Brazilian exports to Arab countries have record high of 34%

Entity provides up to 15% growth in business.

Brazilian exports to Arab countries rose by 34% in 2010 compared to the previous year. According to figures released yesterday (1) Chamber of Commerce Arab Brazilian Brazilian shipments totaled $ 12.57 billion last fiscal year.

Of the total of $ 12.57 billion recorded for the Brazilian exports to Arab countries in 2010, four countries stand out as major destinations: Saudi Arabia, Egypt, UAE and Algeria. Saudi Arabia accounted for U.S. $ 3.09 billion of total exports in 2010, representing a growth of 59% over the same period in 2009. Followed by Egypt, which accounts for $ 1.97 billion and increase of 36% compared to 2009, the UAE ($ 1.85 billion and 4.7%) and Algeria (U.S. $ 838.75 million and an increase of 17%).

Brazilian imports from Arab countries also recorded impressive performance, closing the last fiscal year with $ 6.96 billion - up 33% over the previous year. Landings closed 2010 with $ 6.96 billion and recorded a 33% increase over 2009.

According to the Board, the momentum of trade between Brazil and Arab countries should continue this year. "We believe 2011 will have increased to between 12% to 15% in trade relations between Brazilians and Arabs, and we see enormous potential in various sectors of the economy," said its president, Salim Taufic Schahin. According to him, another point to emphasize is the fact that the result in the currencies in bilateral operations between Brazil and Arab countries is clearly favored Brazil, recorded a record surplus of $ 5.61 billion in 2010.

According to an analysis of the House, many opportunities can be exploited to diversify trade relations in various sectors of the economy. "Just as an example, imports per capita of fashion products in the Arab world are above the world average. Brazil has room to become a major supplier promoting their own concepts in clothing, footwear, cosmetics and jewelry, to markets like the United Arab Emirates , Saudi Arabia and Egypt, "said Schahin. The executive also noted the potential of the machinery sector as a promising - a segment whose products have high added value and are among the most requested by the Arabs.

In 2010, the sugars were in the lead among the main products exported to Arab countries, accounting for $ 3.86 billion and growing 50% over the previous year. Following are the meat ($ 3.23 billion, up 19%) and minerals (U.S. $ 2.20 billion and a growth of 137% compared to 2009). "Today, exports are concentrated in sugar and meat, but there are opportunities for cereals like corn and soybeans, for milk powder, and various processed foods," said the mayor, adding that the main destinations for these products are Saudi Arabia, UAE and Egypt.

In the list of the main products imported in 2010, mineral fuels are in the lead, accounting for $ 5.74 billion of total imports and a positive variation of 27.5% over the previous year. Following are much less involvement with the fertilizers - U.S. $ 654.53 million and increase of 83% - and the group that includes salt, sulfur, gypsum, lime and cement, recording U.S. $ 172.70 million and change positive of 67.5% over the previous year.

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