The total volume of Brazilian metals, precious stones, and jewellery exports to the UK in 2021 soared by 119%, rising 37% by value to reach £648.8m, with demand “overwhelmingly concentrated” in precious stones and gold, according to Apex-Brasil.
Metal ore exports also rose significantly, by 116% YOY, to reach £143.3m.
Apex-Brasil said “the figures are a result of high global prices across most of Brazil’s export categories as well as strong demand in a number of sectors, but especially those linked to
manufacturing and mining as the post-pandemic economic recovery pushed enthusiastic demand”.
Commenting on the figures, Igor Celeste, Apex-Brasil’s market intelligence department manager, said: “From metals to food, Brazil’s sectors and products have demonstrated enormous strength and resilience in the past 24 months and this has shown in the positive growth witnessed across most of our major export lines last year.
“We were always optimistic that 2021 was the year where progress would be made in our economic recovery. Looking at these figures now gives us huge satisfaction and the confidence that the trade recovery is not a temporary phenomenon but is firmly here to stay.”