The export value of chemicals and chemical products from Brazil to the US experienced a noticeable decline from 2013 to 2023, with some fluctuations. In 2023, the export value stood at 1.9407 billion USD, reflecting a slight year-on-year decrease of 1.29%. The compound annual growth rate (CAGR) over the last five years was -1.24%. The forecasted data predicts a continuing downward trend, with the export value decreasing to 1.8028 billion USD by 2028, indicating a forecasted 5-year CAGR of -1.11%.
Future trends to watch for include potential impacts of geopolitical dynamics, shifts in trade policies, and sustainability initiatives that could influence the chemical sector. Additionally, monitoring advancements in chemical production technologies and changes in global supply chains will be critical for understanding the ongoing trade patterns between Brazil and the US.
