Economics

Brazil’s exports to Egypt hit $791.5M in 1st half of 2019

CAIRO – 16 September 2019: The volume of Brazil’s exports to Egypt during the first half of 2019 hit 2.76 million tons, amounting to $791.53 million, according to President of the Arab-Brazilian Chamber Robert Hanoun.
Hanoun added on Sept. 15 that Egyptian exports to Brazil amounted to 542,068 tons of goods with a total value of $135.98 million, and that the total trade exchange hit about $927.5 million.
This came during the Egyptian-Brazilian Business Forum that was attended by Brazilian Minister of Agriculture, Livestock, and Supply Tereza Cristina, and was held with the participation of 25 Brazilian companies operating in the meat, poultry, animal wealth and agricultural crops sectors.
Hanoun pointed to the high rates of import and export in Brazil during the first half of 2019, where the volume of Brazilian trade exchange with Arab countries reached $2.390 million during this period. He also noted that Brazil's total exports to Arab countries rose by 15.1 percent during the first six months of 2019 to reach $6 billion.
For his part, President of the General Federation of Chambers of Commerce and President of the Cairo Chamber of Commerce Ibrahim al-Arabi revealed that Brazil and Egypt cooperate in several areas, including the cement, transport and logistics sectors in Egypt, pointing to Egypt's investment in the agricultural sector in Brazil.
Arabi said during his meeting with the Brazilian companies that more than 11 percent of the imported products come from Brazil, as 60 percent of the inputs and products is imported from Brazil at $1 billion.
He pointed out that there are promising investment opportunities in various other sectors to increase cooperation between both countries not only in the commercial field, but in economic and industrial sectors.



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