Automobile parts ranked third behind housing and construction products and food and beverage among Brazil’s leading exports to the Gulf in 2009. The South American country sold USD 5.93 million worth of automotive goods to GCC countries last year and will pursue additional opportunities in high-growth markets such as the UAE during the upcoming Brasil Trade Middle East 2010, a multi-industry exposition running from May 9 to 11, 2010 at the Intercontinental Hotel in Dubai Festival City.
Brazil, the largest national economy in Latin America and the world’s 10th largest in terms of market exchange rates, is sustaining an export boom driven by products such as aircraft, textiles, footwear, food and beverages, electrical equipment, and automobiles and automotive parts. It is looking to grow its autoparts exports in the GCC, one of the most important and developing automobile economies in the world and home to almost 4 million passenger vehicles. Car sales in the Gulf have been picking up since the second quarter of 2009 and continue to exceed market expectations. Brazil is particularly eyeing countries such as the UAE that have exceptionally high per capita incomes and stable economies and yet lack local automobile production facilities.
“There are currently several road infrastructure projects underway in the Gulf which will eventually translate to good opportunities in transportation-related businesses. The region has emerged as one of our top partners over the past years and so we want to gain a stronger hold on this important market as it further grows its automobile sector. Brasil Trade will allow us to interact with potential partners and see for ourselves how the autoparts business is faring in high-growth countries such as the UAE,” said Alessandro Teixeira, President of Apex-Brasil, Organiser of Brasil Trade Middle East 2010.
Brazil exported USD 4.6 billion worth of goods to and imported USD 1.7 from the Gulf in 2009. The more than 30 Brazilian exporters attending Brasil Trade Middle East 2010 will discuss how its Gulf partners can further expand commercial exchange and maximize the international popularity of Brazilian products such as construction materials, furniture and decoration, food and beverages, and auto parts. Hosted and local UAE buyers will engage in one-on-one meetings and attend special presentations delivered by Brazilian exporters during the trade show.
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