Minister Plenipotentiary and Head of the Commercial Representation Office in Sao Paulo Nashwa Bakr said trade exchange between Egypt and Brazil jumped by more than 500 percent, especially after the MERCOSUR-Egypt Free Trade Agreement came into force.
Bakr’s remarks came during her participation on Tuesday in a symposium organized by the Agriculture Export Council, in cooperation with the Commercial Representation Office in Brazil.
She noted that Egypt’s exports to Brazil soared by 20 percent in 2022 to record $650 million, compared to $540 million in 2021.
Bakr revealed that Egypt was the largest exporter of oranges to Brazil in 2022, as its exports of the fruit hit $7.3 million, against $2.6 million in 2021.
She stated that Egypt was ranked fourth on the list of countries exporting mandarin oranges to Brazil in 2022, at a value of nearly $326,000.
She noticed that Egypt exported approximately 93,709 tons of grapes to Brazil.
Source: Egypt Today Magazine