Uruguay world map

Trade in Uruguay

Uruguay was the world’s 88th largest exporter of goods and 73rd largest exporter of commercial services in 2021. Export values were $9.5 and $3.7 Billion USD respectively. Uruguay’s top export category was agricultural products, followed by manufactures, and fuels and mining products. In 2020, Uruguay’s main export destination markets for goods and services trade were to China, Brazil and the United States, with trade representing 45.82 per cent of GDP. In terms of imports, Uruguay’s import values were $10.3 and $3.9 Billion USD respectively in 2021. Uruguay’s top import category was manufactures, followed by fuels and mining products and agricultural products. Leading import partners were Brazil, China and Argentina. Uruguay is part of 8 different Regional Trade Agreements, such as Latin American Integration Association (LAIA) and Mexico – Uruguay.
Regional Trade Agreements Database

General Information

This section includes general information on the economy, legal system, official languages and links to additional demographic information.

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 Information

This section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance.

Currency

Uruguayan peso

Exchange Rate

Google Finance Currencies

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.
  • Banco Bilbao Vizcaya Argentaria Uruguay SA - Montevideo, Uruguay - SWIFT: BFUYUYMMXXX

  • Banco Itau Uruguay SA - Montevideo, Uruguay - SWIFT: ITAUUYMM

  • Banco Santander Uruguay SA - Montevideo, Uruguay - SWIFT: BSCHUYMM

  • BankBoston NA Montevideo - Montevideo, Uruguay - SWIFT: FNBBUYMM

  • Citibank NA Uruguay - Montevideo, Uruguay - SWIFT: CITIUYMM

  • Credit Uruguay Banco SA - Montevideo, Uruguay - SWIFT: AGRIUYMM

  • Nuevo Banco Comercial SA - Montevideo, Uruguay - SWIFT: COMEUYMM

Contact Information

This section includes contact information for business support organizations and national resources.

Business Support Organizations

  • URUGUAY XXI Promoción de Inversiones y Exportaciones

    Trade promotion organization (TPO)

    [email protected]

Government MSME Agency

  • National Economic Development Agency (ANDE)

    -

  • Direccin Nacional de la Pequea and Mediana Empresa - DINAPYME (National Directorate of Small and Medium-Sized Enterprises)

Industrial Property Offices

  • National Directorate of Industrial Property

  • Ministry of Industry, Energy and Mining (DNPI)

SPS Enquiry Points

Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements.
  • Ministerio de Relaciones Exteriores
    Dirección General para Asuntos Económicos Internacionales
    Dirección de Organismos Económicos Internacionales
    Phone: +(59 82) 902 0618

    Colonia 1206, 4° piso

    [email protected]

TBT Enquiry Points

Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements.
  • Ministerio de Economía y Finanzas

    Asesoría de Política Comercial

    Phone: +(598) 1712 4319

    Website: http://apc.mef.gub.uy

    Colonia 1206 -2º Piso

    Código Postal 11.100

    Montevideo - Uruguay

    [email protected]
  • Dirección General para Asuntos Económicos Internacionales
    Ministerio de Relaciones Exteriores
    Phone: +(598 2) 902 06 18

    Colonia 1206
    Montevideo

    [email protected]

Additional Information

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Links to other helpful resources

This section includes additional links to trade-related resources.

Trade Information Portal

https://www.uruguayxxi.gub.uy/en/

Last Reviewed: June, 2023

Businesses & Entrepreneurs

Find a concise overview of key aspects of international trade for micro, small, and medium-sized enterprises with our Businesses & Entrepreneurs Guides.

Policymakers & Researchers

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Simplify your market research with an integrated source of trade intelligence, for firms of all sizes, even the smallest. The Global Trade Helpdesk, an initiative by the International Trade Centre, the United Nations Conference on Trade and Development, and the World Trade Organization, provides market intelligence for companies looking to trade in an easy-to-use online tool.