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UY: Days after free time TheInternational Trade Administration,U.S. Department of Commerce, manages this global trade site to provide access to ITA information on promoting trade and investment, strengthening the competitiveness of U.S. industry, and ensuring fair trade and compliance with trade laws and agreements. In 2021, the United States ranked fifth as a destination for Uruguays goods for a total of $579 million. Another key export crop was tobacco. Filtered by products, shipment dates, ports, industry, etc., you can Free Trade Agreements. In fact, beef was Uruguays number one export product in 2021 with China being Uruguays top export destination. . 40 Flat and Open top. A .gov website belongs to an official government organization in the United States. Get the latest news on the latin american import/export market, How to move internationally hassle-free? See answer (1) Best Answer. Current job openings: Download historical data for 20 million indicators using your browser. Agricultural prices, which hit levels not seen since 2008, led year-on-year export growth to average 35.1% in the quarter. An important thing to note is that Uruguay is not part of the WTO, which means that it has its own system for item prohibition. Wiki User. So, with such a healthy economy established, where should you start your process of exporting to Uruguay? Washington, DC 20230. for all imported products. These trading conditions may be consulted on the CIFFA website and are also available in our shipping terms & conditions. The rice mainly goes to neighboring countries, while China is the major destination for Uruguays soybeans. This website uses cookies to improve your experience. , you either need to be a commercial or industrial company, or you need to be listed in the registry of importers. Facing a Foreign Trade AD/CVD or Safeguard Investigation? Uruguays primary export products to the United States are beef, beef products, wood, wood panels, and citrus. All marking and labeling requirements are controlled by the Laboratorio Tecnolgico del Uruguay (LATU, Uruguays Technical Laboratory), the Ministry of Public Health, and Intendencia municipal offices. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Standard users can export data in a easy to use web interface or using an excel add-in. Uruguay Overview People Government - Politics Geography Economy - Economy - Imports - Exports - Money and The value of exports of commodity group 2204 "Wine of fresh grapes, including fortified wines; grape must other than that of heading 20.09." Uruguay will make the process much more comfortable and efficient. The main product imports were vehicles, totaling $802 million. In 2021, Uruguay imported a total of $9 billion in goods (excluding Cotton exports in 1987 earned about US$100 million, with most exports going to Uruguay, Britain, France, Germany, and Japan. But opting out of some of these cookies may have an effect on your browsing experience. In addition, the income distribution in Uruguay is one of the most evenly distributed in Latin America according to the World Banks Gini Index report, resulting in one of the largest middle classes in Latin America on a per capita basis. So, you will need to ensure that you have the proper license (. A lock ( This site contains PDF documents. Secure .gov websites use HTTPS Therefore, it should come as little surprise that Uruguays economy is relatively healthy and in stages of increasing development. Please note the exports, imports and tariff data are based on reported data and not gap filled. Uruguay has a developing IT sector, but it is still not in the same range as in developed nations. What is Spains biggest export? Uruguay exports for 2019 White label accounts can distribute our data. in the Uruguay market, ahead of your competitors and know yourself more, Copyright 2022 MeritData.All Rights Reserved NCB INFO HK CO., LIMITED 31011502005011. We have a plan for your needs. plan on exporting during the COVID-19 pandemic, In 2019, Uruguay imported 8.3 billion US$ worth of goods, mostly. The economy of Uruguay it's exports and custom graphs are provided. In 2011, the Uruguay government approved a PPP (Public-Private Partnership) law, which immensely helped in bringing in foreign investment mostly related to infrastructure. Here you will find law-abiding citizens, a low corruption rate, and properly functioning government institutions. The Ultimate Guide to Ship Your Personal Belongings Overseas. GDP fell 5.9 percent in 2020, with a strong negative impact on unemployment and poverty. China remains the main destination of Uruguays goods exports, a position which they have held since 2013. In most cases, you will need sanitary and phytosanitary certificates. USA.gov|FOIA|Privacy Program|EEO Policy|Disclaimer|Information Quality Guidelines |Accessibility, Official Website of the International Trade Administration, Comply with U.S. and Foreign Export Regulations. FOREIGN TRADE IN THE LAST 5 YEARS: PSS URUGUAY SRL. October 2022 Data - 1993-2021 Historical - November Forecast, Uruguay Inflation Rate Slows to 8-Month Low, Uruguay Jobless Rate at 8.3% in September, Uruguay Manufacturing Output Rebounds Sharply, Uruguay GDP Growth Eases From Record High, Costa Rica Inflation Rate Softens to 5-Month Low, European Stocks Rise to Near 2-Month High. Its agro-industrial sector is expected to require large amounts of material and machinery to face the global demand, representing strong opportunities for importers and exporters. It is mandatory to procure user consent prior to running these cookies on your website. 1401 Constitution Ave NW Study guides. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Foreign Direct Investment Attraction Events, Services for U.S. Companies New to Exporting, Services for U.S. Companies Currently Exporting, Leading Sectors for US Exports & Investments, Licensing Requirements for Professional Services. Retaining the services of Latin American Cargo constitutes your acceptance of these trading conditions. Argentina was third, with 14 percent, and the United States was fourth representing 6 percent of the total. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. 20 DRY. Among the top exports to Uruguay are: Mineral fuels including oil and ore: US$1.1 billion (13.2% of total imports) Machinery including broadcasting equipment and computers: $776.4 Import and export price indexes in Uruguay was reported at 1 in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. This website uses cookies to improve your experience while you navigate through the website. How to easily ship personal belongings [], Latin American Cargo (LAC) has recently hit another milestone of a successful sh [], Heres What You Need to Know about RORO Shipping Making a decision on the best []. which you should look into with your Freight Forwarder. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. Data are in current U.S. dollars. Finding the right freight forwarding company to help you export to Uruguay will make the process much more comfortable and efficient. Uruguays Top 10 Exports Meat: US$2.8 billion (29.3% of total exports) Wood: $1 billion (11%) Oil seeds: $993.3 million (10.4%) Dairy, eggs, honey: $769 million (8.1%) Cereals: $600.3 Uruguay main imports are: industrial supplies (29 percent of total imports), crude and refined oil (20 percent), machinery and equipment (11 percent) and food and beverages (6 percent). Therefore, it should come as little surprise that Uruguays economy is relatively healthy and in stages of increasing development. Others include Venezuela, Mexico and Germany. In 2021 Brazil was the main source of Uruguays imports representing 23 percent of the total. Growth appeared to pick up in Q1. Business Type Year of Establishment Country / Region Exporting 2008 Uruguay / Montevideo Product List Poultry Products : Beef. By value, the listed 10 countries shipped 97.4% of exports of frozen sheep meat in 2021. International sales of frozen sheep meat rose 32.6% since 2017 and accelerated 20.5% from 2020 to 2021. Washington, DC 20230. The chief estimated that Uruguay will export some 14.5 billion dollars this year and compared that in 2021 that figure stood at 11.55 billion. This is especially true for products coming from non-MERCOSUR countries. Clothing and footwear imports were sixth, valued at $418 million and pharmaceutical products seventh, amounting to $372 million. Cars Warehouse Space Larger Than Ever: Latin American Cargo Is Ready to Meet Distribution N All you Need to Know about RORO Shipping | A Shipping Guide. And once you consider the potential language barrier, you will quickly realize how important it is to partner with a specialized freight forwarder to help you export to Uruguay. In recent years, the government has increased import taxes in order to yield higher overall revenue. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. We also use third-party cookies that help us analyze and understand how you use this website. Uruguay - Import Requirements and Documentation. Latin American Cargo (LAC) is an international freight forwarding company that has been providing specialized cargo shipping services and logistics solutions by ground, ocean and air, for over 20 years. 40 / 45 DRY. Over the past decade, Uruguays government has done its best to make exporting to Uruguay as straightforward as possible. All marking and labeling requirements are controlled by t. Spanish language must be used on all labeling. Uruguays road traffic system is relatively reliable, but we still suggest that you research it carefully. The following information must be provided: The easiest way to transport goods to Uruguay is either via air or sea freight. While still positive, economic growth began to slow down in 2014 and decreased to 0.5 percent in 2019 according to the Central Bank of Uruguay. External links to other Internet sites should not be construed as an endorsement of the views or privacy policies contained therein. Includes a list of goods that are prohibited from being exported to the country or are otherwise restricted. from Uruguay totalled $ 17.7 A severe drought in 2017-18 cut production of grains and oilseeds sharply, but a recovery to more normal levels is expected for 2018-19. help you with all your international shipping, needs and to share with you all vital information about, A closer look at Uruguay will show you that it has one of South Americas best economies. These cookies will be stored in your browser only with your consent. Tobacco. Share sensitive information only on official, secure websites. Secure .gov websites use HTTPS Only commercial firms, industrial TheInternational Trade Administration,U.S. Department of Commerce, manages this global trade site to provide access to ITA information on promoting trade and investment, strengthening the competitiveness of U.S. industry, and ensuring fair trade and compliance with trade laws and agreements. Its service excellence philosophy places LAC amongst the very best international logistics companies helping exporters and importers when shipping to and from Canada, USA, Mexico, Central America, South America and the Caribbean. Uruguays road traffic system is relatively reliable, but we still suggest that you research it carefully before you use this mode of transportation. Be it for cleaning or agriculture, Uruguay has a definite need for both production and. U.S. Department of Commerce USA.gov|FOIA|Privacy Program|EEO Policy|Disclaimer|Information Quality Guidelines |Accessibility, Official Website of the International Trade Administration, Uruguay - Import Requirements and Documentation, Comply with U.S. and Foreign Export Regulations. Direct access to our data from your apps using any programing language. Private consumption probably weathered the Omicron wave relatively wellthe country has one of the worlds highest vaccination rates. External links to other Internet sites should not be construed as an endorsement of the views or privacy policies contained therein. In 2021, Uruguay imported a total of $9 billion in goods (excluding petroleum), a 32 percent increase from 2020. The Trading Economics Application Programming Interface (API) provides direct access to our data. These cookies do not store any personal information. A locked padlock ) or https:// means youve safely connected to the .gov website. By now, it should be evident that to ship goods to Uruguay, you will need to consider some conditions and requirements, but no more than you would for any other country in South America. Please check your download folder. Log in, Mineral fuels including oil: US$1.5 billion (14.3% of total imports), Machinery including computers: $1 billion (9.8%), Electrical machinery, equipment: $724.8 million (7%), Plastics, plastic articles: $574 million (5.6%), Other chemical goods: $376.4 million (3.6%), Crude oil: US$1.1 billion (up 51.9% from 2020), Processed petroleum oils: $238.1 million (up 186.2%), Petroleum gases: $71.1 million (up 71.4%), Natural bitumen, asphalt, shale: $25.5 million (up 184.1%), Petroleum oil residues: $19.5 million (up 110.6%), Electrical energy: $4.1 million (down -92.5%), Petroleum jelly, mineral waxes: $1.4 million (up 62.7%), Asphalt/petroleum bitumen mixes: $1.2 million (up 59%), Coal tar oils (high temperature distillation): $792,000 (up 44.8%), Cars: US$394.6 million (up 59.2% from 2020), Automobile parts/accessories: $182.5 million (up 93.1%), Bicycles, other non-motorized cycles: $19.2 million (up 127.3%), Public-transport vehicles: $17.4 million (down -64.5%), Special purpose vehicles: $7.9 million (up 33.5%), Automobile bodies: $7.3 million (up 548.2%), Computers, optical readers: US$146.4 million (up 35.1% from 2020), Refrigerators, freezers: $65.3 million (up 80.7%), Heavy machinery (bulldozers, excavators, road rollers): $61.6 million (up 41.6%), Harvest/threshing machinery: $45.1 million (up 36.8%), Spray/dispersing mechanical appliances: $42.7 million (up 61.7%), Centrifuges, filters and purifiers: $40.2 million (up 44.1%), Soil preparation machinery: $35.3 million (up 75.7%), Taps, valves, similar appliances: $33.3 million (up 23.3%), Miscellaneous machinery: $31.5 million (up 12.4%), Printing machinery: $30 million (up 30.6%), Phone devices including smartphones: US$273.4 million (up 8.2% from 2020), TV receivers/monitors/projectors: $58 million (up 10.3%), Electrical converters/power units: $45 million (up 66.4%), Electric water heaters, hair dryers: $34.5 million (up 29.4%), Insulated wire/cable: $34 million (up 50%), Lower-voltage switches, fuses: $28.7 million (up 21.3%), Electric storage batteries: $23.6 million (up 13%), Electric motors, generators: $21.2 million (up 187.9%), Electrical/optical circuit boards, panels: $21.1 million (up 18.5%), Microphones/headphones/amplifiers: $17.7 million (up 35.5%). As it is with most South American countries, this area is growing rapidly. In the long-term, the Uruguay Imports is projected to trend around 715000.00 USD Thousand in 2022, according to our econometric models. 1Y 5Y 10Y 25Y MAX Chart Column Line Area Spline Splinearea Trend Average(4) Histogram Variance Advanced users can use our Python/R/Matlab packages. Montevideo is the only viable airport and seaport for mass import, especially if you plan on handling it on a regular basis. To start the import procedure, you, need to use an agent to handle your customs. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Trading Economics welcomes candidates from around the world. Uruguay Imports Services (2018) $3.7B. In recent years, the government has increased import taxes in order to yield higher overall revenue. : Brazil, China, US, Argentina and Mexico. In case you ever decide to move to Uruguay, we suggest that you consider contacting a moving expert to guide you accordingly. Exporting to Uruguay | A Trade & Export Guide, Exporting to the Dominican Republic | A Trade & Export Guide, Exporting to Belize | A Trade & Export Guide, Exporting to Honduras | A Trade & Export Guide, Exporting to Guatemala | A Trade & Export Guide, Exporting to Nicaragua | A Trade & Export Guide, How to Move Internationally? Foreign Direct Investment Attraction Events, Services for U.S. Companies New to Exporting, Services for U.S. Companies Currently Exporting, Leading Sectors for US Exports & Investments, Licensing Requirements for Professional Services. Contact: Jamie Pritchard. Official websites use .gov Next release: To be announced. This answer is: Add a Comment. Here you have tariffs that can go as high as 25% for certain products (usually for dairy products, canned goods, and vehicles). Uruguay - Import and export price indexes - actual values, historical data, forecasts and projections were sourced from the ='blank'>World Bank on September of 2022. Agriculture products represent almost 80% of the total of goods exported by Uruguay. The following items have a permanent import ban in Uruguay: An important thing to note is that Uruguay is not part of the WTO, which means that it has its own system for item prohibition. Discusses key economic indicators and trade statistics, which countries are dominant in the market, and other issues that affect trade. APDF readeris available from Adobe Systems Incorporated. According to the trade agency, Uruguay XXI, Uruguays top 2021 export destinations for goods were China (28 percent), Brazil (16 percent), EU (14 percent), Argentina (5 percent), the United States (5 percent), and Egypt (4 percent). Merchandise trade and tariff data for Uruguay (URY) Minerals import from all countries (trading partner) including Trade Value, Product Share, MFN and Effectively applied tariffs, count of duty Member since: 03-Oct-2011. View corrected version. Official websites use .gov China was second, with 22 percent. Certain products like sugar, textiles, or motor vehicles require non-automatic import licensing. partner should be your first step in the process. Uruguay Imports Services (2018) $3.7B. IMPORTS - Records: 2,898 - US$: 2,435,647; EXPORTS. Plastics were fourth with a value of $448 million, followed by $420 million in technology imports. So, if you want to make use of Uruguays thriving economy, finding. In 2021, Uruguays main imports from the United States were plastics, chemical substances, chemical inputs for agriculture, and computers. From 2003 to 2019, Uruguay experienced the longest economic expansion in the countrys history. This category only includes cookies that ensures basic functionalities and security features of the website. All Rights Reserved. Our database has more than 130 million traceable companies, allows you to quickly find buyers and suppliers who export the exact targets you need, also including key decision makers name, email, phone, social media, etc At the same time, we also send potential customers in the supply chain, such as factories, distributors, engineering companies and shopping malls. Overview In 2020 Uruguay was the number 84 economy in the world in terms of GDP (current US$), the number 97 in total exports, the number 107 in total imports, the number 54 economy in terms of GDP per capita (current US$) and the number 57 most complex economy according to the Economic Complexity Index (ECI). Soy and dairy are Uruguays third and fourth largest goods exports valued at $892 million and $735 million, respectively. 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).
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