Brazil imports and exports record volumes of chemicals in first five months of 2020

Data from the Brazilian Chemical Industry Association (Abiquim) points out that the deficit in the chemical products trade balance reached US$11.4 billion in the first five months of this year, a value 2.6% lower than that of the same period in 2019. The figure is the result of imports of US$16.1 billion and exports of US$4.7 billion, decreases of 5.3% and 11.3% respectively in the same period.

The intermediaries for fertilizers and pharmaceutical products for human use were the main groups in the Brazilian import list of chemical products, each with purchases in excess of US$2.5 billion until May, and together they represented practically one-third of the total imported by Brazil during this period. The most exported products in the period from January to May 2020 were the groups of various inorganic products (especially calcined alumina) and thermoplastic resins. However, while exports of these inorganics (US$1.5 billion) grew 2.7%, sales of thermoplastic resins (US$610.8 million) decreased by 22.6% in the same period.

From January to May, chemical products accounted for 23.3% of the US$68.9 billion import total and for 5.5% of Brazil’s US$84.5 billion in exports. The quantities handled in chemical products were a record both on the import side, with 18.8 million tons, and on the export side with 6.4 million tons – a respective increase of 12.4% and 18.7% in relation to the largest previous records.

Source: Abiquim

Sharing is caring!