Favorable first semester for meat exports in Uruguay

Frozen Bone-In Beef
Published Aug 1, 2022

Tridge summary

The foreign exchange generated by the export of Uruguayan meat grew US$ 595 million, which represents 50% more in the first semester compared to the same date of the previous year, as confirmed by the National Meat Institute (INAC). The sector generated US$ 1,799 million as of June. Comparing that figure to the first half of 2020, the increase was $912 million.

Original content

According to INAC, US$ 1,063 million come from China, the main destination measured in volume for Uruguayan meats and offal. This destination shows an increase of 63% in the improvement of income compared to 2021 and places it as the main commercial partner with 59% of the total. In turn, Canada, Mexico and the United States, a block previously known as Nafta and the current free trade agreement known as USMCA, accounted for 13% of revenues, followed by the European Union with 12%, while Mercosur is consolidated as the fourth destination with 5% of foreign exchange generation. Beef. The most relevant product continues to be beef, which represented 83% of revenues, generating US$ 1,496 million and, in turn, marking a growth of 56% equivalent to US$ 535 million compared to 2021, as shown by the INAC report corresponding to the first semester of the year. Measuring the volume exported to China, there was an 81.3% increase in revenue, equivalent to US$404 million more compared to 2021 ...
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