trade balance / balança comercial
Economy

DataLiner: Container exports start to recover in June; imports follow an upward trend

Aug, 02, 2023 Posted by Lillian Smoak

Week 202332

Data recently released by Datamar’s Business Intelligence team indicate that Brazilian exports via containers had a slight recovery in June, reaching a volume 1.9% higher than in the same month of 2022. Even so, in the first half of the year, the volumes are 7.4% lower than in the same period of 2022, as can be seen in the graph below:

Brazilian Exports via Containers | Jan 2019 to Jun 2023 | TEUs

Source: DataLiner (click here to request a demo)

Among the destinations of Brazilian containers, some data call attention. Shipments to the United States, for example, had a drop of 22.3% in June, compared to the same month of 2022. In the first six months of the year, the drop is 17% compared to the first half of 2022.

Another destination with a negative performance, pointed out by DataLiner is Argentina, which received, in June 19.7% less Brazilian containers than in June 2022. In the accumulated of the first six months of the year, the drop is 17%

Imports

On the other hand, Brazilian imports via containers continue to perform well. In June, Brazil imported a volume in TEUs 17.8% higher than in the same month of 2022. In the accumulated of the first six months of the year, the growth was 8.7% in relation to the period from January to June 2023.

See below the Brazilian imports of containers since 2019. The data was collected by Datamar’s Business Intelligence team:

Brazilian Imports via Containers | Jan 2019 to Jun 2023 | TEUs

Source: DataLiner (click here to request a demo)

In imports, cargoes received via containers from China stand out, growing 37.53% in June compared to June 2022 and 15.9% in the accumulated from January to June compared to the same period of 2022.

Brazil also increased imports from the United States. DataLiner data indicate that in June, we imported a volume 11.8% higher than in June 2022 from the country and in the first half a volume 18.9% higher.

Argentina and Uruguay

Regarding Argentina, DataLiner data point to a drop in exports of 10.3% in June and 8.6% in the first six months of the year compared to 2022. Argentine imports increased by 2.7% in June but fell 12.8% in the half-year comparison.

Data from Uruguay’s DataLiner show a drop in exports via containers both in June (-18.5%) and in the semester (-10.6%) compared to 2022. Imports, on the other hand, grew 10.3% in June and 3 .8% in the first half of the year.

Trade balance

In relation to July, data released this Tuesday (1/8), by the Foreign Trade Secretariat (Secex) of the Ministry of Development, Industry, Commerce and Services (MDIC) show that, in the seventh month of 2023, exports surpassed imports by US$ 9.035 billion, which represents the biggest surplus for the month of July since the beginning of the historical series in 1997. The previous record had been registered in 2020 with US$ 7.601 billion.

The record positive balance for the month was 68.7% higher, by the daily average, than that observed in July 2022. In July 2023, exports totaled US$ 29 billion and imports, US$ 20 billion.

In exports, comparing the averages for the month of July 2023 (US$ 1.384 billion) with the same month of the previous year (US$ 1.421 billion), there was a decrease of 2.6%. Regarding imports, there was a reduction of 18.2% in the comparison between the averages of the month of July this year (US$ 953.67 million) with that of the month of July last year (US$ 1.166 billion).

Foreign sales record
In the accumulated result for the year, there was a record in export volume, with exports of US$ 194.742 billion, second only to 2022 with US$ 193.915 billion.

By the daily average recorded from January to July (US$ 1.343 billion) with that of January to July last year (US$ 1.337 billion) there was growth of 0.4%. Regarding imports, there was a drop of 8.9% in the comparison between the accumulated averages of this year (US$ 969.95 million) with that of January to July of last year (US$1.064 billion).

Sectors and products
In the last month, the performance of the sectors by the daily average in relation to the same period of the previous year was the following: growth of US$ 5.72 million (+1.8%) in agriculture; fall of US$ 8.29 million (-2.6%) in mining and quarrying and fall of US$ 38.02 million (-4.9%) in products of the Manufacturing Industry. Already in the accumulation of the first seven months of the year, the performance of the sectors by the daily average was the following: growth of US$ 19.8 million (+ 6.1%) in agriculture; decrease of US$ -11.36 million (-3.8%) in mining and quarrying and a decrease of US$ 5.8 million (-0.8%) in products of the Manufacturing Industry.

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