Uruguay's total trade in 2024 reached $22.8B, ranking 82nd globally.
Exports from Uruguay totaled $10.2B, with Brazil being the top destination, receiving 20.1% of exports.
Imports amounted to $12.5B, with China as the leading source, providing 22.1% of total imports.
The country's trade balance was a deficit of -$2.3B in 2024.
Top exports include Meat and edible meat offal (HS2 02) at $2.3B and Wood and articles of wood (HS2 44) at $1.3B.
The leading imports were Mineral fuels (HS2 27) at $1.8B and Vehicles (HS2 87), also at $1.8B.
Uruguay's Trade Performance in 2024
In 2024, Uruguay's international trade activity involved $10.2B in exports and $12.5B in imports, creating a total trade volume of $22.8B. This positioned the country at a global trade rank of 82. The trade balance for the year was a deficit of -$2.3B. Uruguay's primary export partners were Brazil, which received exports worth $2.1B (20.1%), followed by China at $1.4B. On the import side, the top partners were China ($2.8B or 22.1% share) and Brazil ($2.7B or 21.2% share).
Uruguay's export profile in 2024 was led by agricultural and raw materials. The most significant export category was Meat and edible meat offal (HS2 02), which accounted for $2.3B or 22.0% of the total. Following this were Wood and articles of wood; wood charcoal (HS2 44) at $1.3B (12.8% share), and Oil seeds and oleaginous fruits (HS2 12) at $1.3B (12.5% share). Cereals (HS2 10) also played a crucial role, contributing $1.0B to the export earnings.
On the import side, Uruguay's primary purchases included industrial and consumer goods. The leading import category in 2024 was Mineral fuels and oils (HS2 27) at $1.8B, representing 14.6% of total imports. Vehicles other than railway (HS2 87) followed closely with imports valued at $1.8B (14.4% share). Other significant imports were Machinery and mechanical appliances (HS2 84) at $1.2B and Electrical machinery and equipment (HS2 85) at $910.7M.