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Reading: Brazil imports from Arab region reach $7.6bn in 2018
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Dailynewsegypt > Blog > Business > Trade > Brazil imports from Arab region reach $7.6bn in 2018
Trade

Brazil imports from Arab region reach $7.6bn in 2018

Hagar Omran
Last updated: 2019/01/20 at 8:46 PM
By Hagar Omran 2 Min Read
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The Arab-Brazilian Chamber of Commerce (ABCC) revealed on Sunday that Brazil imported $7.6bn worth of goods from the Arab region in 2018, compared to $6.4bn in 2017, recording a year-over-year (y-o-y) growth of 18%. It brought the total Brazilian imports from the Arab states to 17.6bn kg in terms of volume.

Brazil’s imports from the UAE climbed to $561m from last year’s $186m, recording a staggering 200% y-o-y growth. Saudi exports to Brazil reached $2.3 bn, up 23% from 2017.

Egypt, Kuwait, Oman, and Bahrain exported goods worth $269m, $212m, $124m, and $116m respectively to Brazil in 2018. In terms of volume, these four Arab countries’ exports to Brazil recorded 1.14bn kg, 622m kg, 391m kg, and 280m kg respectively.

The most exported goods to Brazil from the Arab countries included mineral fuels; mineral oils; bituminous substances; mineral waxes; fertilisers; plastic; salt; sulphur; earth and stone; plastering materials; lime and cement; organic chemicals; fish, crustaceans, molluscs, and other aquatic invertebrates; preparations of vegetables; fruits; nuts or other parts of plants; glass, and glassware.

“The figures for 2018 once again reflect the success of the ABCC’s efforts to bolster the existing trade ties between Brazil and the Arab countries. Thanks to the shared commitment by both parties, products from Arab countries continue to find newer markets in Brazil, and we expect these figures to rise further in 2019,” mentioned the President of the ABCC, Rubens Hannun.

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Popular video-sharing app TikTok was granted by the U.S. government a 15-day extension to reach a deal with U.S. buyers, a federal court filing showed Friday. This means the deadline for ByteDance, TikTok's Chinese parent company, to reach a deal with Oracle and Walmart has been extended from Nov. 12 to Nov. 27, according to the U.S. District Court for the District of Columbia.
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IFC to invest in Mediterrania Capital Partners’ fund to support African mid-cap businesses
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Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023
Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023
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