Brazil August chemical imports rise 28.2% month on month

18 September 2012 17:55  [Source: ICIS news]

CAMPINAS, Brazil (ICIS)--Brazilian imports of chemical products in August rose by 28.2%, month on month, reaching $4.4bn (€3.3bn), a trade group said on Tuesday.

Despite the growth from July to August, imports of chemical products in August decrease by 0.4% year on year from $4.5bn in 2011, said Abiquim, a trade group.

According to Abiquim, Brazil imported $981m in intermediate fertilizers in August, 55.4% more than July imports of the product.

Chemical exports in August increased by 12.1%, month on month, at $1.4bn, despite a 9.9% year on year decrease, it said. 

From January to August, Brazilian chemical imports increased by 0.2% to year on year $27.3bn, it said.

Exports, however, decreased by 4.5% in the same period, reaching $10bn in 2012, Abiquim said.

From January to August, Brazil's trade deficit for chemical products reached $17.3bn, up 3.2% year on year, it said.

Within the last 12 months, from September 2011 to August 2012, the deficit reached $27bn, it said.

($1 = €0.76)

By: Leo Siqueira
+1 713 525 2600

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