Uruguay posted a trade deficit of 269.1 USD million in April of 2023, widening from a trade shortfall of 43.9 USD million in the same month of the prior year. It marked the eighth consecutive month of recording trade deficits and the biggest one since November 2022. Outbound shipments dropped 25.4% year-on-year to 643.2 USD million led by declines in exports of primary activities (-33%) and manufacturing industries (-22.8%). On the other hand, imports rose by 0.7% to 912.3 USD million driven by an increase in inbound shipments of consumer goods (+13.7%) and capital goods (+5.4%). source: Banco Central del Uruguay

Balance of Trade in Uruguay averaged -68604.24 USD Thousand from 1993 until 2023, reaching an all time high of 677818.00 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 June of 2023.

Balance of Trade in Uruguay is expected to be -83139.00 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 -517582.00 USD Thousand in 2024 and -537346.00 USD Thousand in 2025, according to our econometric models.

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Uruguay Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2023-04-28 07:00 PM Mar $-167.5M $-104.8M $ -410.7M
2023-05-31 09:00 PM Apr $-269.1M $-167.5M $-172.0M
2023-06-30 09:00 PM May


Related Last Previous Unit Reference
Balance of Trade -269140.00 -167499.00 USD Thousand Apr 2023
Current Account -1088.00 -148.50 USD Million Dec 2022
Exports 643245.00 911866.00 USD Thousand Apr 2023
Imports 912386.00 1079365.00 USD Thousand Apr 2023
External Debt 55540.60 53113.61 USD Million Dec 2022
Capital Flows -1936.00 -661.00 USD Million Dec 2022
Tourism Revenues 450961.93 295347.14 USD Thousand Dec 2022
Foreign Direct Investment -930.00 -1073.00 USD Million Dec 2022

Uruguay Balance of Trade
Uruguay exports mostly agricultural products. Shipments of meat, vegetables, rice and dairy products account for 52 percent of total exports. Main imports are: industrial supplies, crude and refined oil and machinery and equipment. Main trading partners are: Brazil (20 percent of total exports and 19 percent of imports) and Argentina (8 percent of exports and 18 percent of imports). Others include: China, United States, Venezuela and Germany.
Actual Previous Highest Lowest Dates Unit Frequency
-269140.00 -167499.00 677818.00 -423348.00 1993 - 2023 USD Thousand Monthly

News Stream
Uruguay Trade Gap Widens Further in April
Uruguay posted a trade deficit of 269.1 USD million in April of 2023, widening from a trade shortfall of 43.9 USD million in the same month of the prior year. It marked the eighth consecutive month of recording trade deficits and the biggest one since November 2022. Outbound shipments dropped 25.4% year-on-year to 643.2 USD million led by declines in exports of primary activities (-33%) and manufacturing industries (-22.8%). On the other hand, imports rose by 0.7% to 912.3 USD million driven by an increase in inbound shipments of consumer goods (+13.7%) and capital goods (+5.4%).
2023-05-31
Uruguay Trade Gap Widens in March
Uruguay recorded a trade deficit of 167.5 USD million in March of 2023, compared to a trade shortfall of 146.1 USD million in the same month of the prior year. It marked the seventh consecutive month of recording trade deficits as imports rose at a faster pace than exports. Outbound shipments rose 5.7% year-on-year to 911.9 USD million led by an increase in exports of manufacturing industries (+6.5%) and primary activities (+2.2%). Imports also jumped by 7% to 1079.4 USD million driven by a rise in imports of consumer goods (+17.1%) and capital goods (+17.1%).
2023-04-28
Uruguay Balance of Trade Narrows in February
Uruguay recorded a trade deficit of 104.8 USD million in February of 2023, compared to a trade shortfall of 101.2 USD million in the same month of the prior year. It was the sixth consecutive month of recording trade deficits albeit the narrowest. Exports fell 3.9% year-on-year to 744.8 USD million led by declines in exports for manufacturing industries (-13.5%) and electricity, gas and water (-87.5%). Imports also declined by 3% driven by a sharp fall in imports of intermediate goods (-21.8%).
2023-03-31