New Delhi: India has overtaken Brazil to export its own goods to Arab countries for the first time in 15 years. This was reported by the Arab-Brazilian Chamber of Commerce. For the first time in 15 years, the Corona epidemic disrupted trade in 2020.
According to the report, where Brazilian ships used to reach Saudi Arabia in a month, now it takes two months to reach them, whereas India, being so close, would deliver meat, fruits, vegetables, sugar and grains in just one week. Is. Due to lower exports from Brazil, Saudi Arabia has focused on domestic production and boosted imports from other alternatives such as India.
According to the report, the distance between Arab countries and Brazil due to the Corona epidemic has affected global transport services. As a result, Brazil lags behind India in terms of food exports. According to the data released, Brazil accounted for 8.15% of the total agricultural products going to the 22 League members, while India accounted for 8.25% of the market in this trade.
In the case of the Arab League, Brazil’s agricultural exports grew by just 1.4 percent last year to 17 8.17 billion last year. At the same time, between January and October this year, Brazil’s total trade was 6. 6.78 billion, an increase of 5.5 percent. According to the chamber, this is due to logistical problems.
Another reason Brazil lags behind in the region last year is that China increased its food inventory during epidemics. Brazil’s trade has also been affected. The chamber said in its figures that Saudi Arabia is the largest buyer of food but now it is also working to increase its domestic food production capacity.
