* 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.
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