Paranagua Port ranks first among Brazil’s soybean export ports

The Port of Paranaguá has ranked first among Brazil’s soybean export ports at the beginning of 2024. According to the Brazilian Foreign Trade data query system (Comex Stat), 37.5% of Brazil’s soybean exports departed from the Port of Paranaguá in January. The Port of Santos ranks second, accounting for 20.9% of the total.

In January 2024, state port authority Portos do Paraná saw 1,822,656 tonnes of soy complex goods. Of this total, soybeans accounted for 1,177,616 tonnes, serving as raw material for various products such as soy milk, soy meat, and tofu. Soybean handling grew 202% compared to the previous year (389,123 tons).

Soy meal, used in animal feed production, stood second among soy complex exports,  with 606,321 tonnes handled, up 118% from 2023 (277,716 tonnes).

“Adopting a sound logistic strategy was crucial to meet the market demand backlog since 2023. We continue to have a good performance outlook for the first quarter of this year,” emphasized Luiz Fernando Garcia, CEO of Portos do Paraná.

The third item in the complex is soybean oil, which can be used in food products or the manufacture of antibiotics, pharmaceuticals, disinfectants, thermal insulation, insecticides, fabrics, and paints, among others. This year, 38,719 tonnes of soybean oil were handled, a value below 2023 (123,287 tonnes).

The following chart shows Port of Paranagua‘s soy export volume month-on-month between January 2022 and January 2024, according to DataLiner data.

Soy Exports from Paranagua | Jan 2022 – Jan 2024 | WTMT

Source: DataLiner (click here to request a demo)

Record Throughput in January

Portos do Paraná, the number one ranked among Brazil’s soybean export ports, saw 2024 begin with another record-breaking throughput. In total, 5,064,683 tonnes were handled in January, a volume 20% higher than last year and a record value compared to the public company’s historical data for January (4,207,257 tonnes).

Currently, the main destination for exports departing Paraná shores is China, at a US$ 758 million value in January. According to Comex Stat data, total foreign market revenues reached US$ 1.82 billion (R$ 9.01 billion) in the first month of the year, up 29.2% from January 2023 (US$ 1.41 billion).

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