U.S.-Uruguay Trade Facts
In 2019, Uruguay GDP was an estimated $59.9 billion (current market exchange rates); real GDP was up by an estimated 0.2%; and the population was 4 million. (Source: IMF)
Uruguay is currently our 79th largest goods trading partner with $2.1 billion in total (two way) goods trade during 2019. Goods exports totaled $1.6 billion; goods imports totaled $519 million. The U.S. goods trade surplus with Uruguay was $1.1 billion in 2019.
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' 68th largest goods export market in 2019.
- U.S. goods exports to Uruguay in 2019 were $1.6 billion, up 16.8% ($232 million) from 2018 and up 117.0% from 2009.
- The top export categories (2-digit HS) in 2019 were: mineral fuels ($373 million), machinery ($218 million), electrical machinery ($201 million), pharmaceuticals ($165 million), and perfumery, cosmetics ($131 million).
- U.S. total exports of agricultural products to Uruguay totaled $93 million in 2019. Leading domestic export categories include: vegetable oils (ex. soybean) ($11 million), prepared food ($10 million), sugar, sweeteners, beverages bases ($8 million), dairy products ($6 million), and chocolate & cocoa products ($5 million).
Imports
- Uruguay was the United States' 91st largest supplier of goods imports in 2019.
- U.S. goods imports from Uruguay totaled $519 million in 2019, up 2.2% ($11 million) from 2018, and up 117.0% from 2009.
- The top import categories (2-digit HS) in 2019 were: meat (beef) ($211 million), wood and wood products ($54 million), prepared meat and fish (prepare or preserved meat) ($51 million), optical and medical instruments ($45 million), and edible fruit & nuts (citrus, fresh, dried) ($31 million).
- U.S. total imports of agricultural products from Uruguay totaled $339 million in 2019. Leading categories include: red meats, fresh, frozen, or chilled ($210 million), red meats, prepared or preserved ($52 million), other fresh fruit ($31 million), essential oils ($14 million), and planting seeds ($8 million).
Trade Balance
- The U.S. goods trade surplus with Uruguay was $1.1 billion in 2019, a 25.3% increase ($221 million) over 2018.
Investment
- U.S. foreign direct investment (FDI) in Uruguay (stock) was $999 million in 2019, a 7.5% decrease from 2018. There is no information on the distribution of U.S. FDI in Uruguay.
- Uruguay's FDI in the United States (stock) was $686 million in 2019, up 27.5% from 2018. There is no information on the distribution of Uruguay FDI in the U.S.
NOTE: No services trade data with Uruguay are available.
