Trade4go Summary
In 2024, China became Uruguay's primary trading partner, with exports to China seeing a 27% increase to a total of $3.125 billion, despite China's growth challenges and a decrease in meat imports by 37%. Uruguay's exports to China included soybeans, which quadrupled, and cellulose, which increased by 53% following the full implementation of UPM 2. Additionally, Uruguay became the first country to receive authorization to export tripe to China, worth an estimated $40 million. Brazil and the European Union rounded out the top three export destinations for Uruguay. The United States saw a 37% increase in Uruguayan exports, totaling $1,192 million, driven by meat and cellulose. Turkey's market also showed a 44% increase, with cellulose and live cattle contributing to this growth.
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Original content
China has established itself as the main trading partner in 2024, with exports on the rise, with a total of 3.125 billion dollars, which represented an increase of 27% compared to last year, according to data from Uruguay XXI. The situation occurs despite the fact that the Asian giant is experiencing growth problems and decreased meat imports, which fell by 37% compared to 2023. It also occurs at a time when the Chinese government began an investigation into this product, which affects not only Uruguay, but also Argentina, Brazil and Australia. On the other hand, soybean sales stood out, quadrupling after a year marked by a historic drought, as well as cellulose sales, which increased by 53%, after the full implementation of UPM 2. Another milestone linked to China was the authorization to export tripe, with Uruguay being the first country authorized and reaching a market estimated at 40 million dollars by the National Meat Institute (INAC). Brazil and the European Union completed ...