Brazilian exports to Arab world soars 9.35% in first 10 months of 2023

Osmar Chohfi

The Arab-Brazilian Chamber of Commerce (ABCC) reported a surge of 9.35 percent in Brazilian exports to the Arab world during the first 10 months of 2023, totalling US$15.767 billion as opposed to US$14.419 billion in the same period in 2022. On the other hand, Brazilian imports from the Arab region reached US$ 8.937 billion in the first 10 months of 2023.

The volume of Brazilian exports to the Kingdom of Saudi Arabia (KSA) amounted to US$2.654 billion, while those to the UAE totalled US$2.543 billion. Exports to Egypt increased to US$1.889 billion, marking a significant rise from the same period last year. Similarly, exports to Qatar stood at US$266 million while those to Kuwait reached US$220 million.

Furthermore, Saudi Arabia leads the Brazilian imports from the Arab countries, totalled US$2.937 billion while the UAE follows closely behind with US$998 million. Qatar’s exports to Brazil stood at US$605 million, while the imports from Egypt reached US$439 million. Imports from Kuwait also witnessed a significant surge, amounting to US$323 million.

Osmar Chohfi, President of ABCC, stated, “Compared to the first 10 months of 2022, the Brazilian exports and imports have surged significantly during the same period this year, which demonstrates the strong and expanding trade relations between Brazil and the Arab world. At ABCC, we relentlessly strive to amplify Brazilian exports to the Arab region by implementing several strategic initiatives and making dedicated efforts. These positive trade figures demonstrate our dedication to developing solid bilateral relations with Arab nations.”

The ABCC report further stated that the export of beef and chicken meat from Brazil to Arab countries demonstrated robust performance from January to October 2023. The beef exports from Brazil to the Arab world stood at US$866.68 million with UAE leading the list at US$243.69 million. In addition, Egypt, Saudi Arabia, Libya and Lebanon showcased a stronger demand for Brazilian beef, contributing US$216.25 million, US$174.74 million, US$59.52 million and US$46.41 million, respectively.

Furthermore, exports of poultry also witnessed a major increase, totalling an impressive US$2.755 billion. With US$742.93 million, the UAE emerged as the top importer, followed by the KSA, which amounted to US$699.78 million. Kuwait Qatar, and Egypt also recorded a significant increase in the exports of poultry from Brazil, which was valued at US$180.49 million, US$133.84 million, and US$112.48 million, respectively.

The notable increase in the exports and imports between Brazil and the Arab world indicates the growing economic alliance and emphasises the remarkable resilience and adaptability of both sides in the face of numerous global challenges.