Foreign sales had a minimal drop in September. The brake was based on lower sales of beef to China. Likewise, in the accumulated of the year, the exports maintain their dynamism and grow more than 30%.
The Uruguay XXI Institute reported this Monday that exports in September, including free zones, were $1,036 million. That meant a minimal reduction of 0.2% in the year-on-year comparison. In the accumulated of the first nine months of 2022, exports of goods (including free zones) grew almost 31%, totaling US$ 10,423 million.
The beef exports fell for the third consecutive month in September. They were for US$ 199 million, with a year-on-year drop of 23%. The institute explained that China, which represents 57% of total exports, reduced purchases by 34% compared to the previous year.
Meanwhile, wood exports showed a reduction of 19%. Three of the main buyers, China, the United States and India (with shares of 20%, 16% and 12%, respectively) reduced their purchases between 42% and 53% last month.
Pulp exports also registered a decrease compared to the value of September 2021. Sales for the month totaled US$ 203 million, 6% below their year-on-year value.
Secondly, the milk productswhich recorded the greatest positive impact in September, had a year-on-year growth of 34%. Of the total exported (US$102 million), 51% was sold to Brazil, 11% to Algeria, 6% to China, 5% to Russia and the remaining 27% to other destinations, according to Uruguay XXI.
Soybean was the second with the highest incidence. Compared to September 2021, the exports of this product grew 50% totaling US$68 million.
Uruguay XXI
Brazil displaced China
As for the destinationsBrazil regained its first place in the ranking (position that he had lost in 2013 with China). Of the total exported, it represents 17%, which is equivalent to US$ 162 million. Dairy products are 32% of the total, followed by vehicles 12%, malt and plastics 10% each, according to Uruguay XXI.
Uruguay XXI
China took second place in the ranking. The devaluation of the yuan of almost 8% in less than a year has been decisive in the decline in demand from Uruguay’s main trading partner. The Asian giant acquired Uruguayan products for US$157 million in September 2022, 46% less than in September 2021, according to the official report.
The European Union (EU) was positioned as the third destination for exports with 9% of total exports. Beef reduced its purchases from US$32 million to US$22 million in the year-on-year comparison, although it was still the best-selling product. The second product was malt.
The United States was the fourth destination and Argentina was in fifth place.
Accumulated
Between January and September, foreign sales reached US$ 10,423, with a rise of 31% in the interannual comparison. The main export product was beef with US$ 2,024 million and an increase of 20%.
Soybeans were second with US$1,921 and an increase of 123%. Wood was in third place with US$ US$ 893 and an increase of 6%.
In the nine months accumulated, China remained the main comparator of Uruguayan merchandise with US$ 2,214 million and a year-on-year increase of 13%. The three main products were beef (US$ 1,201 million and an increase of 23%), soybeans (US$ 503 and an increase of 80%) and meat by-products (US$ 161 million and an increase of 7%).
The second destination was Brazil, with purchases for US$ 1,332 million and growth of 4%. The three main items were vehicles, plastics and dairy products. In the first case, exports were for US$ 230 million and an increase of 125%; in the second for US$164 million (24% more) and in the third for US$164 million (42% more).
The fringe area of Nueva Palmira ranked third. The largest exports were soybeans, wheat and barley for US$929 million.
In fourth and fifth place were Argentina (with US$886 million) and the United States (US$532 million).
