Brazilian Container Exports Surge 20.1% in First Five Months of 2024 Compared to Last Year

Recent data disclosed from Datamar’s Business Intelligence team reveals that from January to May 2024, container exports from Brazil stood at 1,270,258 TEUs, marking a 20.1% increase compared to the same period last year.

In May alone, Brazilian exports via containers saw a 12.8% rise from May 2023 figures.

The chart below provides a historical overview of Brazilian container exports in the first five months of 2024 and its comparison with the same months since 2021. The data comes from DataLiner, Datamar’s market intelligence platform:

Brazilian Exports via Containers | Jan-May 2021 – Jan-May 2024 | TEUs

Source: DataLiner (click here to request a demo)

The top commodity exported by Brazil in containers during the first five months of 2024 was meat, with a volume 7.6% higher than the same period in 2023, followed by wood (17.4%) and cotton (283.5%).

China remained the leading destination for Brazilian container exports, experiencing a 32.5% volume increase in the first five months of 2024 compared to last year. The United States followed with an 11.7% increase, and Mexico with a 27.7% rise.

Imports

On the imports side, Brazilian container imports totaled 1,257,800 TEUs in the first five months of 2024, up by 17.3% from the same period last year. May imports grew by 3.7% compared to May 2023.

The chart below provides a comparison of Brazilian imports via containers for the first five months of the year over the last three years. The data is from DataLiner:

Brazilian Imports via Containers | Jan-May 2021 – Jan-May 2024 | TEUs

Source: DataLiner (click here to request a demo)

The most imported commodities by Brazil from January to May 2024 were plastics, showing a 31.9% increase from last year, followed by reactors, machines, and boilers (7.8%). Notably, glass imports surged by 350.4% in the same comparison period.

Key trading partners for Brazil’s container imports included China, with a 35.3% increase in volume in the first five months of 2024, the United States (+18%), and Germany (-1.0%).

Plate

In Argentina, container exports from January to May 2024 were 3.6% higher than the same period in 2023, while imports decreased by 22% in the same comparison.

Uruguayan container exports grew by 7.8% in the first five months of 2024, while imports increased by 3%.

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