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The Arab world exported US$83.72mn worth of metals to Brazil in 2012, representing a 138 per cent increase on the same period in 2011, according to figures released by the Arab-Brazilian Chamber of Commerce
Brazilian metal exports to Arab countries, on the other hand, reached US$133.9mn with the UAE emerging as Brazil's top export destination with US$43.19mn worth of metal imports.
The Arab-Brazilian Chamber of Commerce further revealed that the top three Arab exporters in 2012 were Saudi Arabia (US$37.34mn), Bahrain (US$30.61mn) and the UAE (US$4.73mn).
"The trade of metals has been one of the key highlights of Brazil's socio-economic relations with the Arab world. The steady volume of Brazilian metal exports to various Arab countries underlines the aggressive pace of development across the region and Brazil is certainly pleased to supply premium-quality products that support the energetic transformation of the Arab world," said Michel Alaby, general secretary and CEO of Arab-Brazilian Chamber of Commerce.
"Moreover, the phenomenal increase in Arab metal exports to Brazil likewise reinforces the strong trade relations between the two regions and will certainly help unlock more opportunities to boost trade activities and promote mutual growth and development."
The Arab-Brazilian Chamber of Commerce was established more than 60 years ago to consolidate and expand partnerships, generate opportunities to bring Arabs and Brazilians closer, playing an active role in boosting economic, cultural and tourism activities, and facilitating the flow of information between them.