Uruguay’s September beef exports up 102% over last year

RIO DE JANEIRO, BRAZIL – The report details that exports in the month totaled US$1.08 billion and US$7.9 billion year-to-date, reflecting an increase of 34.7% compared to the same period in 2020, a year marked by the Covid-19 pandemic.

The goods of “greater positive incidence” explaining the annual variation were beef, cellulose, wood, electric power, beverage concentrate and meat by-products, while the document highlights that exports of barley, wool fat, wool and fabric, live cattle and hides also increased.

The main destination of Uruguayan exports is still China (35%), followed by Brazil (19%), the European Union (9%) and the United States (9%).

Beef was the leading export product with a value of US$259 million, representing an increase of 102% over last year, followed by cellulose with US$189 million and an increase of 94%, and dairy products with a value of US$76 million, up 5%.

In addition, sales of beverage concentrates totaled US$65 million, an increase of 53%, and wood, US$54 million, up 122%.

Uruguay XXI also highlights as “topic of the month” the forecast that Uruguayan exports in 2021 will total approximately US$10.5 billion, representing an increase of over 30% compared to 2020, and one of the highest export records in the past 20 years.

In addition, beef exports increased by 48.9% in the first 9 months of the year, reaching 465,000 tons and revenues of US$1.9 billion, compared to US$1.3 billion recorded in the same period of 2020.

Regarding the average export price, Uruguay sold meat at US$4,050 per ton, when in the same period of 2020 the average stood at US$3,645, up 11.1%.

In terms of volume, from January through mid September 2021, over 465,000 tons were shipped, marking a 33.9% increase compared to last year’s 347,600 tons. Compared to 2019, there was a 25.15% increase in revenues from beef exports.

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