Brazil’s exports to the Arab countries reached $1.194 billion for January 2019, according to the Arab Brazilian Chamber of Commerce (ABCC).

The bulk of the exported 4, 270.70 tonnes of total goods going to the Omani market at 1,578.87 tonnes, 76 per cent of the Brazilian exports to Oman were iron ores, said a statement from ABCC.

The latest figures released by ABCC showed that the Brazilian exports to the Middle East, including UAE, Saudi Arabia, Egypt, Bahrain, and Oman continued their ascent at the start of 2019 amid robust bilateral relations among these nations, it said.

The UAE imported goods from Brazil worth $344.53 million at 273.08 tonnes for the first month of the year, while the imports of neighbouring Saudi Arabia, Bahrain, and Oman reached $157.20 million (305.80 tonnes); $14.22 million (169.04 tonnes); and $91.78 million (1,578.87 tonnes), respectively.

The value of goods exported to Egypt amounted to $146.61 million (510.61 tonnes) during the same period.   

Some of the top exported goods last month were meat; corn; beet sugar; iron ores and concentrates; aircrafts; satellites; live bovine animals; bovine meat; coffee; petroleum oils; soya-bean oil; soda or sulphate; plastering materials, lime and cement; organic chemicals and fish, it stated.

Rubens Hannun, president of ABCC, said: “The latest numbers were a strong indication of the increasing trade ties between Brazil and the Arab countries.”

“We will continue to help facilitate the exchange of goods between these markets in hopes of strengthening further their trade relations, while looking for other areas and fields where their cooperation can further be expanded and reinforced,” he said.

“We are upbeat that the same upward trend will be recorded in the coming months and years as Brazil and Arab nations remain committed to increasing their trade alliance with each other,” he added. – TradeArabia News Service