Uruguay reported a trade deficit of $145.9 million in December 2023, narrowing from a deficit of $325.4 million in the same month the previous year. This marked the seventeenth consecutive month of a trade deficit as outbound shipments were still outweighed by imports. Exports rose by 3.1% year-on-year to $795.2 million, primarily due to a 6.5% increase in shipments of manufacturing industries. Concurrently, imports fell by 14% to $941.1 million, driven by a -21.7% decrease in inbound shipments of intermediate goods, a -10.2% reduction in purchases of capital goods, and a -4.1% decline in purchases of consumer goods. source: Banco Central del Uruguay

Uruguay recorded a trade deficit of 145902 USD Thousand in December of 2023. Balance of Trade in Uruguay averaged -73560.51 USD Thousand from 1993 until 2023, reaching an all time high of 287348.00 USD Thousand in June of 2022 and a record low of -423348.00 USD Thousand in January of 2014. This page provides - Uruguay Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Uruguay Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on February of 2024.

Uruguay recorded a trade deficit of 145902 USD Thousand in December of 2023. Balance of Trade in Uruguay is expected to be -49222.00 USD Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Uruguay Balance of Trade is projected to trend around -177346.00 USD Thousand in 2025, according to our econometric models.

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Uruguay Balance of Trade


Calendar GMT Reference Actual Previous Consensus TEForecast
2023-12-29 05:30 PM
Balance of Trade
Nov $-238.3M $-243M $-230.0M
2024-01-31 06:00 PM
Balance of Trade
Dec $-145.9M $-238.3M $ -268.3M
2024-02-29 07:30 PM
Balance of Trade
Jan $-145.9M $-110.0M


Related Last Previous Unit Reference
Balance of Trade -145902.00 -238298.00 USD Thousand Dec 2023
Current Account -1043.50 -802.10 USD Million Sep 2023
Exports 795203.00 773882.00 USD Thousand Dec 2023
Imports 941105.00 1012180.00 USD Thousand Dec 2023
External Debt 56634.28 55997.98 USD Million Sep 2023
Capital Flows 69.20 -1974.30 USD Million Mar 2023
Tourism Revenues 305044.89 277944.12 USD Thousand Sep 2023
Foreign Direct Investment -1058.31 -970.49 USD Million Mar 2023

Uruguay Balance of Trade
Uruguay exports mostly agricultural products. Shipments of livestock and products from the animal kingdom (41 percent of total exports) and products from the plant kingdom account (22 percent). Main imports are: mineral products (18 percent of total exports), machinery and electrical equipment (16 percent), chemical and industrial products (16 percent), and transportation equipment (11 percent). Main trading partners are: China (27 percent of total exports and 18 percent of imports), Brazil (17 percent of total exports and 20 percent of imports), the United States (6 percent of exports and 13 percent of imports) and Argentina (6 percent of exports and 12 percent of imports). Others include: Netherlands, Bolivia, Chile, Mexico.
Actual Previous Highest Lowest Dates Unit Frequency
-145902.00 -238298.00 287348.00 -423348.00 1993 - 2023 USD Thousand Monthly

News Stream
Uruguay Posts Trade Deficit for 17-Month
Uruguay reported a trade deficit of $145.9 million in December 2023, narrowing from a deficit of $325.4 million in the same month the previous year. This marked the seventeenth consecutive month of a trade deficit as outbound shipments were still outweighed by imports. Exports rose by 3.1% year-on-year to $795.2 million, primarily due to a 6.5% increase in shipments of manufacturing industries. Concurrently, imports fell by 14% to $941.1 million, driven by a -21.7% decrease in inbound shipments of intermediate goods, a -10.2% reduction in purchases of capital goods, and a -4.1% decline in purchases of consumer goods.
2024-01-31
Uruguay Posts Trade Deficit for 15-Month
Uruguay recorded a trade gap of $243 million in October 2023, contracting from a deficit of $348.97 million in the same month the previous year. This marked the fifteenth consecutive month of a trade deficit as outbound shipments were still outweighed by imports. Exports rose by 25.7% year-on-year to $773 million, primarily due to a 274.8% surge in shipments of primary activities and a 7.1% increase in manufacturing industries. Concurrently, imports rose by 7.5% to $1012.18 million, driven by a 16.4% increase in inbound shipments of capital goods and an 8% increase in purchases of intermediate goods, while purchases of consumer goods saw a slight decline of -2.7%.
2023-12-29
Uruguay Records Trade Gap for 14-Month
Uruguay recorded a trade gap of $243 million in October 2023, contracting from a deficit of $348.97 million in the same month the previous year. This marked the fourteenth consecutive month of a trade deficit as outbound shipments declined by 22.1% year-on-year to $744 million, primarily due to decreases in exports of manufacturing industries (-11.2%), while shipments for primary activities increased by 52.4%. Concurrently, imports fell by 2.1% to $987.52 million, driven by a decrease in inbound shipments of capital goods (-6.4%) and purchases of intermediate goods (-18.3%), while purchases of consumer goods saw a slight decline (-0.6%).
2023-11-30