In its foreign trade report, the organisation noted that Uruguay shipped a total of US$60 million worth of leather in the first six months of the year, a drop of US$19 million year-on-year.

While the Uruguay XXI Institute does not reveal whether these exports were salted or tanned hides and skins, the 12-month analysis shows a downward trend for Uruguayan leather.

In June 2023, the report showed that exports of leather and leather products totalled US$9 million, a decline of 29% compared to the same month in 2022.

According to the institute, these declines come down to a drop in sales due to the global economic crisis as well as the overvaluation of the Uruguayan peso against the U.S. dollar, making production more expensive.

Source: CueroAmerica