Iran-Brazil Trade Value Crosses $6.5 Billion: Envoy
TEHRAN (Tasnim) – The value of trade exchanges between Iran and Brazil in the past Iranian calendar year (March 21, 2022 to March 20, 2023) exceeded $6.5 billion, the Iranian ambassador to Brazil said.
Speaking in a specialized meeting of the 14th International Conference of Iran Petrochemical Industry, held on Tuesday via videoconference, Hossein Gharibi termed Iran's petrochemical industry as the most important part of the country’s export activities in Brazil.
The envoy put the value of trade exchanges between the two countries last year at over $6.5 billion.
Urea fertilizer is the main product exported from Iran to this Latin American country, he said, adding, “In return, Iran imports corn, soy and red meat from Brazil.”
Elsewhere in his remarks, he pointed to the bartering of goods between Iran and Brazil and added that the two countries have managed to help meet one another's demands in recent years.
Since Brazil is a lucrative market for exporting Iran’s petrochemical products, including urea fertilizer, he said, the country should set up a headquarters to export urea fertilizer to this Latin American country.
In this regard, the Embassy of the Islamic Republic of Iran in Brazil is ready to provide activists of the petrochemical industry with the necessary information they need in order to get the lion’s share of petrochemical product needs in this country, he added.