Brazil September chemical imports drop 5.8% month on month

15 October 2012 21:48  [Source: ICIS news]

SAO PAULO (ICIS)--Brazilian imports of chemical products in September fell by 5.8% month on month, trade group Abiquim said on Monday.

Imports for September totalled $3.8bn (€2.9bn), down 14.7% compared with the previous month.

Fertilizers were the most imported item in September with sales of $764m, 22% lower compared with the same month of 2011, Abiquim added. 

Exports reached $1.2bn in September, down by 18.8% year on year and 12.3% lower than the previous month, Abiquim added. 

In the January-September period, imports reached $31.1bn, down 0.5% year on year, while exports totalled $11.2bn, down by 6.3% compared with the same period of 2011, Abiquim said.

Brazil’s chemical trade deficit in January–September reached $19.9bn, up 3% year on year. In the last 12 months (October 2011-September 2012), the country’s trade deficit reached over $27.1bn, Abiquim added.   

Abiquim foreign commerce director Denise Mazzaro Naranjo said the industry is concerned with the growing chemical trade deficit in Brazil, despite recent government measures to protect the local industry. 

Such measures will not be widely felt until next year, Naranjo said.

($1 = €0.77)

By: Hellen Berger
+1 713 525 2653

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