Brazil’s plastics deficit up 23.4% in Jan-Feb

04 April 2013 23:47  [Source: ICIS news]

MEDELLIN, Colombia (ICIS)--Brazil’s trade deficit in the processed plastics sector reached $411m (€321m) in the first two months of 2013, a 23.4% increase year on year, the country’s plastics industry association (Abiplast) said on Thursday.

Exports of plastics products in January and February were down by 7.3% year on year to $195m, while imports rose in the same period by 11.5% to $606m, Abiplast said.

South American trading block Mercosur accounted for 38% of Brazil’s plastics exports in the two-month period, the association said.

Latin American countries outside of Mercosur imported 21% of total exports, while the EU and the US accounted for 15% and 7%, respectively.

According to the association, 34% of imports originated from Asia, 22% from the EU, 16% from the US and 13% from Mercosur.

Exports to the EU and the US fell by 42.5% and 13.6%, respectively, while imports from the EU and the US rose by 5.3% and 16%, respectively, Abiplast said.

Abiplast represents more than 11,500 plastic manufacturing companies in Brazil and about 350,000 employees.

The association has repeatedly called for governmental measures to help boost the competitiveness of the sector and address the growing trade deficit, which reached $2.25bn in 2012, up by 20% compared to 2011.

($1 = €0.78)

By: Simon West

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index