Trade Trend

In 2023, Uruguay's total export value is 10.76Billion USD, total import value is 13.29Billion USD, Deficit is -2.53Billion USD, and foreign trade dependency is 0.311. In 2023，Uruguay's top export products are Meat of bovine animals; frozen(1.70Billion USD), Wood in the rough, whether or not stripped of bark or sapwood, or roughly squared(1.28Billion USD), Electrical energy(887.49Million USD), top export destinations are Brazil(2.60Billion USD), China(1.61Billion USD), United States(781.57Million USD). In 2023, Uruguay's top import products are Petroleum oils and oils obtained from bituminous minerals; crude(856.17Million USD), Electrical energy(843.95Million USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(768.95Million USD), top import origins are Brazil(3.39Billion USD), China(2.41Billion USD), Argentina(1.56Billion USD).

Comparing to 2022, Uruguay's total export value decreased -1.54Billion USD(-12.52%) in 2023, this could result from its export decreases of products such as Soya beans, whether or not broken(-1.51Billion USD or -77.85%), Meat of bovine animals; frozen(-476.15Million USD or -21.84%), Milk and cream; concentrated or containing added sugar or other sweetening matter(-41.87Million USD or -6.39%) and export decreases to countries/economics such as None(-997.38Million USD or -62.08%), China(-868.80Million USD or -35.09%), Argentina(-300.00Million USD or -34.64%). Comparing to 2022, Uruguay's total import value increased 238.86Million USD(1.83%) in 2023, this could result from its import increases of products such as Electrical energy(795.95Million USD or 1.66Thousands%), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(431.83Million USD or 128.10%), Maize (corn)(136.78Million USD or 197.27%), and its import increases from countries/economies such as Brazil(805.80Million USD or 31.24%), Netherlands(126.38Million USD or 154.00%), Saudi Arabia(122.57Million USD or 346.66%).

Cumulated to first 7 months of 2024, Uruguay's total export value is 6.06Billion USD, total import value is 6.60Billion USD, and tradedeficit is -544.72Million USD. Cumulated to first 7 months of 2024, Uruguay's top export products are Meat of bovine animals; frozen(808.49Million USD), Soya beans, whether or not broken(714.52Million USD), Wood in the rough, whether or not stripped of bark or sapwood, or roughly squared(690.27Million USD), and top export destinations are Brazil(1.48Billion USD), China(771.58Million USD), None(684.32Million USD). Cumulated to first 7 months of 2024, Uruguay's top import products are Meat of bovine animals; frozen(808.49Million USD), Soya beans, whether or not broken(714.52Million USD), Wood in the rough, whether or not stripped of bark or sapwood, or roughly squared(690.27Million USD), and top import origins areBrazil(1.86Billion USD), China(1.22Billion USD), Argentina(688.97Million USD).