Brazil and Argentina: Which of the Two is More Committed in Agro-Industrial Exports Amid the Conflict Between Israel and Iran?

In 2024, according to official data, Argentine trade with Israel was 577 million dollars, while trade with Iran did not exceed 200 million. In both cases, the country registered a trade surplus with both nations. Argentine exports to Israel are led by kosher-slaughtered beef. This is a mid-value market that allows for integrating cuts from export steers. In second place is soybean flour. Small batches of peanuts and citrus juices, among other foods, are also exported. Regarding Iran, trade is fundamentally concentrated in soybean flour shipments. As for Brazil, Israel is not a relevant market. In 2024, kosher-slaughtered beef exports totaled just 173 million dollars. However, Iran is an important partner in the agro-industrial sector, having imported Brazilian corn worth 921 million dollars last year. The key point is that Iran is a major supplier of urea to Brazil, a nation that depends 100% on imports of this fertilizer. A worrying factor is that seven of the twenty main buyers ...