16 March 2012 18:01 [Source: ICIS news]
SAO PAULO (ICIS)--Brazil’s chemical imports rose by 2.4% to $2.8bn (€2.1bn) in February from the same month last year, Brazilian chemical trade group Abiquim said.
Exports reached $1.1bn in February, down by 3.1% year on year, the association said.
Compared with January 2012, imports were down by 9.9%, while exports slipped 5.3%, Abiquim added.
In the first two months of 2012, Brazil's chemical imports rose to more than $5.9bn, up 9.2% year-on-year, Abiquim said.
Exports reached $2.2bn in the January-February period and were up by 1.5% year-on-year, according to Abiquim.
Thermoplastic resins were the main exported item in January-February with sales of $367.1m, up 5.6% year on year, the association said.
Fertilizers – the main imported item – totalled $893.4m in the first two months of 2012, Abiquim added.
Brazil’s chemical trade deficit reached $3.7bn in the first two months of 2012, up 14.4% year over year, according to Abiquim.
($1 = €0.76)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|