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Brazil’s chemicals trade sets new record deficit of US$18.6 billion in first semester 2021

RIO DE JANEIRO, BRAZIL - The strong increase in chemical imports, in both dollar value and volume, in the first half of the year resulted in a new negative record in the Brazilian trade balance.

According to preliminary data from the Brazilian Chemical Industry Association (Abiquim), the accumulated trade deficit reached US$18.6 billion, the highest ever for the first six months of the year and 32.7% above the negative balance registered in the same period in 2020.

In the 12 months through June, the chemical trade deficit jumped 32.7%, to US$34.8 billion, indicating that the . . .

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