Loans grew 65% year-on-year in the first days of April, reaching a total of US$ 492.1 million.
The exports of goods without free zones They started the month in an auspicious way and totaled 492.1 million dollars in the first fortnight, which represents a year-on-year increase of 65% compared to the same period in 2023, according to data from the International Business Institute (INI) of the Catholic University of Uruguay (UCU).
For this improvement, which could be a boost after the drop in prices external sales in March that caused the first quarter to close negatively, the calendar effect must be taken into account, since the holidays for the Tourism Week, which were not there this month, unlike April 2023.
The data, obtained based on Smart Data, They were informed by the doctor in International Relations and director of the INI, Ignacio Bartesaghi, through his social network account X (formerly Twitter), who in March had anticipated the poor performance of the exports of goods without free zones, with a drop of 5.1%, which later was 27.6%.
This decrease translated into sales for a total of 1,028 million dollars in March 2023, compared to 744 million dollars last month, something driven by the calendar effect adverse, since the Tourism Week holidays impacted in 2024 and not last year.
Exports have been falling due to a lower level of sales to China
When analyzing what is happening behind the drop in exports, which fell 2% in the first quarter of the year, then maintained a positive sign during January and February. For this, the commercial relationship with China.
The Asian giant remained second, behind Brazil, as an export destination in March, but sales of $87 million in March were 50% lower than those of the same month in 2023. This situation was driven by sales of beef, that plummeted by 53%, while those of meat byproducts they fell 24%.
While, Brazil consolidates itself as the main commercial partner of Uruguay, with exports of 160 million dollars in March, driven by the improvement in sales of vehicles and wheat.
Source: Ambito
