04 October 2013 14:18 [Source: ICIS news]
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MUNICH (ICIS)--Europe’s chemical export surplus this year is on track to beat the record €49bn ($67bn) level recorded in 2012, trade body European Chemical Industry Council (Cefic) said on Friday.
EU net chemical exports for the first six months of the year are up 5% compared to the same period in 2012, Cefic said, with the surplus buoyed by a faster drop in imports compared to flat export growth.
Cefic director general Hubert Mandery added that the EU chemicals export surplus had been €25.4bn in the first half of 2013
However, Bock stated that the competitiveness of the region’s chemicals industry remains under threat from the shale gas boom in North America, and higher growth levels in developing markets.
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