sexta-feira, 25 de agosto, 2017

Import of fertilizers and exports to Arab countries maintain advancement

Brazil's exports to the Arab countries totaled $ $1.1 billion in July, up 14.37 percent over the same month last year. From January to July, earned $ $7.16 billion shipments, an increase of 15.35% compared to the first seven months of 2017. The data are the Ministry of industry, Trade and services (MDIC) compiled by the Arab Brazilian Chamber of Commerce. In July alone the major highlight was Egypt, where exports have reached $ $295 million, an increase of 110 percent over the same month last year. The country was the first among Arab markets, ahead of Saudi Arabia and the United Arab Emirates, which traditionally listed in the first and second positions, respectively. The performance of the African country was influenced mainly by the advance sales of sugar, chicken and corn, and in lesser part by increased shipments of beef, iron ore, soybeans and beans. "Egypt is a way of resumption of imports," said the Mayor of Arabic, Rubens Hannun. The Egyptian Government has bought Brazil foods, especially meats, through the Ministry of defence. The products, however, are sold to the final consumer. "The trend is to keep these exports to the Defense Ministry," said the Director-General of the Organization, Michel Alaby. Other factors explain the growth of the Egyptian purchases too. By the end of last year, the country faced a severe shortage of foreign exchange by reducing the flow of foreign tourists, the poor performance of international trade with impact on the revenue of the Suez Canal, low flow of foreign direct investment and a controlled exchange rate that kept the Egyptian pound artificially valued against the dollar. After reaching an agreement with the International Monetary Fund (IMF) on a loan of $ $12 billion in November 2016 the Central Bank of Egypt adopted a floating exchange regime, the pound devalued and the country returned to attract foreign resources. Earlier this month, the Bank announced that international reserves exceeded $ $36 billion, surpassing the level preceding the Arab spring, in 2011, when a popular uprising put an end to the regime of President Hosni Mubarak. Namely, increased the availability of hard currency to pay for imports. Alaby added that another reason for the increase in exports, not only for Egypt, but to the Arab countries in General, is the proximity of the Hajj and Eid Al Adha, which this year will occur between late August and early September. The Hajj is a great annual pilgrimage of Muslims to Mecca, in Saudi Arabia, and the Eid Al Adha is the "feast of sacrifice", religious holiday in memory of Abraham, which was going to sacrifice your son to God, but proved the devotion of the Prophet, God provides a lamb to be sacrificed instead. The celebrations lead to increased demand for food. Other highlights were the 131.5% increase in exports to Iraq, which came to $ $86,650,000; for Oman, which advanced 35%, to $ $47,510,000; and for Tunisia, which grew 318% to $ $45 million. Accumulated year to date, the Saudi Arabia ranks as highest destination of Brazilian products, with $ $1.54 billion exported, an increase of 6.84% over the first seven months of 2016. The Emirates are in second place, with $ $1.27 billion, an increase of 15.6 percent on the same comparison. The Egypt is third, with imports of $ $947,620,000, a retreat of 6.51% for the period from January to July of last year. In other words, the strong July performance has not been enough to reverse the fall recorded in the first half. In terms of export growth, the main highlights in accumulated from January to July were Djibouti, with 317.5 percent advance, depending mainly sales of sugar, levelers and chicken; the Bahrain (81.8%), because iron ore, inorganic chemicals and soil; the Levellers Qatar (70.6%), due to vehicles, inorganic chemicals and defense material; the Iraq (60%), on account of the shipments of sugar, meat, chicken and beef, and live cattle; and Oman (54.5%), with influence of iron ore sales, chicken, flags and defense material. The sugar and the bovine meat and chicken were the main items exported by Brazil to the Arab world from January to July, with iron ore in third place. The increase in sales of vehicles is another highlight of this year. Second review of the market intelligence Department of Arab Chamber, the numbers show that the embargo imposed by other Arab countries to Qatar did not have business impact of Brazil with that country, and that exports of meat to the Middle East and North Africa grew back, after some reduction in the first half as a reflection of the weak flesh of the Federal Police Operation , which investigated suspicions of irregularities in refrigerators and the fiscal performance of the Ministry of agriculture. "The growth of 15% [exports from January to July] is inside than we anticipated," said Rubens Hannun. "The forecasts are holding," added Alaby. Imports on the other hand, Brazil imported the equivalent of US $ $3.88 billion of Arab countries in the first seven months of 2017, an increase of 19.2% on the same period last year. The increase in imports of products from Algeria, Saudi Arabia, Morocco and Egypt, among the main suppliers. In the case of Egypt, the registered growth was 200%, driven by fertilizer, fuel and pickled olives. "We import more, mainly Egypt, that's great, is the counterpart [the increase in Brazilian exports]," noted Hannun. In General, fertilizer imports from Arab countries increased by 52% from January to July this year compared to the same period in 2016. This was the factor that influenced the performance as a whole. This group of products, more oil, gas and derivatives, account for 90% of all Brazil purchase of the region.
ANBA - 23/08/2017 Noticia traduzida automaticamente
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