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Brazil’s trade flow with Arab countries reaches $2.56 billion
Rubens Hannun, president, Arab Brazilian Chamber of Commerce. Supplied photo
Brazil’s trade performance in the first two months this year showed the strength of trade relations between Brazil and the Arab region.
Brazil’s trade balance with Arab countries recorded an increase of 12.5 per cent in January and February 2021 compared to its performance from the same months a year ago, posting a total value of $2.56 billion. The latest figures were released by the Arab-Brazilian Chamber of Commerce (ABCC), which highlighted that the surplus results maintained a positive performance.
In the first two months this year, the Brazilian exports to Arab countries reached $1.78 billion, up by 12.69 per cent from 2020.