Brazil chem exports up 48.2% in Jan/Feb on higher resin prices

15 March 2010 22:28  [Source: ICIS news]

SAO PAULO (ICIS news)--Brazil exported $1.9bn (€1.4bn) of chemicals during the first two months of 2010, up 48.2% year over year on larger volumes and higher prices of thermoplastic resins, Brazil’s chemical industry association (Abiquim) said on Monday.

The country exported 1.9m tonnes of chemicals in the first two months of 2010, 24.8% more year over year, the association said.

In the first two months of 2010, some 203,500 tonnes of thermoplastic resins valued at $272.5m were exported.

In terms of value, exports of resins in the period were 35.4% higher year over year. However, in volume, resin exports were down 13.1%, Abiquim said.

Imports of chemical products totaled $4.3bn in the period, 22.3% higher than during the first two months of 2009, Abiquim said.

Brazil imported some 3.7m tonnes of chemicals in the first two months of 2010, 75.2% more than in the same period of 2009.

Imports of fertilizer intermediaries rose by 125.4% in terms of value and 254.3% in volume.

Brazil imported some 1.8m tonnes of fertilizer intermediaries worth $501m during the first two months of this year, Abiquim said.

According to the association, imports of thermoplastic resins impacted the figures. The country imported $437.4m worth of resins, some 22.1% more than in the first two months of 2009.

In volume, some 277,900 tonnes of resins were imported, 22.9% higher year over year, Abiquim said.

The trade deficit for chemical products was 7.5% higher year over year ($2.4bn), Abiquim said.

($1 = €0.73)

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