Uruguay exports grew up to 16% in FY 2022
Uruguay is a progressing economy. Uruguay exports have propelled over the years. According to the Uruguay customs data reports, the exports were only $9.5 billion during FY 2021. Whereas, during FY 2022, the exports were recorded to be $12 billion with over 16% increase as compared to previous year. This is the highest value of exports ever reached by Uruguay. Uruguay’s majority of the exports were to China. As per Uruguay import export data , China has imported over 2.5 billion dollars worth of goods from Uruguay having over 20% share in the country’s overall exports. Bovine meat was the most demanded item from Uruguay in the Chinese market. It had over 40% share in Uruguay's overall exports during FY 2022. Soybean was the second most imported goods by China from Uruguay. Uruguay export data shows that over $478 million worth of soybeans were imported in China. Chemical woodpulp, edible offal, goat meat, fuel wood, wool, precious stones were other major imports mad...