The Brazilian Chemical Industry Association reported the sector could obtain the amount by 2024. Brazil’s industry is the sixth-largest in the segment in the world.
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Fertilizers and inputs were the most imported chemicals to Brazil in October, at 21% of total imports.
Brazil purchased 47.6 million tonnes, up 5.4% from a year before. Fertilizers were the main item imported.
Brazil’s imports from abroad grossed USD 37.6 billion year-to-date through October.
Purchases of chemical products from other countries came out to USD 20.4 billion in the first half of the year, up 6% year-on-year.