Indeed, this is a good sign, certainly better than imports being driven by mineral fuels
, as has been the case so far this year," the economist said.
Brazil has imported mostly mineral fuel
and oil, which recorded a 68.83 per cent share of the overall recorded imports for the Gulf.
In 2014, the exports to Brazil from the Arab World recorded a significant increase, especially from the GCC region, with fertilisers and mineral fuel
and oil capturing the largest share.
Including petroleum gases and other petroleum products, the share of mineral fuels
reached 98.9 per cent of the total imports in 2013.
Alaby stressed that 2013 witnessed a "tremendous" increase in imports of fertilisers, plastics, and boats, apart from items that are traditionally imported from the region, such as oil and mineral fuel
, according to the statement.
This hike in imports was induced mainly by a substantially larger bill of "mineral fuels
and oils" -- up by 140 percent, while the volume of imports increased by 126 percent.
Turkey exported 4.5 billion USD of mineral fuel
and oil, 9.3 billion USD of boiler, machinery and equipment and 13.8 billion USD of motor vehicles.
The largest decrease was registered in mineral fuel
, lubricants and related products (57.3%) and beverages and tobacco (42.2%), reports Focus News Agency.A
It represented a 2.72 per cent growth in Brazilian imports such as mineral fuel
, fertilisers, plastics, glass and glassware, fish and seafood and electric machinery, according to the statistics from the Arab-Brazilian Chamber of Commerce (ABCC).
"Resurgence of imports of crude mineral fuel
contributed significantly to the increase in US trade with the GCC in 2010, with these products accounting for 92 per cent of US imports from the region," the chamber said.
Turkey mostly exported motor vehicles in July, 2010 with 1.2 billion USD; and mostly imported mineral fuel
and oils with 3.1 billion USD.