TEHRAN – Iranian ambassador to Brazil Hussein Gharibi has said 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,.
Speaking in a specialized meeting of the 14th International Conference of Iran Petrochemical Industry, held via videoconference, 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.