Shipping Costs On The China-Brazil Route Soar, And Products Are Expected To Be More Expensive For Brazilian Households

Written by Valdemar Medeiros

Published on 09/01/2021 at 09:01

Contêineres da China – Brasil

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Freight From China to Brazil Soars and Is Expected to Raise Imported Product Prices for Brazilians

In 2020, China became Brazil’s top trading partner, surpassing the historic mark of a trade flow in freight products (exports + imports) exceeding US$ 100 billion. Exactly US$ 101.728 billion was traded between the two countries. Brazilian exports reached a record figure of US$ 67.685 billion, while imports totaled US$ 34.042 billion. The data is from the Secretariat of Foreign Trade (Secex) of the Ministry of Economy.

Products on Container Routes From China Will See Price Increases

Clothing, electronics, tires, and all products brought by containers from countries such as China, Korea, and Japan will directly experience the impacts of this adjustment, which should become more noticeable now at the beginning of 2021, as discharges occur, with the significant freight increase.

Indirectly, the surge in freight is expected to affect all goods sold in Brazil, assesses Ricardo Alípio da Costa, president of the Brazilian Association of Importers and Distributors of Tires (Abidip). He emphasizes that tires, even those manufactured in Brazil, depend on imported raw materials such as steel.

ARTICLE CONTINUES BELOW

Supply and Demand

At Brazil’s largest port, responsible for about 30% of the country’s container movement, the Port of Santos, no such significant increase has been observed in the second half of the year that could relate the surge in freight to excess demand. According to data released by the terminal itself, in October, container movement was only 0.2% higher than the same month in 2019.

Repeated Practice

A similar movement in freight prices occurred over a longer period from October 2015 to December 2017. As widely reported at the time, shipping companies deliberately cut navigation services between Asia and Brazil by half, which raised shipping costs sixfold and made the route the most expensive in the world.

Shipping Costs On The China-Brazil Route Soar, And Products Are Expected To Be More Expensive For Brazilian Households

Freight From China to Brazil Soars and Is Expected to Raise Imported Product Prices for Brazilians

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Products on Container Routes From China Will See Price Increases

Supply and Demand

Repeated Practice

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Shipping Costs On The China-Brazil Route Soar, And Products Are Expected To Be More Expensive For Brazilian Households

Freight From China to Brazil Soars and Is Expected to Raise Imported Product Prices for Brazilians

Read Also

Products on Container Routes From China Will See Price Increases

Supply and Demand

Repeated Practice

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

Under nearly 2 kilometers of ice in Antarctica, scientists have discovered an ancient landscape sculpted by rivers up to 60 million years ago, the size of Wales, preserved as a time capsule that could help predict the advance of ice towards the ocean.

She started by collecting oyster shells from restaurants and today she has already accumulated more than 10 tons to restore reefs, recover coastal habitats, and demonstrate how a common waste can become a tool for ocean conservation.

SpaceX will dock a $843 million vehicle to the International Space Station to push a nearly 420-ton laboratory against the atmosphere and make the debris fall in a controlled manner into the ocean.

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