Economy

• Saturday, January 7th 2023 - 06:55 UTC

  Uruguay goods' exports up 16,5% in value year to year and reach US$ 13,36bn

  

  Uruguay’s goods exports grew 16.5% in value during the past year, to reach a record high of US$ 13.36 billion, according to the country's trade promotion agency.

• Friday, January 6th 2023 - 19:33 UTC

  Argentina lifts export duties for automotive exports

  

  Argentina's Economy Sergio Massa has announced that exports linked to the so-called automotive chain will not be charged in 2023 the additional duties applicable to other products sold abroad. Automotive exports are expected to grow between 10 and 15% this year after a 23.5% output increase in 2022.

• Friday, January 6th 2023 - 09:59 UTC

  Argentines flock to Chile to buy new tires

  

  Argentine drivers are flocking across the Andes into Chile for the summer vacations and also to purchase new tires which are in short supply nationwide and sell for up to twice as much, it was reported.

• Friday, January 6th 2023 - 09:51 UTC

  Shortages forecast in Argentina due to restrictions on input imports

  

  Argentina's Chamber of Chemical Products warned that due to the restrictions on imports, some critical inputs have been arriving in the country in smaller quantities, which might result in shortages of medicines, soft drinks, and shampoo, among other items.

• Thursday, January 5th 2023 - 22:10 UTC

  Uruguay's unemployment in 2022 below pre-pandemic times

  

  According to Uruguay's Labor Ministry data released Wednesday, unemployment in the South American country during 2022 was lower than that of times before the Covid-19 pandemic broke out.

• Wednesday, January 4th 2023 - 21:16 UTC

  Brazilian VP says tax reform key to reindustrialization

  

  Brazilian Vice President Geraldo Alckmin insisted Tuesday that reshaping the country's tax scheme was vital to the reindustrialization of South America's largest economy.

• Wednesday, January 4th 2023 - 12:52 UTC

  Latin America forecasted to expand 1,3% in 2023, after growing 3,7% last year, ECLAC report

  

  In its annual report Preliminary Overview of the Economies of Latin America and the Caribbean, the UN Economic Commission for Latin America and the Caribbean, ECLAC projects that regional growth next year will be a third of the rate forecast for 2022.

• Wednesday, January 4th 2023 - 12:41 UTC

  Brazil ended 2022 with a US$ 62bn surplus and overall trade turnover plus US$ 600bn

  

  Brazil's trade balance closed the year 2022 at a record surplus of US$ 62.3 billion. Compared with the previous year, when the positive balance totaled US$ 61.4 billion, there was an increase of 1.5%.

• Wednesday, January 4th 2023 - 10:11 UTC

  Debt swap brings relief to Argentina's coffers

  

  The Argentine government has successfully undertaken a debt swap in local pesos worth about US$ 16.813 billion, thus extending large maturities scheduled for the first quarter of the year, it was announced.

• Tuesday, January 3rd 2023 - 23:02 UTC

  Not bananas: shrimp now Ecuador's second-most-exported product

  

  After a steady growth since 2018, shrimp has taken over as Ecuador's second-most exported item behind oil, thus toppling bananas from a notch they had held for quite a while, it was reported in Quito.