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September sees a rise in freight prices to the United States

Published 9 October , 2023 Reading time 2 minutes Reading time 2 minutes
September sees a rise in freight prices to the United States

A survey conducted by Cheap2Ship reveals that in September, there was an increase in the average prices charged for shipping containers from Brazil to the United States compared to the previous month. The increase was 26.4%, going from an average of $1,977 in August to $2,500 in September. The trend is expected to remain above $2,000 in October.

Data: Maritime Shipping Export – Brazil to USA

Source: Cheap2Ship

As for the routes from Brazil to Europe and Brazil to Asia, prices remained stable between August and September, with a low variation in the average route prices. The forecast for October is that the average will stay at $1,200 for both routes.

Data: Maritime Shipping Export – Brazil to Italy (Europe)

Source: Cheap2Ship

Data: Maritime Shipping Export – Brazil to China

Source: Cheap2Ship

Trade Surplus in September: Positive Impacts on Maritime Freight

In the month of September, the Brazilian trade balance reported a significant trade surplus, reaching $2.8 billion in the second week, according to information from the Secretariat of Foreign Trade of the Ministry of Development, Industry, Trade, and Services (MDIC). This positive performance brings various benefits to the country’s economy. One of the key points is the reduction of exchange rate risk, providing greater stability in international trade transactions.

Furthermore, the trade surplus enables investments in infrastructure and stimulates economic growth in Brazil. This scenario opens doors to more favorable freight negotiations, which are essential for optimizing logistics costs and strengthening the competitiveness of Brazilian companies in the global market.

After a period of significant instability during the pandemic, maritime freight prices are returning to pre-Covid-19 levels. However, even with this stabilization, the cost of this freight still poses a challenge for the productive sector in Brazil. Logistics costs directly impact import and export processes, making it necessary to seek solutions to alleviate these difficulties and promote efficiency in the transportation of goods.