Morocco was the first Arab exporting country to Brazil in January 2021, with more than $100 million in goods, according to the Arab Brazilian Chamber of Commerce (ABCC).
Moroccan exports recorded an increase of 95.5% compared to the same month in 2020, ABCC data showed.
The Kingdom exported mainly fertilizers (+118.3%), inorganic chemicals (+137.9%) and fish and shellfish (+44.2%).
For the year 2020, Moroccan exports to Brazil reached 1.2 billion dollars, making Brazil the 3rd client of the Kingdom, just behind France and Spain.
Brazil’s trade with the Arab countries climbed 17.3% in January 2021 from a year ago. The total value reached USD 1.22 billion and Brazil ran a USD 563.31-million surplus.
Year on year, Brazil’s revenue from exports to the Arab countries climbed 7.4% to USD 891.85 million, keeping the Arab bloc as the 3rd largest destination of sales from Brazil, only behind China and the United States.
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