11 February 2009 21:29 [Source: ICIS news]
The ITC reported 306,149 tonnes shipped from the US in 2008, versus 382,886 tonnes exported in 2007, due largely to a weakening global economy beginning in the latter half of last year. The top destinations were Belgium, China and Mexico, which took 47% of total exports last year.
Month over month, December exports fell by 28%, with volumes to Belgium dropping significantly to 2,479 tonnes from 10,079 tonnes in November.
US imports were also down year over year by 13% in 2008. China reduced its import volume to 82 tonnes in 2008 versus 487 tonnes in 2007.
US IPA producers include Shell Chemicals, Dow Chemical, LyondellBasell and ExxonMobil.
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