Exports of beverage concentrate, beef, electricity, vehicles and meat by-products were the products with the greatest positive impact, which explained the monthly variation in the first month of 2022. While dairy products, live cattle and rice had a negative impact in January.
Bovine meat once again positioned itself as the main item exported at the start of the year, totaling US$ 207 million in January, reflecting an increase of 59% in the year-on-year comparison. In this way, foreign sales of beef maintain the growing trend registered in 2021, according to Uruguay XXI.
Uruguay XXI
China once again positioned itself as the main market and the one with the greatest expansion for Uruguayan meat. The Asian giant had a 70% share of foreign beef sales, some US$150 million, which meant a variation of 111% compared to the same month in 2021.
Meanwhile, the Pulp exports reached US$ 87 million in January and ranked as the second product in the month. The amount exported had an interannual increase of 16%, which is explained by the prices that continue to be high in the interannual comparison (47%).
Uruguay XXI
For their part, the exports of dairy products -third product in the ranking of exports for the month- had a slight drop in the year-on-year comparison (-3%), totaling US$ 65 million.
Energy sales maintained dynamism
According to the records of the National Customs Directorate (DNA), the export of electrical energy reached US$50 million in January 2022, an amount that doubles what was exported in January 2021 when sales reached US$24 million. Brazil was the main destination with 80% of the total exported, the remaining 20% was placed in Argentina.
When analyzing exports by destination, China was Uruguay’s main export market with US$216 million -a figure 65% higher than January 2021- representing 32% of Uruguayan exports in January.
Meanwhile, Brazil -second destination- obtained a 21% share. Sales to this market showed an increase of 33% year-on-year, standing at US$ 138 million. Vehicle exports stood out, totaling US$ 19 million last month. The European Union ranked third in the ranking of destinations for the month, reaching US$46 million, which implied an increase of 22% compared to January 2021, according to Uruguay XXI.
Uruguay XXI
