Brazil continues to consolidate itself as the main destination of Uruguayan exports, with a 26% year-on-year increase in placements in January, which led it to distance itself from the second economic partner, China, whose sales fell 6% compared to the same period in 2023.
According to the foreign trade report of Uruguay XXI, sales to the neighboring country They represented 22% of the total in the first month of the year, for a total of 173 million dollars.
In this regard, exports of malt, which increased by 73%, as well as those of vehicles and beef, which improved by 62% and 59%, respectively. The 21% increase in sales of rice.
While on the debit side those of dairy products, with a decrease of 13%, marking a different direction than in 2023, when, according to data from the National Milk Institute (Inale) Placements in this area grew by 50% compared to 2022, thanks to higher sales of whole milk powder, skimmed milk powder and cheese.
Exports to China fell
In parallel, the exports to China They fell 6% year-on-year in January, totaling 100 million dollars. In any case, the Asian giant is the second economic partner, with 13% of the total.
According to the report, the main responsible for the fall of this market was the atypical sale of barley registered in January 2023, which failed to be sustained. However, sales of dairy, going from 5 million dollars to 0.3 million; and those of wood, with a decrease of 37%.
On the other hand, the placements of wool and fabrics showed a significant increase of 143%, going from 3 million dollars in January 2023 to 7 million last month, within the framework of the strategic alliance with the Asian giant.
How were sales to the United States, the EU and Argentina?
On the other hand, exports to USA They grew by 48% and totaled 70 billion dollars, completing the podium and representing 9% of the total. The improvement was due to the 86% increase in the beef, followed by the meat by-products, which increased by 32%.
Meanwhile, the European Union It ranked fourth, with 6% of the total, that is, about 49 million dollars. That figure represented a decrease of 34% year-on-year, with the rape as the main person responsible for the fall, going from $27 million in January 2023 to no sales last month.
Finally, Argentina It completed the top 5, with placements of 26 million dollars, a decrease of 20% year-on-year. The vehicles, that went from sales of 4.5 million dollars to one million, while paints and oils they fell 35% and 31%, respectively.
Source: Ambito
