The exports industrial companies accumulate a drop of 12.2% so far this year when compared to the same period in 2022, according to a report carried out by the Chamber of Industries of Uruguay (CIU), with declines in both sales of manufactured goods of industrial origin and those linked to the agro.
From the survey of the CIU It is also clear that loans in the sector fell 2% year-on-year in October, after having totaled 566 million dollars. Thus, it accumulates losses in the exports throughout 2023, with its maximum peak in the second quarter, when losses were above 20%, in a context where more declines are expected.
Regarding the placements of Manufactures of Industrial Origin (MOI), stood at 151 million dollars in October, which meant a year-on-year drop of 2.3%. In this way, the decrease so far in 2023 reached 6%.
Sales of basic chemical substances were the ones that increased the most last month, while among the falls were exports vehicle manufacturing automotive, Manufacturing of products plastic and manufacturing of soaps and detergents, preparations for cleaning and polishing, perfumes and toiletries.
With respect to automobiles, the decrease was from 43 million to 35 million dollars, due to the decrease in the sale of vehicles for the transportation of goods by Ford Uruguay toward Brazil.
With respect to the Manufactures of Agricultural Origin (MOA), the report of the CIU specified that the exports They were for 415 million dollars in October, which represents a drop of 1.9% compared to the same month in 2022. In this way, they registered a decrease of 14.3% so far in 2023.
This negative behavior was verified in the production of products. dairy (-8.9%), Tanning and marinade leathers (-29.6%) and Refrigerators (-1.4%).
On the other hand, the Placements of Elaboration of prepared animal feed They were dynamic, going from 0.3 million in October 2022 to 4 million dollars last month.