Brazil processed plastics deficit rises 13.3% in first 8 months

01 October 2013 21:53  [Source: ICIS news]

MEDELLIN, Colombia (ICIS)--Brazil’s trade deficit in the processed plastics sector hit $1.65bn (€1.22bn) in the first eight months of 2013, a 13.3% rise over the prior-year period, the country’s plastics industry association, Abiplast, said on Tuesday.

Imports in the January-August period increased by 8.21% to $2.57bn, while exports inched up 0.08% to $914.7m, the association said.

The deficit increased in weight terms by 7.25% year on year to 320,100 tonnes. Imports of plastics were up by 5.74% to 484,000 tonnes, while exports rose by 2.90% to 163,900 tonnes.

Imports of plastics from Asia, the EU and the US, which accounted for 72% of all imports during the period, increased by 6.52%, 12.75% and 8.71%, respectively, Abiplast said.

Exports to South American trading bloc Mercosur, which accounted for 35% of all exports, were down by 1.28%. Exports to the US and the EU were also down by 14.91% and 5.54%, respectively, the group said.

($1 = €0.74)

By: Simon West

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