UAE tops Arab market for Brazilian exports

Brazilian exports to the UAE rose by 13 per cent in the first eight months of this year, compared to the period from January to August 2013, according to figures reported by the Arab-Brazilian News Agency, ANBA.

Citing figures issued by the Brazilian Ministry of Development, Industry and Foreign Trade and compiled by the Arab-Brazilian Chamber of Commerce, the agency said that Brazilian exports to the Emirates over the period were valued at to $1.767 billion (Dh6.5 billion), 20 per cent of Brazil's total exports to the Arab world of $8.51 billion (Dh 31.2 billion).

The UAE was followed by Saudi Arabia as a Brazilian export market, with 8-month figures of $1.684 billion, down 10% from the same period last year.

For the month of August alone, exports to the UAE were up 43 per cent from the August 2013 figure, to $294.21 million, slightly ahead of those to Saudi Arabia, at $293.96 million

For the January-August period,  Brazil’s imports from Arab countries amounted to a combined $7.5 billion, down 2.56% from the first eight months of 2013. The leading exporters to Brazil during the period were Saudi Arabia, Algeria, Morocco, Iraq and Kuwait, with the top imports being oil and oil products and fertilisers.

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