Industrial Chemical Industry: Performance Snapshot Q1 2019

Highlights from the quarter include:

  • 6.4% increase in Shipments year over year – every subsector saw growth except Petrochemicals which declined 7.4%.
  • 2.2% increase in Exports year over year – Inorganic Chemicals, Other Organic Chemicals and Synthetic Resins all increased while Industrial Gases and Petrochemicals declined.
  • GDP declined by 1.4% from Q4 2018 but the overall figures for GDEP remain robust and near multi-year highs.
  • Rail traffic was the same as Q4 2018 and remains slightly lower than recent highs seen in early 2018.