Brazil is Egypt's first trading partner in Latin American countries. Our country's relationship with Arab countries is prosperous despite the epidemic, and even an increase in trade volume for some markets has been observed.
The International Health Certificate (CSI) certified and approved in 2019, further warmed relations and exports of Brazilian milk and dairy products in Egypt. According to the Brazilian Federal Government's Ministry of Agriculture, Livestock and Supply, in 2020 exports totaled US$ 1.75 billion. Placing Egypt in a new position of prominence in the Ranking of the main destinations of Brazilian exports, occupying the 29th place.
The relationship between Brazil and Egypt
Ambassador Ashraf Mounir, Deputy Minister of Foreign Affairs for Latin American Affairs, said that Brazil is Egypt's first trading partner in the countries of the South American continent, and it is worth remembering that the ministry is cooperating with the Ministries of Civil Aviation and Finance and EgyptAir to open a direct flight between Egypt and Brazil, both for freight transport.
Isso contribuirá para o desenvolvimento de todas as relações comerciais entre os dois países. O bate-papo aconteceu durante um simpósio organizado pelo Agricultural Crops Export Council sobre como melhorar o acesso das safras agrícolas ao mercado brasileiro.
Ambos os países geralmente desfrutam de laços amigáveis e acordos mútuos em muitas questões globais importantes.
The list of products exported from Brazil to Egypt include: bovine products, grains, raw materials, iron, and inorganic chemicals.
The most important exports from Brazil to Egypt
The main exported products were meat, iron ore products and concentrates, including roasted iron pyrite, sugar cane, beet sugar, chemically pure sucrose and corn kernels for jet engines; gas turbine engines, pipes, iron - other than cast iron - or steel.
Therefore, the table with the ranking of the 05 main Brazilian commodities traded among the countries are:
- Corn with more than US$ 550 million -
- Beef with more than US$ 390 million
- Sugar with more than US$ 250 million
- Iron with more than US$ 169 million
- Poultry meat with more than US$ 74 million
The balance of trade shows a surplus, where there were more exports to Egypt than the reverse. However, everything indicates that it is completely possible to reach an equal trade balance between the two countries, working on the introduction of Egyptian products in Brazil.
Egypt ranked sixth in the list of Arab countries exporting to Brazil and the third largest destination for Brazilian products in the Arab world in 2020.
Customs reductions give the countries a great competitive advantage when exporting or importing raw materials and production requirements in large quantities, apart from giving the final product manufactured in the two countries discounts and a competitive advantage in reducing the cost and price of the final product.
The agreement between the countries encourages the opening of new horizons and opportunities for economic cooperation in order to increase the volume of foreign investment and commercial exchange, and to stimulate tourism and travel, especially with the announcement of the launch of a direct airline that will be completed before or after the end of the pandemic.
Source: ComexStat
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