Brazil Jan-Sept trade gap increases 31% - Abiquim

14 October 2010 01:01  [Source: ICIS news]

SAO PAULO (ICIS)--Brazil’s chemical sector trade deficit in the January-September period totalled $14.7bn (€10.6bn), rising by 31% year over year, industry association Abiquim said on Wednesday.

The increase came as chemical imports in the year over year period rose by 30.4% to $24.3bn, led by a stronger domestic demand and favourable currency exchange rates, Abiquim said.

Exports grew by 29.4% to $9.6bn year over year, lifted by shipments of thermoplastic resins ($1.3bn) and basic petrochemicals ($716.7m).

Abiquim said chemical imports, by volume, rose by 31.8% in January-September to 20m tonnes.

Brazil’s chemical exports in the first nine months of 2010 totalled 9.7m tonnes, a 9.6% increase from the same period in 2009, Abiquim added.

($1 = €0.72) 

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By: Hellen Berger
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