Uruguayan exports increased 15 percent, with China as the main buyer
China
Uruguay
Published Mar 12, 2021
Tridge summary
Uruguayan exports experienced an increase of 15% in January and February 2021 compared to the same period in 2020, while the amount of sales to China rose 79% in the second month of the year compared to the same period last year. According to the report released by the Union of Exporters of Uruguay (UEU).
Original content
Uruguay's export requests, including free zones, totaled US $ 690 million, which implies an increase of 17.6% in interannual terms, while in the accumulated of the first two months of the year, exports totaled US $ 1,345 million, almost 15% above what was exported in January-February 2020. The increase in exports is explained by the increase in sales of meat by-products, wheat, dairy products, wood, cellulose, margarine and oils, other foods and vehicles, while rice, fish and seafood, energy and beverage concentrate had a negative impact compared to last year. When analyzing exports by destination, it is observed that China was the main export market, standing at US $ 122 million - 79% higher than February 2020 - representing 25% of total exports of goods. This increase is explained by the higher placements of bovine meat –mainly frozen meat-, reaching US $ 67 million in February 2021 compared to US $ 46 million in February 2020. Brazil had a 23% share in Uruguayan exports, ...
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