Brazil’s total containerized international trade volumes declined 3.3 percent in 2016, but imports finished the year strong, rising nearly 14 percent year-over-year in 4Q 2016the fourth quarter, according to Netherlands-based research firm Datamar, reported Rob Ward in the Journal of Commerce online.
“Imports did perform better as a result of stock levels reaching rock-bottom figures, and so there was a lot of replenishing inventory levels in Manaus (the economic free trade zone) and other production lines”, said Nestor Amador, Maersk Line’s commercial director for the east coast of South America.
Brazil’s export strength was especially strong in the early part of 2016, ranging from refrigerated goods such as beef, pork, and chicken to China, to dry cargoes and value-added products such as apparel, automotive parts, and machinery, reported Ward.
Robert Grantham, a shipping consultant, agreed that optimism has returned since Rousseff’s departure, and added that a lot of foreign direct investment has come Brazil’s way. “Industry is starting to pick up, but unemployment is still high, and the creation of new jobs will take time”.