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Recently, the Brazilian Chemical Industry Association released statistics showing that in July 2021, Brazil’s imports of chemical-related products amounted to 5.
3 billion U.
S.
dollars, an increase of 4.
1% month-on-month and 45.
4% year-on-year; imports of chemical-related products amounted to 530 10,000 tons, up 4.
7% month-on-month and 11.
1% year-on-year
.
The export value of chemical-related products that month was US$1.
Analysts said that although Brazil's domestic economy has entered a recovery cycle, the domestic chemical industry and investment remain idle, resulting in an increase in the deficit
.
In April of this year, Brazil promulgated a law aimed at revitalizing the domestic natural gas market, making management more flexible for private companies engaged in natural gas transportation, supply, and sales, encouraging private companies to enter the market that has been monopolized by Petrobras, and strengthening competition in the natural gas market.
In the first seven months of this year, Brazil's imports of chemical-related products reached 30.
3 billion U.
S.
dollars, an increase of 30.
6% year-on-year; exports of chemical-related products were 7.
7 billion U.
S.
dollars, an increase of 18.
1% year-on-year
.
The trade deficit of chemical-related products reached US$22.