Brazilian yacht and speedboat exports drop sharply ahead of U.S. trade barriers

Brazilian shipyards are facing a challenging scenario with the prospect of a more than 30% drop in exports to the United States. The setback is tied to the impending 50% tariff set to take effect on August 1st, unless reversed by the U.S. government. The nautical sector, which had already seen a 10% increase in exports in 2024, is now working to prevent the situation from worsening.

In 2024, Brazil exported $68.8 million worth of vessels, with the U.S. accounting for 60% of that total—approximately $41.3 million. The Brazilian Association of Boat Builders and Related Equipment (Acobar) is in talks with organizations such as the American Chamber of Commerce (Amcham) and the National Confederation of Industry (CNI) to reverse the measure. As of May this year, exports had totaled $25.8 million, a 22% drop compared to the same period in 2023.

Tariff impact

The U.S. tariffs directly affect the competitiveness of the sector, which is already under pressure from currency fluctuations. Francesco Caputo, CEO of Azimut Yachts Brazil, pointed out that the euro’s 19.5% appreciation against the real has further complicated the situation. A sector that typically adjusts its prices twice a year now finds itself having to revise prices more frequently to keep up with rising costs.

Furthermore, the U.S. market—once responsible for 53% of exports in early 2023—has seen its share fall to 48% this year. Caputo emphasized that the goal is not to pass the full burden of these costs onto customers, thereby avoiding discouragement of demand.

Opportunities in Argentina

Despite the difficulties, there is a positive sign in the recovery of exports to Argentina. After years of restrictions, Azimut has already closed sales in the neighboring country, including one model sold for R$18.9 million. The lifting of currency controls on the U.S. dollar in Argentina, announced in April, opens up new opportunities for the sector.

Argentina, with its strong nautical tradition, could become a new strategic focus for Brazilian shipbuilders. Both Acobar and manufacturers are optimistic about this reopening, which could help offset the expected losses in the U.S. market.

Source: Portal Na Tela

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