BRAZILIAN FERTILIZER IMPORTS REACH US$ 7.2 BILLION IN 2020

The raw material to produce fertilizers in Brazil has had great importance for Brazil’s fertilizers imports, according to the Brazilian Chemical Industry Association (Abiquim). About US$ 7.2 billion were sold in 2020, which represents 61.7% of the imported volume, beating a record with more than 51.5 million tons of chemical products. By comparing 2020 to 2013, in 2020 the chemical industry has achieved the greatest historical deficit in the trade balance of chemical products, with an increase of 37.5%, due to the relevant contribution of organic chemicals for agribusiness. The production of chemical products has shown to be viable for Brazilian industry, as to reduce external dependence on strategic chains and provide competitive conditions for attracting investments.

Source: Agrolink

*Translated by Ia Niani