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Exports recovered with an increase of 14% year-on-year in October

Exports recovered with an increase of 14% year-on-year in October

The exports of goods recovered in October and increased 14% year-on-year, according to a report from Uruguay XXI, which reported foreign sales totaling $960 million, recovering from eight consecutive declines.

The meat Beef was the product that brought in the most dollars into the country for a total of 173 million dollars, which in any case represented a 7% drop compared to the numbers from the same month last year.

In second place was the cellulose, with placements for 147 million dollars and an increase of 25% compared to October 2022, followed by concentrates of drinks, with sales of 73 million dollars and an increase of 32%.

Further back appeared the rice, the product that grew the most, with a significant 86% in relation to the same month last year and sales of 69 million dollars, followed by dairy products, with 68 million dollars and a decline of 9%.

The ranking was completed by meat by-products, with a rise of 23% and sales of 58 million dollars; wood, with 45 million dollars and an increase of 6%; vehicles, for 35 million dollars and a decline of 20%; malt, for 30 million dollars and a decrease of 9%; and live cattle, which increased 234% and represented sales of 26 million dollars.

Brazil continues to be the main destination for exports

Among the export destinations, Brazil once again established itself as the main buyer by acquiring Uruguayan products for 170 million dollars, despite the 4% drop compared to what was registered a year ago. Dairy products and vehicles represented 15% of total exports each, although falling 26% and 18%. Meanwhile, sales of wheat and rice increased and exceeded 5 million dollars.

Second appeared China, with 17% and sales of 142 million dollars, which represents a year-on-year increase of 3%, despite the 19% decrease in beef. However, there were increases in sales of wood and meat by-products.

Finally, USA came third with placements of 72 million dollars (9%); the European Union in fourth place with 63 million dollars (7%); and Argentina in fifth position, with 35 million dollars (4%).

Source: Ambito

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