HP Impact: HPImpact: Performance outlook: U.S. chemicals industry
Shipments in the U.S. of chemicals rose 6% in 2000, to total $464 billion. Gains were in life sciences, 7-1/4%; specialty chemicals, 6-3/4%; and industrial chemicals, 5%. Exports. According to data fr..
Shipments in the U.S. of chemicals rose 6% in 2000, to total $464 billion. Gains were in life sciences, 7-1/4%; specialty chemicals, 6-3/4%; and industrial chemicals, 5%.
Exports. According to data from the American Chemistry Council (ACC), as a result of a buoyant global economy, exports were the main driver. Despite a high dollar, exports rose 14-1/4%, reaching $80.5 billion - a new record. Imports from Western Europe and Asia rose more than 18%. Thus, the trade surplus fell to $7 billion. This is down significantly from the $20.4 billion peak reached in 1995.
ACC's survey respondents look for economic conditions to remain mostly favorable during 2001. The effects of higher energy pric
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