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Uruguay

U.S.-Uruguay Trade Facts 

In 2018, Uruguay GDP was an estimated $60.2 billion (current market exchange rates); real GDP was up by an estimated 2.1%; and the population was 4 million. (Source: IMF)

Uruguay is currently our 81st largest goods trading partner with $2.0 billion in total (two way) goods trade during 2018. Goods exports totaled $1.4 billion; goods imports totaled $509 million. The U.S. goods trade surplus with Uruguay was $937 million in 2018.

According to the Department of Commerce, U.S. exports of goods to Uruguay supported an estimated 5 thousand jobs in 2015 (latest data available).

Exports

  • Uruguay was the United States' 70th largest goods export market in 2018.
     
  • U.S. goods exports to Uruguay in 2018 were $1.4 billion, down 9.6% ($154 million) from 2017 but up 61.9% from 2008.
     
  • The top export categories (2-digit HS) in 2018 were: electrical machinery ($231 million), machinery ($216 million), mineral fuels ($179 million), pharmaceuticals ($147 million), and perfumery, cosmetics ($125 million).
     
  • U.S. total exports of agricultural products to Uruguay totaled $77 million in 2018. Leading domestic export categories include: prepared food ($7 million), sugar, sweeteners, bev. bases ($7 million), vegetable oils (ex. soybean) ($6 million), dairy products ($5 million), and chocolate & cocoa products ($4 million).

Imports

  • Uruguay was the United States' 89th largest supplier of goods imports in 2018.
     
  • U.S. goods imports from Uruguay totaled $509 million in 2018, down 12.9% ($75 million) from 2017, but up 108.3% from 2008. 
     
  • The top import categories (2-digit HS) in 2018 were: meat (beef) ($194 million), wood and wood products ($45 million), prepared meat and fish (prepared or preserved meat) ($45 million), optical and medical instruments ($43 million), and edible fruit & nuts (citrus, fresh, dried) ($36 million).
     
  • U.S. total imports of agricultural products from Uruguay totaled $315 million in 2018. Leading categories include: red meats, fr/ch/fr ($193 million), red meats, prep/pres ($46 million), other fresh fruit ($36 million), essential oils ($8 million), and planting seeds ($7 million).

Trade Balance

  • The U.S. goods trade surplus with Uruguay was $937 million in 2018, a 7.7% decrease ($79 million) over 2017.

Investment

  • U.S. foreign direct investment (FDI) in Uruguay (stock) was $1.6 billion in 2017 (latest data available), a 28.6% decrease from 2016. There is no information on the distribution of U.S. FDI in Uruguay.
     
  • Uruguay's FDI in the United States (stock) was $82 million in 2017 (latest data available), down 81.9% from 2016. There is no information on the distribution of Uruguay FDI in the U.S.

NOTE: No services trade data with Uruguay are available.

 

U.S.-Uruguay TIFA

U.S.-Uruguay TIFA Protocol on Trade and Environment

U.S.-Uruguay TIFA Protocol on Trade Facilitation