Brazil’s economy saw 1.4% growth in the first quarter of the year compared to the last quarter of 2024, fueled by agriculture, which was up 12.2%.
Browsing: industry
ed by the Arab-Brazilian Chamber, the Brazilian chemical company made a trip last month to the United Arab Emirates, Egypt, and Saudi Arabia, during which it found a distributor and closed a sale. The company is considering opening a facility in the region.
Driven by exports, the Brazilian footwear industry will increase its production to over 940 million pairs in 2025. The data was released to the press at the BFSHOW trade fair in São Paulo.
The Arab country’s Ministry of Economy and Industry authorized food, chemicals, textiles, and engineering companies to operate in the country in Q1 of this year.
Last year, the Arab nation grossed USD 37.9 million from glass and glass product exports to Brazil. The Egyptians moved from being the 10th largest exporter to the Latin American country in 2023 to the fourth in 2024.
The country reached a record 5.9 million air-conditioning units manufactured, which propelled it to second place among the world’s largest manufacturers of the product, trailing only China.
Brazil’s gross domestic product saw its largest growth since 2021. The expansion of industry, construction, and household consumption were some of the key drivers. As unemployment reached the lowest unemployment, Brazilians increased their spending.
Exports to the Arab country increased in January compared to the same period last year, according to data from the Brazilian government.
The institution will launch a financing program to increase the sector’s participation in the economy of the Arab country.
Domestic production grew from January to November and is expected to reach 33.7 million tonnes by the end of 2024. Imports also increased over the period, but exports fell.
The Brazilian aircraft manufacturer reported USD 22.7 billion in orders in its Q3 2024 results. Deliveries saw a sharp increase from July to September, and both revenue and profit went up.
Saudi Arabia has opened its market to flower imports from Brazil, but sales to Arab countries must overcome distance and cost challenges, says director of Ibraflor.
The memorandum of understanding provides for the launch of t projects in commercial aviation, urban air mobility, and the defense sector.
Talking at the B20 Summit in São Paulo, Abdulrahman Al-Fageeh also said it is possible to extract more chemical residues from plastic raw materials and expand recycling.
