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Brazil's chemical industry trade deficit or record high

 Last Update: 2023-02-02
 Source: Internet
 Author: User

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Recently, the Brazilian Chemical Industry Association released a forecast that due to the surge in international chemical derivatives commodity prices, the trade deficit of Brazil's chemical sector will reach $64.
8 billion in 2022, an increase of 40.
3%
over 2021.
Among them, the import value of chemical products reached 82.
6 billion US dollars, a year-on-year increase of 36.
1%; The export value reached 17.
7 billion US dollars, a year-on-year increase of 22.
1%.

In 2022, Brazil's chemical industry is expected to have annual sales of R$969.
4 billion, up 24.
0% year-on-year, but its chemical production will remain at 2021 levels
.
In addition, sales in Brazil's chemical sector reached $187 billion in dollar terms, up 27.
3%
year-on-year.
Of this amount, $88.
3 billion is expected to increase sales by 24.
6%
year-on-year due to resins, elastomers, and industrial chemicals for various formulations.

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