Brazil February chemical imports rise 2.4% year on year

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)

By: Hellen Berger
+1 713 525 2653

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