This Monday, October 3, Uruguay XXI presented its Monthly Foreign Trade Report, corresponding to September, prepared by the Department of Competitive Intelligence.
According to the investigation, exports of goods, including free zones, amounted to 1,036 million dollars in September 2022, registering a “very slight drop”.
The reduction of almost 0.2% is mainly explained by “lower sales of beef, cattle on the hoof, meat by-products and wood.”
In contrast, exports of soybeans and dairy products grew, says Uruguay XXI.
While in the accumulated of the first nine months of the year, exports of goods (including free zones) “grew almost 31% totaling 10,423 million dollars.”
Destinations
Regarding destinations, Brazil regained the first place in the ranking (position that it had lost in 2013 with China). Of the total exported, it represents 17%, which is equivalent to 162 million dollars. Dairy products are 32% of the total.
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 157 million dollars in September 2022, 46% less than in September 2021. More than 72% of this amount corresponded to beef.
While the European Union positioned itself as the third export destination. The bloc absorbed 9% of the total, the equivalent of 72 million dollars. Beef, whose participation was 30%, reduced its purchases from 32 million dollars to 22 million dollars.
