São Paulo – Imports of goods from Arab countries to Brazil reached USD 6.5 billion last year, up 23.4% from 2016. Although imports outgrew exports, Brazil saw a record-high USD 7.1 billion surplus in trade with Arab countries. As a whole, exports from Brazil to the Middle East and North Africa were driven by agribusiness products. Brazil’s trade with Arab countries – exports and imports included – was up 20% in 2017 from 2016 to over USD 20 billion. The Arab Chamber also expects imports to go up in 2018, especially for fertilizers, fuel and plastic.

Source: The North Africa Journal January 16, 2018 19:41 UTC