Import and export freight costs up 500% in dollars

The National Confederation of Industry (CNI) has analyzed the increase in freight prices for each container that arrives or leaves Brazil. According to the survey, between January 2020 and September 2021, the dollarized price of freight for a container destined for the United States rose by up to 433%. If the destination is the west coast of South America, the increase registered is even greater: it reaches 510% in the same range.

Import freight costs have also skyrocketed. Freight for a unit that comes from Asia, for example, saw freight prices – in dollars – increase no less than 446% in the same period.

The CNI warns about some Brazilian particularities that help aggravate the effects of the global logistics crisis. The first is that the Brazilian position in the international container trade has little relevance and accounts for only 1% of containers handled globally. This means that the country is outside the main shipping routes.

At the same time, Brazil also presents imbalances in certain cargo flows (it imports more containerized goods than it exports), in addition to the chronic problem of having inefficient port customs administration.

In August, with the objective of mapping the problems faced since the beginning of the pandemic, the CNI carried out a survey with 128 companies and industry associations. When asked about their exports, 76% observed an increase in the value of export freight; 70% reported having suffered from the lack of containers or ships; and 65% suffered from cancellation, stopover, or regular services.

The picture does not improve at all when it comes to imports that depend on containers. Of those interviewed, 96% noted an increase in the value of export freight, 60% reported having suffered from the lack of containers or ships, and 50% registered cancellations or suspensions of stopovers or regular service.

Source: Seu Dinheiro

To read the full original article, visit the link:

https://www.seudinheiro.com/2021/economia/frete-tem-alta-de-mais-de-500-em-dolar/

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