Brazil has recently recorded large figures in its transactions with Arab countries, with exports reaching $14.42 billion (£11 billion), the highest since 2012.
Brazilian exports to Arab countries have grown by 26.1 per cent, making it the third-largest importer of Brazilian exports. It is also the fifth largest exporter to Brazil, according to the latest figures released by the Arab-Brazilian Chamber of Commerce.
The Brazilian–Arab trade balance has also recorded substantial growth over the past year – “enabling both sides to regain trade momentum and enhance mutual economic relations”.
Brazilian imports from the Arab world increased by 82.8 per cent, while the Brazilian–Arab trade had grown by 44.3 per cent.