Uruguay exports rise 10% in September led by soybean growth

Uruguay's exports rose by 10% in September, reaching US$ 1.398 billion, according to a report by Uruguay XXI. Soybeans were the leading export product, generating US$ 276 million, a 38% year-on-year increase. Other notable exports included beef (US$ 233 million), cellulose (US$ 196 million), dairy products (US$ 80 million), and beverage concentrates (US$ 79 million).

China was the primary destination for Uruguayan goods, accounting for 29% of exports, followed by Brazil (14%), the European Union (13%), and the United States (11%). From January to September, total exports reached US$ 10.372 billion, representing a 1% increase compared to the same period last year.

In separate economic news, Uruguay's real wages increased by 1.28% in August compared to the previous year, based on data from the National Institute of Statistics (INE). The average wage index rose 5.89% over the last 12 months, while the consumer price index stood at 4.55%. The private sector saw a real wage increase of 1.60% over the last year, while the public sector saw a 0.73% increase.