Brazilian chemical industry suffers impact of $ 31.3 billion due to pandemic

The deficit in the trade for chemical products totaled $ 31.3 billion in the last 12 months (March 2019 to February 2020) and the sector is already beginning to realize the first impacts of the new level of trade with the worsening of the coronavirus pandemic. In the first two months of this year, the accumulated deficit in the chemical trade balance reached $ 4.4 billion. The value represents a 10.5% drop compared to the same period last year. Imports fell 9.1% and exports fell 5.8% in the two months.

Source: Agencia Estado