DataLiner: November data show a drop in volumes handled year-on-year

Data recently published by DataLiner show that, in November, Brazilian containerized imports reached 205,918 TEU. The number represents a drop of almost 17% compared to the volume imported in November 2020 and an increase of 8% compared to the volume of November 2019.

Brazilian Containerized Imports | Jan to Nov 2019-2021 | TEU

Source: DataLiner (click here to request a demo)

Some goods that led to the aforementioned drop in import rates in November were: Vehicles, Cereals, Fertilizers, Vegetables, Dairy Products, and Clothing.

According to the year-to-date records of the first 11 months of 2021, Brazil imported 2,442,813 TEU, which is an increase of 19.7% vis-a-vis these months in 2020 and a 10.3% increase compared to 2019, despite the logistical challenges that the maritime trade has been facing due to the Covid-19 pandemic, such as exorbitant freight prices, lack of containers and congestion in ports.

YTD Brazilian Imports in Container | Jan to Nov 2019-2021 | TEU

Source: DataLiner (click here to request a demo)

Exports

Even with high dollar prices, which keeps Brazilian products competitive in the international market, exports had a negative performance in November compared to the same month in 2020. The data indicate a drop of almost 17% in volumes shipped to other countries. Regardless, the volumes exported in the last three months (September, October and November) remain in line with the volumes exported in the same period in 2019.

Some products, however, had a significant increase in exports this year compared to 2019. They were: Beverages, Fruits, Ceramic Products, Cotton and Wood.

Brazilian Containerized Exports| Jan to Nov 2019-2021 | TEU

Source: DataLiner (click here to request a demo)

In the year-to-date records of the first 11 months of 2021, Brazil is shown to have exported  2,649,173  TEU, a volume that is 1.6% higher than that exported from January to November 2020 and 7.5% higher than the same period in 2019.

YTD Brazilian Exports in Containers | Jan a Nov 2019-2021 | TEU

Source: DataLiner (click here to request a demo)

Outlook for 2022

According to a recently released report by Credit Suisse, in 2022, the economy should enter another recession, the third in the last eight years. Thus, investments are likely to contract due to the sharp rise in inflation, more severe government borrowing requirements and economic uncertainty.

The bank assesses that the weak economic performance in recent years reinforces the need to push it out this trap-like moment and gain momemtum by adopting a robust fiscal consolidation process and reforming old fashioned structures in order to make the economy more competitive and efficient.

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