Page 10 - ABCC PR REPORT - NOVEMBER 2023

Press Release

Brazilian exports to Arab world soars 9.35 % to reach

USD 15.767 billion in 10 months of 2023

23 November 2023- The Arab-Brazilian Chamber of Commerce (ABCC) reported an
impressive surge of 9.35 per cent in Brazilian exports to the Arab world during the first 10
months of 2023, totalling USD 15.767 billion as opposed to USD 14.419 billion in the same
period in 2022. On the other hand, Brazilian imports from the Arab region reached USD 8.937
billion in the first 10 months of 2023.

The volume of Brazilian exports to the Kingdom of Saudi Arabia (KSA) amounted to USD
2.654 billion, while those to the UAE totalled USD 2.543 billion. Exports to Egypt increased
to USD 1.889 billion, marking a significant rise from the same period last year. Similarly,
exports to Qatar stood at USD 266 million while those to Kuwait reached USD 220 million.

Furthermore, Saudi Arabia leads the Brazilian imports from the Arab countries, totalled USD
2.937 billion while the UAE follows closely behind with USD 998 million. Qatar’s exports to
Brazil stood at USD 605 million, while the imports from Egypt reached USD 439 million.
Imports from Kuwait also witnessed a significant surge, amounting to USD 323 million.

Osmar Chohfi, President of ABCC stated: “Compared to the first 10 months of 2022, the
Brazilian exports and imports have surged significantly during the same period this year, which
demonstrates the strong and expanding trade relations between Brazil and the Arab world. At
ABCC, we relentlessly strive to amplify Brazilian exports to the Arab region by implementing
several strategic initiatives and making dedicated efforts. These positive trade figures
demonstrate our dedication to developing solid bilateral relations with Arab nations.”

The ABCC report further stated that the export of beef and chicken meat from Brazil to Arab
countries demonstrated robust performance from January to October 2023. The beef exports
from Brazil to the Arab world stood at USD 866.68 million with UAE leading the list at USD
243.69 million. In addition, Egypt, Saudi Arabia, Libya and Lebanon showcased a stronger
demand for Brazilian beef, contributing USD 216.25 million, USD 174.74 million, USD 59.52
million and USD 46.41 million, respectively.

Furthermore, exports of poultry also witnessed a major increase, totalling an impressive USD
2.755 billion. With USD 742.93 million, the UAE emerged as the top importer, followed by
the KSA, which amounted to USD 699.78 million. Kuwait Qatar, and Egypt also recorded a
significant increase in the exports of poultry from Brazil, which was valued at USD 180.49
million, USD 133.84 million, and USD 112.48 million, respectively.