Year-on-year inflation in Uruguay in the month of May of 2022 has been reported to still be nearly 35% above the target range set by the government of President Luis Lacalle Pou, while exports amounted to US$ 1.5 billion, which set a record high.
Uruguayan exports including duty-free zones for the month of April totaled US$ 1.115 billion, according to the Uruguay XXI Institute's monthly report released Monday.
A trade mission was held in London from 14 to 18 May to promote Uruguay to UK exporters. The mission was organized by Uruguay XXI, the investment, export and country brand promotion agency, along with the British Embassy in Montevideo, the British-Uruguayan Chamber of Commerce with the support of the UK Department for International Trade.
The mission is being organized by Uruguay XXI, the investment, export and country brand promotion agency, along with the British Embassy in Montevideo, the British-Uruguayan Chamber of Commerce and with the support of the UK Department for International Trade. The trade mission will be present between May 14/18.
Uruguayan exports in 2013 increased 4.8% in value and reached a record 9,155 billion dollars with soybean the main item and China the leading trade partner. The data was released by the government export promotion organization Uruguay XXI, which sometimes is over optimistic.
Uruguay exports increased 9% last year over 2011 reaching 8.751 billion dollars a numerical historic record according to the primary figures released by the Instituto Uruguay XXI, a government funded organization to promote foreign trade. Soybeans, beef and rice remain as Uruguay’s main export items.
Uruguay’s trade deficit soared to 549 million dollars in 2011 because of an increase in imports of 23.6%, far ahead of exports rise, 18.1%, according to the Uruguayan government foreign trade institute Uruguay XXI.