Over USD 500m worth of Brazilian beef exported to Arab region
The Arab Brazilian Chamber of Commerce (ABCC) said that Brazil exported USD 514m worth of beef during this year’s first seven months compared with the same period in 2017.
ABCC added that Brazil shipped 149,700 tons to the Arab states, a 15.8% growth from last year’s first seven months. This increase reflects the continuing robust trade relations between the South American country and the region.
Latest statistics also show that Egypt, the leading Arab market and third worldwide, bought USD 246m worth of Brazilian beef, up 19.58 per cent compared to last year’s first seven months. The country purchased 81,071 tons, a growth of 41.2% in the same time frame.
Michel Alaby, secretary general and CEO, ABCC, said: “For the remainder of the year, we are confident that we will witness stronger growth in Brazil’s beef exports as demand in the Arab region continues to take the upward trajectory trend. The ABCC will be active in exploring other effective and efficient mechanisms to boost their already vibrant trade ties and bolster growth of their respective business communities. As for our outlook for 2019, we remain upbeat that we will see the same ascent in demand for beef and other products from different Arab markets.”
Brazilian’s global beef exports from January to July 2018 totalled USD 2.8bn, up 8% over the same period last year. The country shipped 691,000 tons, up 10 % in the same time. The main markets were Hong Kong, China, Egypt, Chile, Iran, Uruguay and Saudi Arabia.