27 March 2013 15:17 [Source: ICIS news]
CAMPINAS, Brazil (ICIS)--Brazilian industrial-chemical sales fell by 1.58% while production dropped 3.71% during the first two months of the year, the nation's chemical industry association Abiquim said on Wednesday.
Imports rose by 15.9% the group said.
The rise in imports is attributed to the increase in imports of fertilizer intermediates, which rose 14.69% in the first two months of the year, the association said.
According to Abiquim, the results illustrate the declining fortunes of the Brazilian chemical industry, "proving one more time the lack of competitiveness ", it said.
During the 12 months ending on February 2013, production of industrial chemicals increased 0.28% while domestic sales rose 4.35%.
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