Local production for local markets lessens direct tariff impact for BASF
02/05/2025
Chemicals group BASF has reported revenues of €17.4 billion for the first quarter of 2025, a fall of 0.9% compared to the same quarter last year.
Sales were flat in most regions, but there was growth of 8.1% in China, with revenues there reaching almost €2.3 billion. In North America, BASF achieved revenues of €5.1 billion, but this figure represented a decline of 5% year on year.