Uruguay's Trade Deficit Narrows Sharply on Export Surge

Uruguay's trade deficit narrowed sharply to $72.2 million in January 2026 from $199.4 million a year earlier. Exports rose 6.8% to $808.1 million, driven by a 31.2% surge in primary product sales, while manufactured goods slipped 1.3%. Imports fell 7.9% to $880.3 million, weighed down by lower capital goods (-22.3%) and intermediate goods (-14.2%) purchases, partially offset by a 9.7% rise in consumer goods imports.

Uruguay’s trade deficit narrowed to $151.8 million in December 2025 from $233.8 million a year earlier. Exports rose 23.7% year-on-year to $894.8 million, driven by a sharp increase in shipments of primary products (66.3%) and solid growth in manufactured goods exports (11.3%). In contrast, utilities exports plunged 82.9%. Meanwhile, imports increased 9.3% to $1.05 billion. Consumer goods purchases rose 8.2%, imports of intermediate goods advanced 17.2%, while capital goods imports declined 9.3%.

Uruguay’s trade deficit narrowed to $16.8 million in November 2025 from $192.9 million a year earlier. Exports rose 11.5% year-on-year to $994.5 million, led by manufacturing goods (16.9%) and utilities (96.4%), while primary goods slipped 3%. Imports fell 6.7% to $1.0 billion, as purchases of capital goods dropped 14.2% and intermediate goods declined 11.9%, partly offset by a 4.5% rise in consumer goods imports.