Brazil chemical imports rise 12.1% year on year in October

17 November 2011 22:10  [Source: ICIS news]

SAO PAULO (ICIS)--Brazil's chemical imports rose to $3.6bn (€2.7bn) in October, a 12.1% year-on-year increase, Brazilian chemical trade group Abiquim said on Thursday.

Year to date, imports totalled $34.9bn, 26.7% higher over the same period in 2010.

Exports totalled $1.3bn in October, up 18% year on year, the association said.

Year to date, exports reached $13.2bn, up 24.1% year over year, Abiquim said.

Compared with September 2011, imports declined 9.2%, while exports dropped 14.9%, the association added.

Brazil’s chemical trade deficit reached $25.5bn in the last 12 months to October. The figure is a record for the period, Abiquim said.

From November 2010 to October 2011, the country imported $41.1bn in chemical products and exported $15.6bn.

Compared with the previous 12 months, November 2009 to October 2010, imports increased 27.4% while exports grew 24%, Abiquim added.

Thermoplastic resins were the main exported item with sales of $2bn year to date, up 38.3% year on year.

Fertilizers ­– the main imported item – totalled $7bn year to date, up 80.4% compared with the same period of 2010, the association said.

($1 = €0.74)

By: Hellen Berger
+1 713 525 2653

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