Iran Brazil Trade: More Exports to Balance Commerce
Seeking Trade Balance with Brazil
Iran actively works to bridge its trade gap with Brazil by boosting exports to the South American nation. Meanwhile, Agriculture Minister Gholamreza Nouri announces plans to increase crops like pomegranate, apple, and kiwi exports, as well as dried fruits and caviar. Consequently, this strategy will strengthen bilateral ties and foster economic cooperation.
Agrifood Exports to Get a Boost
Nouri recently met with his Brazilian counterpart in Brasilia, where they agreed to remove hurdles to Iran’s exports of these products. The two countries will soon start discussing new protocols for increased exports of agrifood from Iran. This development is expected to play a crucial role in balancing Iran Brazil trade, which is currently valued at around $8 billion annually.
Reducing Meat Imports and Focusing on Re-Exports
Iran boosts agrifood exports while planning to slash meat imports from Brazil in the coming years. Meanwhile, the country will redirect its focus to re-exporting Brazilian halal meat supplies to third countries. This strategic move will likely shrink Iran Brazil Trade deficit. Furthermore, by 2025, Iran has made notable strides in reducing its Brazilian meat imports, with a 15% drop reported in the first quarter. This shift in trade policy is expected to strengthen Bilateral Trade relations with other nations.
Urea Exports to Rise
Iran ramps up urea exports to Brazil, catering to the country’s growing fertilizer demand. Consequently, this move will significantly boost Iran Brazil Trade balance. In addition, Iran’s urea exports to Brazil surged 20% in 2025, reaching $1.2 billion in the first half. Furthermore, this growth will strengthen the country’s bilateral relationships, enhancing overall international cooperation.
BRICS Bloc Agreement
The agreement between Iran and Brazil is also significant in the context of the BRICS bloc, a grouping of emerging economies that includes Brazil, Russia, India, China, and South Africa. The bloc has been working to increase trade and economic cooperation among its member countries, and the Iran-Brazil agreement is seen as a key step in this direction.
Targeting $10 Billion Bilateral Trade
The two countries have set a target to increase their bilateral trade to $10 billion. Iran has taken several steps to achieve this target, including sending a trade attaché to Brazil last year, a first such move targeting the South American region. Two Iranian banks are also seeking to set up offices in Brazil to help boost exports.
A Win-Win Situation
Iran actively expands agrifood exports and urea shipments, poised to significantly narrow its trade gap with Brazil. Consequently, this move will positively impact bilateral relations, vital for both countries’ economic growth. As a result, both will continue to strengthen their economic cooperation, fostering a mutually beneficial partnership.
Source: Global Times