New Dataliner data shows substantial growth in YTD Uruguayan imports

While imports from the East Coast of South America remained practically stable in October compared to the same month in 2020, Uruguay registered a 54% growth during the same period according to recent DataLiner data for October 2021.

Imports via container from the East Coast of South America reached 284,870 TEU in October compared to 283,059 TEU in the same month of 2020, a small growth of 0.6%.

In the accumulated result for the first ten months of 2021, imports from the East Coast reached 2,950,121 TEU, an increase of 24% compared to 2020 and an increase of 10% compared to 2019.

South America East Coast Imports Jan to Oct 2019-2021 | TEU

Source: DataLiner (click here to request a demo)

In the opposite direction, the East Coast countries exported 312,896 TEU in October 2021, a decrease of 4.8% compared to the same month in 2020

In the accumulated result for the first ten months of the year, 3,004,399 TEU were exported, an increase of 2.5% compared to the same period in 2020.

South America East Coast Exports Jan to Oct 2019-2021 | TEU

Source: DataLiner (click here to request a demo)

It is worth noting that in the first months of the year there was a recovery in foreign trade, which suffered from the consequences of the pandemic caused by Covid-10 in 2020. In recent months, however, several factors hampered the growth of imports and exports, such as the shortage of containers, the high cost of freight and the disorganization of world trade.

Uruguay stands out in the region

Unlike other countries on the East Coast of South America, Uruguay maintained considerable growth in both imports and exports.

In the October 2021/2020 comparison, imports grew 54%. In the accumulated result for the first ten months of the year, the growth was 29%.

Uruguay Imports | Jan to Oct 2019-2021 | TEU

Source: DataLiner (click here to request a demo)

The biggest increases in products imported by Uruguay are related to fuels and mineral oils, the automotive sector, and materials such as iron and aluminum.

Uruguayan exports in October grew 24% compared to the same month in 2020. In the accumulated result for the first ten months of the year, growth was 9%. Meat and wood drove export growth.

Uruguay Exports | Jan to Oct 2019-2021 | TEU

Source: DataLiner (click here to request a demo)

For the next few months, the region’s foreign trade should be affected by factors such as the elections in Brazil and the consequences on international trade from the Ômicron variant.

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