Trade balance in ports signals industry drama – 01/16/2024 – Panel SA

A balance from ATP (Private Port Terminals Association) shows that, in 2023, exports by ships totaled US$300 billion, an increase of 1.9% compared to the previous year. Today, private ports account for 65% of the country’s foreign sales.

The balance for the period was US$119 billion, but only because there was a 14% reduction in imports. According to analysts, this shows that the industry, in particular, stopped purchasing inputs necessary for the production process given the low economic growth forecast.

The data were collected from information from the Ministry of Finance’s statistics system, and made available through the ATP port sector database.

According to the president of ATP, Murillo Barbosa, Brazilian port terminals (TUPs) were boosted by exports of sugar (up 43.4%), seeds, oilseed fruits such as soybeans, as well as iron ore, which reached the US$34.6 billion in exports, representing growth of 7.2%.

“In the case of ores, Private Use Terminals were responsible for 86.1% of the movement of this cargo”, said Barbosa. “Porto Sudeste do Brasil recorded an increase of more than 50% in its iron operations.”

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

The drop was not greater because there was a 7.4% increase in the quantity of fertilizers imported. However, with a drop of more than 40% in its average value.

With Diego Felix

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