Brazil’s chemical imports rise 22.8% year on year in July

11 August 2011 22:43  [Source: ICIS news]

SAO PAULO (ICIS)--Brazil's chemical imports rose to $3.7bn in July, a 23% year on year increase, Brazilian chemical trade group Abiquim said on Thursday.

Year to date, imports totalled $22.8bn (€16.0bn), 27% higher over the same period in 2010. July’s total was 1% higher compared to June, Abiquim added.

Exports totalled $1.6bn in July, up 46% year on year and 24% from June, the association said.

Year to date exports were up 23% year on year at $9bn, Abiquim said.

Brazil’s chemical trade deficit reached $13.8bn year to date, a 29% increase over the same period last year.

Fertilisers led all imports at $4.3bn, while thermoplastic resins led all exports at $1.4bn.

($1 = €0.70)

By: Hellen Berger
+1 713 525 2653

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