Official data released by Arab-Brazilian Chamber of Commerce (ABCC) showed that Arab exports to Brazil hit USD3.4 billion between January and April 2012, 37 percent up from a year earlier, Arabian Business reported. The figures unveiled that Algeria was the top Arab partner for the largest economy in Latin America, with USD1.5 billion worth of trade, followed by Saudi Arabia with USD723 million and Kuwait USD378 million. The majority of the exports consisted of oil and oil products, fertilizers and plastics.
On the other hand, exports to the MENA region from Brazil rose 3 percent from the same period a year earlier to USD4.2 billion.
Saudi Arabia was on the top of Arab importers with USD953 million worth of trade, followed by the UAE with USD812 million and Egypt with USD595 million. The majority of imports were sugar, meats, ores, cereals and vegetable oils.
The figures show that the Arab Spring unrest that spread across the region failed to have any impact on trade between the two regions, ABCC said.
Arabian Business
1 June
