Brazil's Trade With Saudi Arabia Grows

(MENAFN- Brazil-Arab News Agency (ANBA)) São Paulo – Trade between Brazil and Saudi Arabia reached USD 5.9 billion through November this year, up 5.4% compared to the same period last year. Both exports and imports are growing, according to data from Brazil's Ministry of Development, Industry, Trade and Services compiled by the Arab-Brazilian Chamber of Commerce (ABCC ).

Between January and November, Brazil exported USD 2.7 billion to the Gulf country, up 1.3% from the same period in 2024. Chicken, sugar, corn, and beef were the leading Brazilian exports.

In the opposite direction, imports totaled USD 3.2 billion through November, up 9.2% from the same period last year. Crude oil was Saudi Arabia's main export, totaling USD 1.6 billion, while fertilizers and refined oil were also key exports.

According to the ministry's data, the trade balance between the two countries shows a deficit of USD 439 million for Brazil, an increase of 115.8% compared to January–November of last year.

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Translated by Guilherme Miranda

Ari Dias/AEN

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