9.8.10

Uruguay’s exports up 23% as sales to Russia and China increase

(09/08/10) Uruguay exports went up almost 23% during the first seven months of 2010
According to the MercoPress Uruguay’s exports were up 22.78%  from January through July 2010 compared with the same seven month period in 2009. Total exports in US dollars went from 3.2 billion in 2009 to 3.9 billion in 2010.

Uruguay’s top five export partners for the first seven months of 2010
Brazil: 18.69%
Nueva Palmira: 11.91% (Nueva Palmira is a Uruguayan free zone shipping port located in the Department of Colonia on the Uruguay river, 280 kilometers west of Montevideo.)
Argentina: 7.03%
China: 6.31%
Russia: 5.5%

Uruguay’s top three exports by dollar volume for the first seven months of 2010
Meat and meat byproducts: 19%
Soybeans: 16%
Cereals: 9%

The exports that increased the most
by dollar volume for the first seven months of 2010
Wood and coal: 81%
Soybeans, seeds, and oil: 79%
Cars: 79%
Products made from rubber: 79%

Significant changes in Uruguay’s exports
for the first seven months of 2010
Russia: Exports to Russia increased 100% over the same period in 2009. Beef sales to Russia went up 60%. So far this year, Russia has purchased 31% of Uruguay's beef exports.

China:
Exports to China went up 88% in the first seven months of 2010 over the same period in 2009 (and perhaps even higher due to the likelihood that many of the goods leaving the Nueva Palmira free port may have been destined for China). China mainly purchases Uruguayan meat byproducts and wool.

United Kingdom:
Total export sales to the United Kingdom dropped 17.4%. The amount of beef sales to the United Kingdom dropped 22%.

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