Uruguay
South & Central America and the Caribbean
Trade in Uruguay
| Uruguay was the world’s 98th largest exporter of goods and 80th largest exporter of commercial services in 2022. Export values were $11.18 billion and $5.45 billion USD respectively. Uruguay’s top export category was Agricultural products, followed by Manufactures, and Chemicals. In 2022, Uruguay’s main export destination markets for goods and services trade were to China, Brazil and United States, with trade representing 57.19 per cent of GDP. In terms of imports, Uruguay is the world’s 104th largest importer of goods and 83rd largest importer of commercial services. Import values were $12.97 billion and $5.10 billion USD respectively in 2022. Uruguay’s top import category was Manufactures, followed by Machinery and transport equipment and Chemicals. Leading import partners were Brazil, China and Argentina. Uruguay is part of 8 different Regional Trade Agreements, including Latin American Integration Association (LAIA) and Latin American Integration Association (LAIA) – Accession of Cuba. |
General InformationThis section includes general information on the economy, legal system, official languages and links to additional demographic information. |
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Official Name |
Oriental Republic of Uruguay |
Abbreviation |
UY |
Capital |
Montevideo |
WTO Membership Date |
1 January 1995 |
Legal System |
civil law system based on the Spanish civil code |
Language |
Spanish |
Number of Time Zone(s) |
1 |
Additional Information | |
Financial InformationThis section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance. |
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Currency |
Uruguayan peso |
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Exchange Rate |
Google Finance Currencies |
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GTFP Confirming Banks Through the IFC's Global Trade Finance Program (GTFP) bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This extends and complements the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in challenging markets where trade lines may be limited. |
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Contact InformationThis section includes contact information for business support organizations and national resources. |
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Business Support Organizations |
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Government MSME Agency |
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Industrial Property Offices |
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SPS Enquiry Points Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements. |
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TBT Enquiry Points Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements. |
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Additional Information |
ePing alert |
Links to other helpful resourcesThis section includes additional links to trade-related resources. |
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Trade Information Portal |
https://www.uruguayxxi.gub.uy/en/ |
Last Reviewed: June, 2024
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