Brazil increases beef sales to Arabs

august 11 2016

Brazilian beef exports to the Arab countries totaled USD 96.73 million in July, an increase of 13.77% over the same month of last year, according to data from the Ministry of Industry, Foreign Trade and Services (MDIC) compiled by the Arab Brazilian Chamber of Commerce.

The highlight is Saudi Arabia, which imported USD 10 million worth of beef and already is in second place among Arab markets and in the 10th position among global destinations for Brazilian exports of the product, according to data released this Wednesday (10) by the Association of Brazilian Beef Exporters (Abiec). The country resumed purchases of beef from Brazil only recently, after a three-year embargo.

Shipments to Lebanon, Algeria, Jordan, Libya and Qatar also went up.

In the case of Egypt, Brazil's largest market among Arabs and second in the world, exports increased 8% in volume in July over the same month in 2015 to 18,300 tons. Sales revenues, however, declined 3.21% in the same comparison at USD 57.8 million.

Overall, Brazil exported USD 423 million of beef in July, amounting to 109,400 tons, according to Abiec.

From January to July, beef exports to the Arab world totaled almost USD 660 million, climbing nearly 10% over the same period of last year.

Egypt purchased USD 399 million worth of beef, an increase of 8% over the seven first months of 2015. In the period, the Egyptian market placed third among the largest global destination for the Brazilian product, trailing Hong Kong and the European Union.

Saudi Arabia agains took 10th place among global destinations with imports of near USD 67 million. The Gulf country did not import beef from Brazil from January to July of last year.

Other Arab nations that increased purchases year-to-date were Qatar, Oman and Comoros Islands.

Overall, Brazil shipped 845,000 tons of beef in the first seven months of 2016, an increase of 10% over the same period of last year. Revenues totaled USD 3.3 billion, a decline of 1% in the same comparison, according to Abiec.

Brazil-Arab News Agency