The Chamber of Industries says that the drop in the first semester responds to the drop in the output of primary products, which went from US$ 602 to 314 million
The Uruguayan Chamber of Industries (CIU) issued a statement on Tuesday in which it announced exports of industrial goods in the first half of 2023, which registered a 21.4% drop compared to the same period last year, while that physical volumes were also reduced by 16.4% less compared to 2022, they reported.
In this sense, the report indicates that the requests for export of goods in July were for 860 million dollars, 30.5% less than the same month last year.
“According to the report prepared by the Directorate of Economic Studies of the Uruguayan Chamber of Industries, this situation is mainly due to a lower amount of exports of primary products, which went from US$602 million in June 2022 to US$314 million. in the sixth month of this year, a decrease of 47.8% in the year-on-year comparison, which had a negative impact of 23 percentage points”, the report indicates.
“In the accumulated of the year, exports of primary products fell 33.7% compared to the same period of the previous year, driven by the 76% reduction in external sales of soybeans. In the industrial sector, the decrease was 19.1% in the interannual comparison of June and 14.9% considering the accumulated figure for the year”, he adds.
On the other hand, the document reports that external sales of manufactures of industrial origin fell 3.4% in the sixth month of the year and 7.4% accumulated in the first semester.
“Manufacture of soaps and detergents, preparations for cleaning and polishing, perfumes and toiletries, Manufacture of plastic products and Manufacture of pharmaceutical products were the ones that decreased the most, while the exports of Manufacture of motor vehicles were the ones that fell the most. increased,” he says.
Regarding manufactures of agricultural origin, there was a 23.3% drop in exports, according to the CIU, if compared to June compared to the same month of the previous year, while in the accumulated year the reduction was 17 ,1%. Industrias highlights that there was a deterioration in the external placement of refrigerators, tanning and dressing of leather, dressing and dyeing of skins and the preparation of textile fiber spinning mills.
On the contrary, there was a 24% increase in exports in the production of malted beverages and malts. In the meat sector, the fall was 34.7%, which had a negative incidence of 22.1 percentage points in the exports of Manufactures of Agricultural Origin in the sixth month of the year, mainly explained by the deterioration of the placements of frozen boneless beef to China.
