Figures from the Arab-Brazilian Chamber of Commerce showed today, Thursday, that Brazil’s exports to Arab League member states totaled $ 14.4 billion last year, an increase of 26%. compared to 2020, at the highest rate since 2013 supported by strong iron ore and food sales.
The data claims that Brazil’s total agricultural exports increased 9.5% to $ 8.9 billion, as strong demand for soy and chicken helped offset the decline in sugar and beef sales in the countries. Arabs.
Soybean exports increased 97.5% to $ 638 million and chicken sales increased approximately 22% to $ 2.4 billion.
Sales of iron ore also increased 173% to $ 3.8 billion in 2021, making it the single most valuable commodity in trade with Arab League member states.
Although beef sales fell 5% to $ 920.6 million and sugar exports 4% to $ 2.75 billion last year, data confirmed that countries including the United Arab Emirates, Arabia Saudi, Bahrain and Egypt are among Brazil’s main trading partners.
The Chamber of Commerce added that Arab League countries also bought corn from Brazil worth $ 1.04 billion.
Read More About: Business News