Uruguay’s foreign trade in goods showed a solid performance in May with a historical mark. The foreign sales including free zones totaled US$ 1,541 million Y grew 57.4% in the interannual comparisonreported Uruguay XXI. Also, a monthly record for exports of goods was reached since records were kept.
In the accumulated January-Mayplacements totaled US$ 5,516 million and grew 40% over the same period in 2021, which was a record for exports of goods.
The year-on-year increase of 57% in May is explained by increases in soybean exports, beef, cellulose, vegetables, rice, dairy products and malt. Wheat and wood registered negative incidences, according to the official report.
The increase in the last month was led by soybeans (+23.7 percentage points —pp—, to US$ 474 million), beef (+10.3 pp, to US$ 281 million), cellulose (+4, 7 pp, to US$ 144 million), vehicles (+4.1 pp, to US$ 53 million), rice (+3.4 pp, to US$ 34 million), dairy products (+2.7 pp, to US$81 million) and malt (+2.1 pp, to US$36 million).
Uruguay XXI
China continues to lead as a market
The main destinations of exports in May were: China (24%, to US$325 million), Brazil (12%, to US$163 million), European Union (9%, to US$125 million), Argentina (8 %,) and the US (6%), according to Uruguay XXI.
Uruguay XXI
In the accumulated January-May, exports to China totaled US$ 983 million and grew 72% in the year-on-year comparisonl. In the case of Brazil, they totaled US$352 million (+47%), to Argentina US$172 million (+751%) and the US US$219 million (+22%). Algeria also stood out with purchases for US$ 152 million and a year-on-year increase of 112%. This market is the main destination for powdered milk exported by Uruguay.
Uruguay XXI
