AED111 billion of UAE-Brazil trade in 10 years

AED111 billion of UAE-Brazil trade in 10 years

ABU DHABI, 15th April, 2023 (WAM) -- The volume of non-oil trade exchange between the UAE and Brazil during 2022 grew by 32.1 percent to US$4.038 billion (equivalent to AED 14.8 billion), compared to US$3.056 billion (AED 11.2 billion) in 2021, according to data from the UAE's the Ministry of Economy (MoE).

Trade exchange between the two countries during the past ten years (2013-2022) rose 43.6 percent, from US$2.81 billion (AED 10.3 billion) in 2013, to US$4.038 billion (AED 14.8 billion) during 2022, to reach US$30.257 billion (AED 111 billion) over 10 years.

The MoE figures showed that the value of re-exports between the UAE and Brazil in 2022 stood at US$478.6 million (AED 1.75 billion), a growth of 84.4 percent as compared to the US$259.5 million (AED 952.3 million) recorded in 2021. The value of imports in 2022 amounted to US$3.68 billion (AED 13.5 billion), a growth of 28.7 percent over 2021, which saw US$2.68 billion (AED9.83 billion) worth of imports. The value of non-oil exports amounted to US$101.1 million (AED 371.03 million), compared to US$109.2 million (AED 400.7 million) in 2021.

Brazil ranked 23rd in the list of UAE's import partners during 2022, and ranked 37th with regard to the UAE's