Iran was the largest importer of corn from Brazil last year
US President Donald Trump warned that countries trading with Iran could face a 25% US tariff. Brazil, which ran a $2.9 billion trade surplus with Iran, could be affected. Brazil mainly exports corn and soybeans to Iran and imports fertilizers, fruits and nuts from the country.
US President Donald Trump said on Monday that any country doing business with Iran would face a 25% tariff on all trade with the United States. Washington is responding to a political crisis in Iran, which is experiencing its biggest anti-government protests in years, Reuters reported.
Brazil had a $2.9 billion trade surplus with Iran last year, government data showed, making the South American country a potential candidate for new US tariffs.
Brazil faced additional US tariffs on goods such as beef, coffee and orange juice in mid-2025. Washington later reversed course, partially eliminating the additional duties to avoid inflationary pressures on the domestic market. However, some goods are still subject to taxes, including shoes, fish and timber.
Brazil’s exports to Iran are mainly corn and soybeans, which accounted for 67.9% and 19.3% of total shipments to the country in 2025, respectively.
Iran was the main source of Brazilian corn last year, importing 9.1 million tonnes, according to trade data. Egypt and China, Brazil’s top trading partners overall, imported a combined 9.5 million tonnes of corn, the same data showed.
Brazil imported nearly $85 million worth of products from Iran, mostly fertilizers such as urea, as well as fruits and nuts.
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Source : Ukr Agro Consult
