The natural catastrophe is expected to negatively impact the next shipment data to the main destination of Uruguayan placements in Brazil.
The exports to the Brazilian state of Rio Grande do Sul They fell 4% year-on-year in the first quarter and there is concern in the national export sector, which is already waiting with discouragement for the next shipment data to the main destination of Uruguayan placements in Brazil after the historic floods.
Until the month of April, prior to the climate catastrophe, Uruguayan placements to the bordering state had an interannual contraction of 4%, where the main exported products were rice by 22%; dairy products by 18%; articles for transport or packaging by 9% and barley by 7%.
The conditions for the sale of dairy products to Brazil continue to be unfavorable for Uruguayand these fell by up to 48% in the Gaucho territory.
In the year 2023, the exports goods to Rio Grande do Sul totaled 408 million dollars FOB—free on board—, representing 19% of total shipments to Brazilwhich in turn accounts for 20% of total Uruguayan placements globally.
During last year, milk and cream led the turnover by exports by covering 31%; followed by rice at 26%; and items for transportation or packaging completed the podium, with 7%.
Deficit in the trade balance with Rio Grande do Sul
In turn, imports from that state totaled 533 million dollars (excluding the import of oil and derivatives) and grew 6% year-on-year during the first four months. The most purchased products were yerba mate by 12%; automobiles by 10%; harvesting and threshing machines and devices by 6%; and tractors by 4%.
Almost all of the exports Uruguayan goods enter Rio Grande do Sul by land, as do 94% of sales to the state of St. Catarina and 54% of those who are going to Sao Paulo.
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Source: Ambito
