Exports fell 14.6% in August and have already been in decline for a year

Exports fell 14.6% in August and have already been in decline for a year
September 1, 2023 – 16:10

The placement of goods had a new decrease and accumulated a decrease of 23.1% so far this year.

Exports accumulate 12 consecutive months of falls.

Photo: Pixabay

The exports of goods they fell 14.6% in August compared to the same month in 2022, after having reached 919 million dollars, according to data from the Union of Exporters of Uruguay (UEU), with which the decline so far this year is in the order of 23.1%, with a total of 6,296 million dollars.

This is how it emerges from the survey carried out by the UEU based on the Unique Customs Documents (DUAs), which do not include placements that leave the country from the free trade zone, nor the export of electrical energy. The entity that presides Facundo Marquez Thus, he accounted for placements that have been declining for a year, something that the sector already anticipated.

In fact, in comparison with the 12 months ending in August, the exports they fell 18.8% compared to the same period in 2022, for a total of 9,256 million dollars. When analyzing the 23.12% drop in exports in the first 8 months of the year, the lower sales to Chinese, Argentinian and placements via free zone of New Palmyra.

While, Brazil It was the destination to which the country exported the most, due to an increase of 18.1%, linked to higher shipments of dairy products, mill products and cereals. Something similar happened with USA from sales of meat, fats and oils. On the other hand, operations with China due to losses in meat, soybeans, wood and dairy products.


The impact of free zones

On the other hand, the applications for August in the free trade zone registered a 17% drop in the month, after reaching 1,027 million dollars. Thus, the exports for the January-August period marked a decrease of 19%, with an amount of 7,598 million dollars, according to data from Uruguay XXI.

Very significant increases were reported in the free zone of Peach, linked to the entry of wood for the new UPM pulp mill and to Turkey, due to the placement of live animals.

As a counterpoint, the largest drop among the top 20 destinations occurred in the free zone of New Palmyra, due to lower soybean income, affected by the drought and lower prices.

Source: Ambito

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