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Egypt exports to Brazil rise 155.4 pct in 2021
13 February 2022  -  Organization :  -  Sector/Entity :  -  Category : Trade News

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Egypt's export growth to Brazil is the highest in the history of trade relations between the two countries, ranking as the Latin American country's 32nd top exporter.

São Paulo- Feb 13, 2022

Egyptian exports to Brazil surged by 155.4% to $542 million in 2021, up from about $212 million a year earlier, Minister of Trade and Industry Nevine Gamea said.

"Egypt's export growth to Brazil is the highest in the history of trade relations between the two countries, ranking as the Latin American country's 32nd top exporter," Gamea noted.

According to a recent report by the Egyptian commercial office in São Paulo, Egypt-Brazil trade amounted to $2.5 billion last year, compared to $1.9 billion in 2020, with an increase of 30%.

The report stated that the key sectors behind the export increase were: phosphate fertilizers ($183.4 million), superphosphates ($50.8 million), urea ($38.3 million), polyvinyl ($27.6 million), rising 218.6%, 1,350%, 65% and 140% respectively.

The minister pointed out that the entry into force of the free trade agreement between Egypt and the Mercosur in 2017, with customs reductions on exchanged goods, has ushered in a new phase in the country's trade ties with member states including: Brazil, Argentina, Uruguay and Paraguay.

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