In four months Uruguay exports fell faster than imports: billion dollar deficit
2013-06-03 17:39:09
The situation is even more negative when analyzing the trend in April, because exports dropped 6% and imports climbed 11.6%, which means the month’s deficit reached 241 million dollars.
In the first quarter of the year exports dropped 9.4% totalling 2.36 billion dollars, according to the Central bank.
The drop in exports in 2013 is attributed to the fall of produce related to commodities, which descended 28.4% in the four months, and have 6.6 percentage points incidence on the overall fall of 9.4%.
More specifically exports of grains and oilseeds were down 35.1% in the four month period compared to a year ago, while exports from forestry: paper, pulp, wood, suffered an 18.8% decline.
Manufacturing overseas sales dropped 3.7% in the four months with an 2.8 percentage points incidence in the main indicator.