Brazil chemical trade deficit grows by 2.9% in July

16 August 2012 19:22  [Source: ICIS news]

SAO PAULO (ICIS)--Brazil’s chemical trade deficit rose by 2.9% in July from the same period in 2011 as a result of political turmoil in the Mercosur nations and local strikes, trade group Abiquim said on Thursday.

Imports for July totalled $3.5bn, down 7.6% year on year and 2.9% lower than June 2012, Abiquim said.

Exports reached $1.2bn in July, down by 23.9% year on year and 0.7% lower than the previous month, Abiquim added. 

In the January-July period, imports reached $22.9bn, up 0.4% year on year, while exports totalled $8.6bn, down by 3.6% compared with the same period of 2011, Abiquim said.

Fertilizers were the most imported item in January-July with sales of $3.8bn, Abiquim added. 

Abiquim foreign commerce director Denise Mazzaro Naranjo said the industry is concerned with technical and economical impacts caused by recent political difficulties at Mercosur trade countries. 

Naranjo also cited the negative impact caused from recent strikes by public workers in Brazil.

By: Hellen Berger
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