Uruguayan Exports Grow in 2024

According to data released on January 3, Uruguayan exports, including those from free trade zones, grew by 13 percent in 2024 compared to the previous year. The Uruguay XXI Institute reported that foreign sales totaled $12.845 billion in the year.

During this period, pulp exports increased significantly, driven by operations at UPM’s new plant in Paso de los Toros and a recovery in soybean shipments following the drought that affected the 2022-2023 harvest.

The chart below illustrates Uruguay’s container exports and imports in the period comprising January to November between 2021 and 2024. The data was extracted from DataLiner.

Container Exports & Imports | URU | Jan-Nov 2021 through Jan-Nov 2024 | TEUs

Source: DataLiner (click here to request a demo)

Pulp was the top export item, benefiting from higher volumes and better prices in the global market.

This led to sales of $2.545 billion between January and December 2024, reflecting an annual growth of 35%.

Beef ranked second, with exports totaling $2.26 billion, a two percent decline compared to 2023.

Soybeans were third, with sales reaching $1.199 billion and a near 200% recovery in value.

China remains the primary market for Uruguayan exports, accounting for 24% of the total and valued at $3.125 billion, a 27% increase.

These figures are attributed to higher purchases of soybeans and pulp, although beef exports to China dropped by 37% last year.

Brazil was the second-largest market, with sales of $2.303 billion. This represents an 18% share of total exports and a 5% increase from the previous year.

Vehicle exports were the leading item sold to Brazil, amounting to $449 million.

Source: Prensa Latina

Click here to read the original article: https://www.prensalatina.com.br/2025/01/03/as-exportacoes-uruguaias-cresceram-em-2024/

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