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Exports fell 14% year-on-year in March

Exports fell 14% year-on-year in March
Exports fell 14% year-on-year in March

Beef, as well as carinata and rapeseed, were the products with the greatest negative impact during the month.

Photo: Uruguay Country Brand

The exports Uruguayan sales of goods, including placements in free zones, fell almost 14% in year-on-year terms during the month of March, reporting a turnover of 893 million dollars compared to the 1,033 million dollars reported in the same period of 2023.

Without accounting for the movement in free zones, sales of goods abroad fell by up to 15%, going from 885 million dollars to 751 million dollars between March 2023 and March 2024. Beef, as well as carinata and Rapeseed were the products with the greatest negative impact during the month.

At a quarterly level, the drop compared to the first quarter of last year reaches 2% when free zones are included, going from 2,815 million dollars to 2,757 million dollars. Excluding free zones, the variation was minimal and exports went from 2,307 million dollars to 2,302 million dollars.

Wheat flew during March with a year-on-year increase in exports of up to 202%, followed by a good performance in vehicle sales, which rose 42%, and pulp, with another 9%. However, the rest of the main products suffered falls compared to the same period in 2023, highlighting 87% in carinata and rapeseed, 27% in beef and 42% in meat by-products.

News in development…

Source: Ambito

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