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Middle East provides Brazil with the largest trade balance among the country’s trading partners

At a time when Brazil is seeing a considerable reduction in foreign trade surpluses with the main trade blocs and groups of nations, between January and August the Middle East countries provided the largest balance achieved with their partners from all over the world. the world.

In the period, Brazilian exports to the Arab countries totaled US $ 7.626 billion (up 21.09%) and imports reached US $ 3.376 billion (up 4.61%). As a result, Brazil’s trade flow with the bloc of Arab countries generated a US $ 4.251 billion surplus.

According to data from the Foreign Trade Secretariat (Secex) of the Ministry of Economy, maintaining this trend, Brazil should repeat this year’s performance similar to that of 2018, when the country accumulated a balance of US $ 5.181 billion in trade with Arab countries.

In the period, Brazilian exports to the Middle East totaled US $ 9.769 billion (down 16.3% compared to 2017), while imports totaled US $ 5.181 billion (up 30.77%).

In the first eight months of this year, there were significant increases in Brazilian sales to the Arab countries in all categories by value added. Regarding basic products, the increase went from 25.9% to US $ 5.5 billion, which made primary goods account for 72.1% of the country’s global exports.

In this context, semi-manufactured products had a more modest share (12.7%) in total product shipments to the Arab countries, with revenues of US $ 966 million (up 16.7% compared to the same period of 2018). . Finally, manufactured products continued to occupy an insignificant position in exports to the Arab countries, with a total of US $ 1.16 billion, corresponding to 15.2% of the total shipped to this group of countries.

Arab countries are today among the main markets for various products exported by Brazil, especially those related to agribusiness. Among them, chicken meat, with exports worth US $ 1.53 billion (up 16.4% and 20% stake). Equally relevant data were recorded in US $ 949 million in grain corn exports (up 24.3% and 12% stake), sugar, with shipments of US $ 705 million (up 7% and 9.2% share of total sales to the Arab countries) and beef, which generated revenues of US $ 685 million (24.8% increase and 9.0% share).

Source: Comex do Brasil



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