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Uruguay

Uruguay Flag

U.S.-Uruguay Trade Facts 

In 2017, Uruguay GDP was an estimated $58.4 billion (current market exchange rates); real GDP was up by an estimated 3.1%; and the population was 3 million. (Source: IMF)

Uruguay is currently our 78th largest goods trading partner with $2.2 billion in total (two way) goods trade during 2017. Goods exports totaled $1.6 billion; goods imports totaled $584 million. The U.S. goods trade surplus with Uruguay was $1.0 billion in 2017.

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' 65th largest goods export market in 2017. 
  • U.S. goods exports to Uruguay in 2017 were $1.6 billion, up 43.5% ($485 million) from 2016 and up 149.6% from 2007.  
  • The top export categories (2-digit HS) in 2017 were: mineral fuels ($397 million), electrical machinery ($215 million), machinery ($215 million), perfumery, cosmetics ($127 million), and toys and sports equipment ($87 million). 
  • U.S. total exports of agricultural products to Uruguay totaled $73 million in 2017. Leading domestic export categories include: prepared food ($6 million), sugar, sweeteners, bev. bases ($5 million), chocolate & cocoa products ($4 million), snack foods nesoi ($4 million), and dairy products ($4 million.

Imports

  • Uruguay was the United States' 85th largest supplier of goods imports in 2017. 
  • U.S. goods imports from Uruguay totaled $584 million in 2017, up 9.4% ($50 million) from 2016, and up 18.7% from 2007.  
  • The top import categories (2-digit HS) in 2017 were: meat (beef) ($199 million), art and antiques ($64 million), prepared meat and fish (prepared or preserved meat) ($41 million), wood and wood products ($39 million), and special other (returns) ($38 million). 
  • U.S. total imports of agricultural products from Uruguay totaled $329 million in 2017. Leading categories include: red meats, fr/ch/fr ($197 million), red meats, prep/pres ($43 million), other fresh fruit ($36 million), planting seeds ($9 million), and cheese ($5 million).

Trade Balance

  • The U.S. goods trade surplus with Uruguay was $1.0 billion in 2017, a 74.9% increase ($435 million) over 2016.

Investment

  • U.S. foreign direct investment (FDI) in Uruguay (stock) was $1.6 billion in 2017, 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, 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