Private Ports Trade Figures Highlights Industry’s Economic Struggles

The ATP (Association of Private Port Terminals) report on the Brazilian seaborne economy reveals that 2023 ship exports amounted to $300 billion, marking a 1.9% increase from the previous year. Private ports account for 65% of the country’s international sales.

The surplus amassed in the period stood at $119 billion due to a 14% decrease in imports. Analysts suggest such figures indicate that the industry, particularly, has ceased buying production inputs in the face of a low economic growth forecast.

The data, obtained from the Ministry of Finance’s statistical system and replicated through ATP’s database, highlights that private port terminals (TUPs) were driven by exports of sugar (up 43.4%), seeds, oilseeds like soybeans, and iron ore, which reached $34.6 billion in exports, representing a 7.2% growth.

“In the case of ores, Private Use Terminals were responsible for 86.1% of the international movement of this cargo,” stated Barbosa. “Brazil’s Southeast Port saw an increase of over 50% in its iron operations.”

Regarding the decline in imports, Barbosa attributes it to a decrease in the quantity and average price of mineral fuels, registering a 22% reduction in the average price.

The decline was not more significant due to a 7.4% increase in fertilizer imports. However, this was accompanied by a drop of over 40% in its average value.

Report by Diego Felix.

Source: Folha de S. Paulo

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