The Brazilian market purchased 41.6 million tonnes of fertilizers in 2021. The product arrived mainly through the Port of Paranaguá.
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Trade between Arabs and Brazilians in 2021 reached USD 24.25 billion. The UAE took over as the leading destination for Brazilian products.
Year to date through November, Brazil purchased 100.6% more Arab products compared to 2020. Nevertheless, the balance continued to post a surplus for Brazil.
Arab Chamber secretary-general Tamer Mansour said during a webinar on Thursday (28) that direct shipping between Brazil and the Arab countries can boost business, particularly with Morocco.
Despite the global crisis caused by the COVID-19 pandemic, the sector stepped up imports on April. Brazil’s demand for fertilizers is expected to grow by 1.5% to 3% in 2020.
Brazil’s imports from abroad grossed USD 37.6 billion year-to-date through October.
The Brazilian state-run company is the second biggest fuel distributor in Uruguay, and the biggest in liquid fertilizer.
Foreign purchases reached USD 3.6 billion in January, a growth driven by more purchases of fertilizers feedstock.
Purchases of product from Arab countries amounted to USD 830 million from January to July, down 18.4% year-on-year, while imports from Russia widened.
Brazilian purchases of fertilizers in the international market tumbled 7.7% in the year’s first six months but increased in June.
The amount of product purchased by Brazil from other countries was down 8.5% last month, industry association ANDA reported.
Purchases saw a 10.8% drop in April and a 13.2% drop in the first four months of the year.
