Brazil chemical deficit reaches $6.7bn in 1Q 2013

17 April 2013 19:14  [Source: ICIS news]

CAMPINAS, Brazil (ICIS)--Brazil chemical trade deficit in the first quarter (1Q) of 2013 reached $6.7bn (€5.1bn), 18% up year on year, the nation's chemical industry association, Abiquim, said on Wednesday .

From January to March 2013, Brazil imported $10.2bn and exported $3.5bn in chemical products, it said in a statement.

According to Abiquim, imports in the first quarter of 2013 rose 8.6%, year on year, while exports decreased 5.4% in the same period.

Within the last 12 months, from April 2012 to March 2013, Brazil's chemical deficit reached $29.1bn, the widest trade gap that the nation's chemical industry has ever had, it said.

Intermediate for fertilizers remained as the item Brazil imported most, reaching $1.7bn in the first quarter of the year, said Abiquim.

Thermoplastic resins was the item Brazil exported most, registering $465.2m in sales in the same period, it said.

($1 = €0.76; $1 = R1.99)

By: Leo Siqueira
+1 713 525 2600

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