Brazil ran a USD 6 bn surplus in trade with Arab League

São Paulo – Brazil ran a USD 6.1 billion surplus in trade with the Arab League in 2020. The surplus is the difference between exports and imports. The result accounts for 12.2% of the USD 50 billion all-time record surplus Brazil reached throughout the year. It’s also a 16.2% increase from the surplus reached in Brazil-Arab League trade in 2019, as per figures from the Arab Brazilian Chamber of Commerce(ABCC).

The entity reports that Brazil’s exports to the bloc of 22 countries in the Middle East and North Africa (MENA) generated USD 11.47 billion in revenue, down 6.3% from 2019. The decline, however, was lower than in other relevant trade partnerships, such as the United States (-23.7%) and Mercosur (-17.7%).


Via Brazil-Arab News Agency


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