Uruguayan exports fall for the 2nd month in a row

Uruguayan exports in the month of October 2022 totaled US$ 842 million, which represented a 6% year-on-year drop, it was reported Tuesday in Montevideo. According to the Uruguay XXI Institute, the fall is mainly explained by lower sales of beef -mainly to China- which could not be compensated by the increases in exports of vehicles, rice, and dairy products. Between January and October 2022, sales abroad including duty-free zones grew 27%, totaling US$ 11,262 million, the export, investment, and country brand promotion agency Uruguay XXI Institute also pointed out.

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