The Import Price Index fell in the second quarter of this year. Oman purchased products from abroad at lower prices, including fuels and lubricants, machinery and equipment, as well as vegetable and animal oils.
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The migration of imports to the Single Portal, which will reduce bureaucracy in the process of purchasing goods from abroad, began this Tuesday (1st) and will continue until the end of 2025. Companies will save by reducing the time goods are held up. The overall gains for Brazil will be even greater.
At a forum in Cairo, the head of the Arab-Brazilian Chamber of Commerce Office in Egypt, Micheal Gamal Kaddes, presented the results of the free trade agreement between the Arab country and Mercosur. Egyptian sales increased in revenue, and the range of products diversified.
The North African country’s minister of economy said the financial instrument will be released later this week for the purchase of basic items, of which the country still has stocks for three months.
Exports to the country have been consistently growing since 2022, based on the analysis of the first eight months of the year. Imports, on the other hand, are declining.
A major exporter of oil and gas, the Arab country recorded a trade surplus. Top imports were mineral products and machinery.
According to a report by IATA, demand in the region witnessed a 14.7% year-on-year increase in July fueled by maritime tensions.
The importer is bringing perfumes by Khadlaj and Style & Scents, both from the United Arab Emirates, to sell in Brazil. Style & Scents products are already available to consumers, while Khadlaj’s will arrive in the coming days.
This year through July USD 31.6 million worth of goods were exported to Syria, a 276% increase compared to the same period last year. Imports are on the decline.
October will see the start of a major migration of import operations from Siscomex LI/DI to the National Single Window, which promises to reduce processing times and streamline procedures.
The top destination in Africa of Brazilian agribusiness goods in the first half of the year, Egypt has dramatically stepped up its purchases of sugar and soybean from the Latin American giant. On the other hand, Egypt supplies a significant volume of fruits to Brazil.
Iron ore, chicken, beef, sugars, and coffee were the top export from Brazil to the North African country in the first half of the year.
Since June 10, 1974, the two countries have maintained diplomatic relations that’ve evolved into an intensive trade. In an exclusive interview with ANBA, the UAE’s ambassador to Brasília, Saleh Alsuwaidi, said cooperation between the countries also encomes culture, tourism and defense.
North African country opened market to Brazilian poultry last October and imported 10,000 tonnes year to date through October.
