Exports of Uruguayan goods exceeded US$ 4,000 million in the first quarter

Exports of Uruguayan goods exceeded US$ 4,000 million in the first quarter


export

This Monday, May 2, Uruguay XXI presented its “Monthly Foreign Trade Report for April 2022”.

The study states that in April, export applications, including free zones, totaled 1,115 million dollars, which “confirms the growth recorded by exports of goods since last year.”

Exports of beef, soybeans, cellulose, vehicles, malt, wood, dairy products, plastics and their manufactures explain the 28% year-on-year increase.

While rice, pharmaceutical products, unprocessed barley and beverage concentrate suffered falls in their exports this month.

In the first quarter of 2022, exports of goods including free zones reached 4,006 million dollars. “This figure means an increase of 35% in the year-on-year comparison,” assured Uruguay XXI.

Likewise, it was highlighted that the dynamism of sales was given by bovine meat, cellulose and soybeans, followed by wheat and vehicles.

The main destinations of exports in April 2022 were the usual: China (32%), Brazil (15%), Argentina (10%), the United States and the European Union (9%).

MSMEs

As the theme of the month, Uruguay XXI examined the export pattern of Micro, Small and Medium Enterprises (MSMEs) in Uruguay and the differences with large exporting companies.

According to the report on the characterization of exporting MSMEs published by Uruguay XXI, “in 2021 the nucleus of companies exporting goods in Uruguay was made up of 950 companies and their sales totaled 8,561 million dollars. Of that total, 81% are MSMEs.

Despite their numerical importance, these companies represent only 7% of the exported value, which is equivalent to 672 million dollars.

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