New DataLiner Data: Brazil’s Container Imports Soars to Yet Another Record in 2024

Data newly released from Datamar’s Business Intelligence team reveals a significant upsurge in Brazil’s container imports in 2024, which have consistently broken monthly records. Between January and October 2024, imports grew by 20.2% year-on-year. When comparing October 2024 to October 2023 alone, the growth reached 25.7%.

The chart below provides a historical overview of Brazilian container imports based on DataLiner data:

Brazilian Container Imports | Jan 2021 – Oct 2024 | TEUs

Source: DataLiner (click here to request a demo)

Key imported goods included plastics (+29.2%), reactors, machinery, and boilers (+19.8%), and vehicle engines and auto parts (+43.1%), indicating a boost in industrial activity and, consequently, overall economic growth.

China remains Brazil’s top origin of imported merchandise, with volumes increasing by 30.5% compared to 2023. The United States follows, with a 22.1% increase in imports.

Brazil also showed positive export performance. The volume of exports in the first ten months of 2024 was 13.8% higher than a year prior, 2023. Comparing October 2024 to October 2023, export growth reached 9.5%.

The chart below offers a historical perspective on Brazilian container exports over the past four years:

Brazilian Container Exports | Jan 2021 – Oct 2024 | TEUs

Source: DataLiner (click here to request a demo)

Leading Brazilian export commodities in the first ten months of 2024 included meat (+11.8%), wood (+14.6%), and cotton (+101.9%), underscoring agriculture’s critical role in Brazil’s foreign trade.

China continues to be the top destination for Brazilian exports, with a 9.1% volume increase, followed by the United States, which received 7.7% more goods compared to 2023.

The Plate Region

In the Plate region, which encompasses Argentina, Paraguay, and Uruguay, container exports totaled 585,096 TEUs in the first ten months of 2024, marking a 10.4% increase compared to last year. The chart below highlights the historical trend:

Plate Container Exports | Jan 2021 – Oct 2024 | TEUs

Source: DataLiner (click here to request a demo)

Argentina’s container exports grew 9.2% between January and October 2024 compared to the same period in 2023. Uruguay, meanwhile, reported an 11% increase during the same timeframe.

Conversely, container imports into Argentina, Paraguay, and Uruguay dropped by 13% in the first ten months of 2024 compared to 2023. The chart below details the trend:

Plate Container Imports | Jan 2021 – Oct 2024 | TEUs

Source: DataLiner (click here to request a demo)

Argentina led the decline in imports, with volumes 21% lower in the first ten months of 2024 than in the same period in 2023. On the other hand, Uruguay saw a slight increase of 1.2% in imports during the same comparison period.

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