UAE- Brazil's Q1 2021 exports to Arab world soar $2.91b
(MENAFN - Khaleej Times) Brazil's exports to the Arab region soared 22.5 per cent in volume during the first quarter of 2021 to reach $2.91 billion, up 18.2 per cent from a year ago, amid a steady recovery in global trade, figures released by the Arab-Brazilian Chamber of Commerce (ABCC) showed.
Saudi Arabia was the biggest importer of Brazilian goods during the period, with the export volume going to the Kingdom amounted to $526.16 million. Bahrain came in second at $406.36 million, followed by Egypt at $379.26 million and the UAE at $352.2 million.
Iron ore, food products such as sugar, poultry, beef and cereals topped Brazilian foreign sales to the Arab world in the first quarter. Sales of soy and maize posted record-high increases at 147.98 per cent and 132.67 per cent, respectively.
Exports from the Arab world to Brazil, on the other hand, stood at $1.31 billion in the first quarter of the year, or 11.24 per cent higher from a year ago.
Osmar Chohfi, president of the Arab Brazilian Chamber of Commerce, said: