Brazil is of good potential for Iran’s urea fertilizer, says Iran envoy

Iranian Ambassador to Brazil Abdollah Nekounam-Ghadiri said Brazil is of great potential to be a market for Iran’s urea fertilizer.

News ID: 5140

Date: 24 September 2024 - 12:23

TABNAK, Sep, 24: “Hopefully, urea fertilizer is of considerable market in Brazil and it is time for arrival of other petrochemical products in Brazil,” he said.

He expressed hope that a great share of Iranian petrochemical products would find their market in Brazil.

Based on the latest data released by International Fertilizer Association (IFA) in March 2023, Iran exported $1.8 billion worth of chemical fertilizers in the 2021-2022 crop year to become the world’s 11th biggest chemical fertilizer exporter.

According to the IFA data, Russia was the largest exporter of chemical fertilizers in the world during the mentioned period, exporting $12.5 billion worth of the mentioned products.

China and Canada were ranked second and third with $11.5 billion and $6.6 billion worth of exports, respectively, followed by Morocco with $5.7 billion.

The IFA data show that the United States with $4 billion, Saudi Arabia with $3.5 billion, the Netherlands with $3 billion, Oman with $2.6 billion, Belgium with $2.6 billion, and Qatar with $2.1 billion were other top exporters of fertilizers in the mentioned crop year.