Trade: Brazil More Expensive


10th November 2010

Container cargo costs grow double-digits in Brazil, while falling in Mexico.
BY CHRONICLE STAFF
 
While it has generally become less expensive to export container cargo from Latin America, Brazil has seen a significant increase, according to a Latin Business Chronicle analysis of new data from The World Bank’s Doing Business 2011 report.
 
While the average cost to export a container of cargo from Latin America is now $1,228, or 6.6 percent less than last year, it costs $1,790 to export from Brazil, a 14 percent increase.
 
Brazil has Latin America’s second-highest prices for exporting containers. Only Venezuela is worse. For its survey of prices and other metrics, The World Bank uses a dry cargo, 20-foot, full container load that weighs 10 tons and is valued at $20,000.
 
Meanwhile, prices for importing container cargo also jumped in Brazil. While the average price in Latin America grew by 2.9 percent the past year to $1,487, it increased 20.1 percent to $1,730 in Brazil.The increase in Brazil contrasts with Mexico, where prices fell on both exports and imports. It now typically costs $1,420 for exporting a container from Mexico, a 3.5 percent decline from last year. The cost of importing a container cargo fell 8.3 percent to $1,880.  However, that still means Mexico has Latin America’s second-highest costs for importing container cargo. The increase in Brazil and decrease in Mexico is partly driven by higher demand in the South American …

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