The Arab-Brazilian Chamber of Commerce announced that Brazilian exports to the Arab world achieved the highest record revenues since 1989, amounting to $17.74 billion in 2022, while the value of Brazilian imports from Arab countries amounted to $15.03 billion.
The value of Brazilian exports to Saudi Arabia increased from $2.07 billion in 2021 to $2.92 billion in 2022, recording a growth of 41.26%. At the same time, the value of exports to the UAE increased from $2.32 billion in 2021 to $3.26 billion in 2022, achieving a growth of 40.1%. In addition, Brazilian exports to Egypt grew by 41.2%, reaching $2.84 billion in 2022 compared to $2.014 billion in 2021. The same applies to the State of Qatar, which grew by 45.33%, bringing the value of exports to $284.26 million. dollars in 2021 to $413.13 million in 2022, in addition to the State of Kuwait, which recorded a significant increase by 56.91%, bringing the value of exports to $303.9 million in 2022, as its value was $193.66 million in 2021.
According to the report issued by the Arab-Brazilian Chamber of Commerce, the majority of exports to the Arab world were of sugar cane or beets, and solid sugar, with a value of $3.44 billion in 2022, followed directly by meat and edible poultry waste, fresh and frozen, as the most exported goods with a value of 3.16. $1 billion, in addition to iron ore and its concentrates of iron pyrite with a value of $2.9 billion, corn with a value of $2.01 billion, soybeans with a value of $1.1 billion, and frozen beef with a value of $805.64 million.
Brazil’s imports from Arab countries witnessed a remarkable momentum in the past year, as the value of exports from the UAE to Brazil amounted to about $2.52 billion in 2022, compared to about $977.8 million in 2021, recording a growth of 157.57%. The proportion of Saudi exports to Brazil increased by 83.89%, from $2.88 billion in 2021 to $5.29 billion in 2022. Egypt recorded similar growth in 2022, as Egyptian exports to Brazil amounted to $640.11 million, compared to $541.97 million in 2021, achieving a growth of 18.11%.
Qatar and Kuwait
On the other hand, the State of Qatar’s exports to Brazil witnessed a growth of 53.11%, increasing from 789.27 million dollars in 2021 to 1.2 billion dollars in 2022. The same applies to exports from the State of Kuwait to Brazil, as it increased from 50.55 million dollars in 2021 to 331.38 million dollars. dollars in 2022, an increase of 555.54%.
Chamber of Commerce reports stated that the majority of goods imported from Arab countries to Brazil were crude oil and bituminous minerals ($3.78 billion), oils and petroleum oils obtained from bituminous minerals ($3.71 billion), and mineral and chemical nitrogen fertilizers ($2.58 billion). Mineral or chemical fertilizers such as nitrogen, phosphorus, and potassium ($2.13 billion), and mineral or chemical phosphate fertilizers ($814.7 million).