Uruguayan exports in the month of October 2022 totaled USD 842 million, which represented a year-on-year drop of 6%, official sources reported this Tuesday (02.10.2022).
This reduction is mainly explained by the Lower sales of beef to China (43%), the Uruguay XXI Institute indicated in its foreign trade report. This fall was accompanied by exports of meat by-products, cellulose and wood.
Likewise, the country's investment, export and image promotion agency noted that in the cumulative January-October, Exports of goods (including free trade zones) grew by 27%, totaling US$ 11.262 million.
The main products The top export products of the month were beef (USD 186 million), cellulose (USD 117 million), dairy products (USD 74 million, up 16%), beverage concentrate (USD 55 million, up 4%) and meat by-products (USD 47 million).
Regarding destinations, Brazil maintained its first place in the ranking (21%). China remained in second place in the ranking (16%). The European Union It was the third export destination in October 2022 (9%). United Kingdoms ranked fourth (8%) and Argentina was ranked fifth in the ranking of destinations (5%).
Energy transition
The October 2022 Foreign Trade report also analyzes the energy transition in Uruguay. In this regard, it highlights that it is the second country in the world with the highest participation de variable renewable energies. And it is a world leader along with Denmark, Ireland and Portugal in wind energy production.
Finally, the organization announces that in a second phase Uruguay will include the development of the green hydrogen value chain and its derivatives.Monthly Foreign Trade Report, October 2022)
Aduana News is the first Argentine customs newspaper to launch its digital version. With 20 years of experience, its publications and initiatives aim to provide the most relevant knowledge on customs issues in order to contribute to safe trade in the region.
