Fertilizers in Brazil | The Observatory of Economic Complexity

About

Exports In 2022, Brazil exported $299M in Fertilizers, making it the 53rd largest exporter of Fertilizers in the world. At the same year, Fertilizers was the 56th most exported product in Brazil. The main destination of Fertilizers exports from Brazil are: Paraguay ($149M), Argentina ($51.4M), Uruguay ($34.1M), Bolivia ($13M), and United Kingdom ($12.2M).

The fastest growing export markets for Fertilizers of Brazil between 2021 and 2022 were Uruguay ($20.3M), Argentina ($17M), and United Kingdom ($12M).

Imports In 2022, Brazil imported $22.5B in Fertilizers, becoming the 1st largest importer of Fertilizers in the world. At the same year, Fertilizers was the 4th most imported product in Brazil. Brazil imports Fertilizers primarily from: Russia ($5.31B), China ($2.37B), Canada ($2.31B), United States ($1.88B), and Morocco ($1.52B).

The fastest growing import markets in Fertilizers for Brazil between 2021 and 2022 were Russia ($1.74B), Canada ($1.23B), and United States ($882M).

COMPANIES In 2023, leading companies such as VOLVO CONSTRUCTION EQUIPMENT NORTH (558), AGCO CORPORATION (230), and THE DOW CHEMICAL COMPANY (130) were at the forefront of shipping Fertilizers from Brazil to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Brazil's Fertilizers exports accounted up to $18.9M and imports accounted up to $639M, resulting in a negative trade balance of $620M. Between February 2023 and February 2024 the exports of Brazil's Fertilizers have increased by $1.81M (10.6%) from $17.1M to $18.9M, while imports decreased by $-300M (-32%) from $939M to $639M.

Destinations In February 2024, Fertilizers were exported mostly to Paraguay ($13M), Argentina ($1.73M), Canada ($1.5M), Suriname ($596k), and Uruguay ($497k), and were imported mostly from Russia ($189M), Morocco ($52.5M), United States ($46.8M), China ($46.6M), and Canada ($43.7M).

Growth In February 2024, the increase in Fertilizers's year-by-year exports was explained primarily by an increase in exports to Paraguay ($7.09M or 47.7%), Bolivia ($858k or 471%), and Uruguay ($210k or 62.9%). In February 2024, the decrease in Fertilizers's year-by-year imports was explained primarily by a decrease in imports from China ($-37.5M or -26.3%), Netherlands ($-32.6M or -73.3%), and Norway ($-27.1M or -93.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$1.81M(10.6%)

IMPORT GROWTH (February 2023 - February 2024)$-300M(-32%)

MAIN EXPORTER (February 2024)Paraná$12.1M

MAIN DESTINATION (February 2024)Paraguay$13M

This section shows Fertilizers's exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Fertilizers over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$299M

IMPORTS (2022)$22.5B

NET TRADE (2022)-$22.2B

In 2022, Brazil exported $299M in Fertilizers. The main destinations of Brazil exports on Fertilizers were Paraguay ($149M), Argentina ($51.4M), Uruguay ($34.1M), Bolivia ($13M), and United Kingdom ($12.2M).

In 2022, Brazil imported $22.5B in Fertilizers, mainly from Russia ($5.31B), China ($2.37B), Canada ($2.31B), United States ($1.88B), and Morocco ($1.52B).

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