(MENAFN) In the recently released data by the International Fertilizer Association (IFA), it was revealed that Iran has become the world's 11th largest chemical fertilizer exporter. The country exported USD 1.8 billion worth of chemical fertilizers in the 2021-2022 crop year. This news was reported by IRIB.
The data from IFA showed that Russia was the top exporter of chemical fertilizers in the world during the aforementioned period, exporting fertilizers worth USD 12.5 billion. China and Canada were ranked second and third, respectively, with exports worth USD 11.5 billion and USD 6.6 billion. Morocco was the fourth-largest exporter with exports worth USD 5.7 billion.
Besides Iran, the other top exporters of fertilizers in the 2021-2022 crop year were the United States, Saudi Arabia, the Netherlands, Oman, Belgium, and Qatar. These countries exported fertilizers worth USD 4 billion, USD 3.5 billion, USD 3 billion, USD 2.6 billion, USD 2.6 billion, and USD 2.1 billion, respectively.
The export of chemical fertilizers is a significant part of Iran's economy. The country's chemical fertilizer industry has shown remarkable growth in recent years, and Iran has become a major player in the global fertilizer market. The country has made significant progress in increasing its production capacity and improving the quality of its fertilizers.
Iran has vast reserves of natural gas, which is the primary raw material used in the production of chemical fertilizers. The country's abundant reserves of natural gas give it a competitive advantage over other countries in the production of chemical fertilizers. In addition, Iran's strategic location, at the crossroads of Europe and Asia, makes it an ideal hub for the transportation of fertilizers to various parts of the world.
The growth of Iran's fertilizer industry has led to the creation of new jobs, and it has also contributed significantly to the country's economic development. The country's chemical fertilizer exports are expected to continue to grow in the coming years as the government continues to invest in the industry and improve the quality of its products.
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