Brazil chemical imports increase 14.2% in January

19 February 2013 17:06  [Source: ICIS news]

CAMPINAS, Brazil (ICIS)--Brazilian imports of chemicals in January reached $3.6bn (€2.7bn), up 14.2% year on year and down 1.2% month on month, the nation's chemical industry association Abiquim said on Tuesday.

However, exports of chemicals in January increased 4.6% year on year and 3.6% month on month, reaching $1.2bn, Abiquim said.

According to the association, Brazil's trade deficit reached $2.4bn in January, adding that its current trade deficit within the last 12 months has reached $28.5bn.

In terms of volume, imports of chemicals decreased 4.6% in January year on year to 2.4m tonnes, according to Abiquim. Exports of chemicals in January reached 1.2m tonnes, up 9.9% year on year.

Sales of thermoplastic resins in January reached $176.2m, down 12.5% year on year. However, it was the chemical Brazil exported the most, Abiquim said.

Intermediate for fertilizers remained the main item Brazil exported, accounting for 12.7% of Brazil total chemical imports. Imports of intermediate for fertilizers in January of 2013 decreased 19.2% year on year, Abiquim said.

"The results of the trade balance of chemicals in January should be sought with caution," said Abiquim's foreign commerce director, Denise Naranjo.

"The recent recovery of exports, the relative stability of imports, the confirmation of the expectancies regarding the performance of Brazilian economy throughout this year as well as the turbulent international scenario should be the main conditioning factors for the behaviour of Brazil's foreign trade in 2013," she said.

($1 = €0.75)

By: Leo Siqueira
+1 713 525 2600

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