from USD 11.51 billion in 2021 to USD 14.47 billion from January to October this year.
Brazilian exports to the UAE increased by 46.53 percent from USD 1.76 billion in the first ten months of 2021 to USD 2.577 billion in 2022. Exports to Saudi Arabia, on the other hand witnessed a growth of 39.13 per cent from USD 1.713 billion in 2021, to USD 2.384 billion in 2022.
Qatar experienced a similar increase of 41.63 per cent to USD 339.05 million between January and October of 2022, as compared to USD 239.39 million in 2021. On the other hand, Kuwait experienced a growth of 69.37 per cent from USD 155.58 million in 2021 to USD 263.5 million in 2022, while Egypt saw a surge of 72.13 per cent from USD 1.320 billion to USD 2.273 billion.
Osmar Chohfi, President of ABCC said: “The trade balance between Brazil and Arab countries remains positive during the first ten months of 2022, which reflects the robust, as well as growing trade relations between the countries. In the coming months, we anticipate a further increase in regional demand for Brazilian products owing to many factors, including a boost in tourism. Brazil’s robust export growth highlights the Arab countries’ resilience and capacity to rebound and prosper, even in time of challenging global market conditions. The ABCC further strives to encourage commerce and explore new avenues in the economic relations between the two countries. In this regard, Brazil has always been and will continue to be a reliable partner for the Arab world.”
There has also been a significant increase in the total exports of beef from Brazil to the Arab countries between January and October 2022, registering a growth of 34.09 per cent to USD 936.9 million, as compared to USD 698.7 million in 2021. The UAE recorded an increase of 40.86 per cent from USD 166.99 million to USD 235.22 million in 2022, while Saudi Arabia reported a growth of 6.54 per cent to USD 165.14 million as compared to USD 155.01 million.
On the other hand, while Qatar witnessed a surge of 91.27 per cent from USD 16.44 million to USD 31.45 million, Egypt recorded a growth of 70.28 per cent to USD 340.32 million, as compared to USD 199.86 million reported during the same time frame last year.
Similarly, the Arab countries also saw an increase of 33.02 per cent between January and October 2022 in chicken meat exports by Brazil, from USD 2.004 billion in 2021 to USD 2.666 billion in 2022. The UAE saw a surge of 49.48 per cent from USD 537.46 million in the first ten months of 2021, to USD 803.41 million in 2022.
Meanwhile, Saudi Arabia witnessed an increase of 25.96 per cent to USD 719.46 million between January and October of 2022, as compared to USD 571.19 million last year, while Egypt reported a growth of 36.42 per cent from USD 44.11million in 2021 to USD 60.17 million. Qatar also witnessed an increase in the exports of chicken meats from Brazil, registering a growth of 66.71 per cent from USD 106.76 million in 2021 to USD 177.99 million in 2022.