According to the new Report VIP from the DATAGRO, based on the most recent data from Secretariat of Foreign Trade (Secex)Brazil imported 3.42 million tons in March 2026, a volume 31.0% higher than that reported in the same period last year. In the first quarter of this year, imports totaled 8.61 million tons, a 9.2% increase year-on-year. "Despite the conflict between Israel and Iran affecting the flow of fertilizers and natural gas through the Strait of Hormuz, and the attacks compromising production in the countries involved and neighboring countries such as Egypt and Saudi Arabia, the impacts on supply to Brazil are expected to be felt more deeply in the coming months. With ships from Canada, Russia, and Venezuela arriving at Brazilian ports even during the war, the volume imported in March was the highest in the historical series for this month," highlights the report. DATAGROOn the other hand, due to the geopolitical context, the consultancy assesses that spending on purchases this year is already significantly higher than in previous years, due to the higher logistical costs of vessels that needed to recalibrate routes, in addition to the rise in fertilizer prices in the international market. Brazilian spending on fertilizers reached US$ 3.32 billion in the first two months of 2026, a significant increase of 23.7% compared to the previous year, mainly affected by higher prices for some fertilizers, such as urea, due to conflicts in the Middle East region. For more information, access [link/website address]. VIP Report in analysis session of DATAGRO Portal.
This text was translated by machine from Brazilian Portuguese.