After record high, Port of Santos projects drop in movement

With the end of the boost caused by the anticipation of shipments to the US, the complex expects an eventual reduction

July was the busiest month in the history of the Port of Santos, with over 17 million tons of cargo shipped. However, according to Anderson Pomini, president of the Port Authority of Santos (APS), the situation could change. With the end of the momentum generated by the anticipation of shipments to the United States following the announcement of new tariffs, the port is already preparing for a possible decline.

In an interview with Times Brasil, Pomini stated that the peak in shipments in July was heavily influenced by the so-called "tariff hike," recently announced by the US government. The measure prompted exporters to accelerate shipments, resulting in a surge in operations.

"In view of the announcement of the tariff hike, producers who already had these loads ready rushed to deliver to take advantage of the current price, taking into account that the tariff takes into account the date of entry of the product into the country," he explained.

The director said there was an increase of over 96% in some exports. The most frequently shipped products from the Port of Santos to the United States are beef, chicken, organ meats, coffee, and orange juice. These shipments represent just over 20% of the port's total movement, according to Pomini. China remains the main destination, accounting for around 60% of exports.

Despite the record, the APS president projects a decline in the coming months, especially for cargo destined for the US. "Just as we experienced a rush to deliver cargo for products that were already ready for delivery, it's natural that this month the port will prepare for a decline, especially for cargo destined for the US."

Limited impact

Pomini considers, however, that the impact of tariffs should be limited on the overall volume handled by the complex. "We'll see a percentage reduction due to the tariff hike, but this won't impact the overall volume, considering that close to 70%, a little over 60%, is destined for these other 200 countries, especially Asia, China, and parts of Europe," he stated.

He also highlighted the Port of Santos's ability to adapt to market fluctuations. "It's a modular port that adapts precisely to these fluctuations because it needs to be efficient in exporting products and importing manufactured goods."

With connections to 200 countries and approximately 600 destinations, the port is accustomed to periods of high and low demand. Pomini emphasized that the growth of agribusiness was also a significant factor in July's performance, along with the anticipation of shipments caused by the new US tariffs.