Chemical industry accumulated deficit of $ 9.9 bi in the year until may

The national chemical industry accumulated trade deficit of $ 9.9 billion between January and may 2015, according to the Brazilian chemical industry Association (Abiquim). In the last 12 months, the accumulated deficit reaches $ 29,4 billion. According to the Association, the Country imported $ 3.2 billion in chemicals in the month of may, indentation of 23.0% compared to may 2014 and increase of 14.2% compared to April this year. From January to may, were imported $ 15.1 billion, 13.2% lower than in the same period last year.
Already the Brazilian exports of chemical products reached just over $ 1.0 billion in may, a reduction of 2.5% compared to April, and 14.7 percent compared to may 2014. Year to date, until may, the foreign sales totaled $ 5.2 billion, 8.9% lower than the amount registered in the same period of last year.
Thermoplastic resins, with sales of $ 707 million, were the most exported chemicals across the country between January and may, according to the Abiquim. "The quantity imported chemicals has been dropping since November 2014, showing stagnation in the month of may, which evidences the fall in production and consumption of goods downstream on the value chain", points Denise Naranjo, Director of Trade Affairs outside the Abiquim.