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Sinochem News recently, the Brazilian Chemical Industry Association Thermoplastic Resin Sector Committee released statistics showing that Brazil's chemical imports will increase significantly in 2021
.
In 2021, Brazil's chemical imports will be US$60.
7 billion, a year-on-year increase of 46.
7%; the import volume will increase by 17.
4% year-on-year
.
Growth in Brazil's chemical imports has been driven by growth in organic and agricultural and livestock imports from the Asian region
In addition, Brazil’s chemical trade deficit reached US$46.
2 billion last year, a year-on-year increase of 51.
8% and a record high
.
Brazil's chemical industry association said that Brazil's chemical trade deficit was US$45 billion last year, an increase of 44.
Laercio Gonalves, president of Brazilian chemical wholesaler giant Activas, pointed out that the demand for chemicals in Brazil has increased due to the impact of the new crown pneumonia epidemic and growing domestic demand
.
However, Brazil's domestic resin production could not meet the market demand, and the appreciation of the US dollar led to rising import costs, resulting in a widening deficit
