Business | Economy
Brazil consolidates trade with the Arabs
Bilateral trade between Brazil and the Arab countries recorded the best January-to-June result in history.
- Staff Report
- Published: 12:35 July 16, 2008
Dubai: Bilateral trade between Brazil and the Arab countries recorded the best January-to-June result in history.
In the accumulated result for the first half of 2008, flow of goods between Brazil and the region totalled US$ 9.4 billion, representing growth of 60.1 per cent in comparison with the US$ 5.9 billion recorded in the first half of last year.
"Commercial exchange between Brazil and the Arab countries is intensifying, and this goes to show that there is a complementariness of products and a trend for increasing diversification of products in the basket," claims the President of the Arab Brazilian Chamber of Commerce, Antônio Sarkis Jr.
In the first half of this year, Brazil exported US$ 4.1 billion to the Arab countries, representing growth of 27.7 per cent in comparison with the US$ 3.2 billion recorded in the same period of 2007.
In turn, imports of Arab products by Brazil totalled US$ 5.3 billion, representing growth of 100 per cent as against the US$ 2.6 billion from January to June last year.
In the face of these results, relations between Brazil and the Arabs in the first half of 2008 attained the largest shares of Brazilian exports (4.6 per cent), imports (6.7 per cent) and bilateral trade (5.5 per cent) with the rest of the world, considering first halves, since 1997.
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