Back

LatinNews Daily - 04 August 2020

In brief: Another tough month for Uruguayan exporters

* Uruguay’s national export promotion agency, Uruguay XXI, has released its latest report on foreign trade, according to which the country’s exports totalled US$659m in July, representing a 19% reduction year-on-year compared with July 2019. This decline was mostly due to reduced demand for Uruguayan soya and cellulose, with rice exports remaining strong and meat exports recovering after a difficult few months. Uruguay’s export sector has been hit hard by the global economic crisis caused by the coronavirus (Covid-19) pandemic. In the first seven months of the year, exports totalled US$4.4bn – down 17% on the same period in 2019. Cellulose, meat, and soya exports have declined the most, while rice has proved the most resilient export.

End of preview - This article contains approximately 118 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.