Uruguay is currently our 79th largest goods trading partner with $2.1 billion in total (two way) goods trade during 2019. Goods exports totaled $1.6 billion; goods imports totaled $519 million. The U.S. goods trade surplus with Uruguay was $1.1 billion in 2019.
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What countries does Uruguay trade with?
Uruguay trade balance, exports and imports by country
In 2018, Uruguay major trading partner countries for exports were China, Brazil, Free Zones, United States and Argentina and for imports they were China, Brazil, Argentina, United States and Nigeria.
What does Uruguay import?
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).
What countries does the US trade with 2020?
U.S. trade with other nations is worth $4.9 trillion per year. China, Canada and Mexico are the country’s largest trading partners, accounting for nearly $1.9 trillion worth of imports and exports. But this landscape could be reshaped as President Trump pursues “America First” policies and reworks free trade deals.
What is Uruguay’s largest industry?
agriculture
Services, agriculture, and manufacturing, are the biggest industries in the country, representing 71.9%, 20.6%, and 7.5% of the GDP respectively. The official currency used in the country is known as the Uruguayan Peso.
What is Uruguay top exports?
Uruguay has an export oriented economy. The country is one of the largest exporters of beef (21 percent of total exports). Other exports include: vegetables (16 percent of total exports), dairy products (9 percent), chemicals (6.3 percent) and rice (6 percent).
What is the exports of Uruguay?
Economy of Uruguay
| Statistics | |
|---|---|
| Exports | $11.41 billion (2017 est.) |
| Export goods | beef, soybeans, cellulose, rice, wheat, wood, dairy products, wool |
| Main export partners | China 19% Brazil 16.1% United States 5.7% Argentina 5.4% (2017) |
| Imports | $8.607 billion (2017 est.) |
Does Uruguay have a good economy?
Uruguay’s economic freedom score is 69.3, making its economy the 44th freest in the 2021 Index. Its overall score has increased by 0.2 point, primarily because of an improvement in fiscal health.
Is Uruguay a 3rd world country?
By comparison, “Second World” countries referred to mostly communist nations aligned politically with the Soviet Union. Finally, “Third World” countries referred to neutral countries that did not fit into either previous category.
First World Countries 2021.
| Ranking | 55 |
|---|---|
| Country | Uruguay |
| Human Development Index | 0.817 |
| 2021 Population | 3,485,151 |
Why Uruguay is so poor?
Still, poverty does exist in this Latin American country, and the causes of poverty in Uruguay can be summarized in three major categories: lack of education for young children, the rapidly modernizing rural sector and discrepancies in economic status between men and women.
Who is the US number 1 trading partner?
China
List of the largest trading partners of the United States
| Rank | Country/District | Total Trade |
|---|---|---|
| 1 | China | 635,364 |
| 2 | Canada | 581,584 |
| 3 | Mexico | 557,581 |
| – | ASEAN | 247,203 |
Who is China biggest trade partner?
Top 15
- United States: US$452.6 billion (17.5% of China’s total exports)
- Hong Kong: $272.7 billion (10.5%)
- Japan: $142.6 billion (5.5%)
- Vietnam: $113.8 billion (4.4%)
- South Korea: $112.5 billion (4.3%)
- Germany: $86.8 billion (3.4%)
- Netherlands: $79 billion (3%)
- United Kingdom: $72.6 billion (2.8%)
What is America’s biggest import?
What Are the Major U.S. Imports?
- Machinery (including computers and hardware) – $386.4 billion.
- Electrical machinery – $367.1 billion.
- Vehicles and automobiles – $306.7 billion.
- Minerals, fuels, and oil – $241.4 billion.
- Pharmaceuticals – $116.3 billion.
- Medical equipment and supplies – $93.4 billion.
Is Uruguay a good place to live?
In addition to the friendly locals, the weather, beautiful beaches and stable economy make it a great place to live. Expats in Uruguay have a variety of healthcare options available to them.
Will Uruguay become a developed country?
Already achieving high-income status, if Uruguay can continue its economic growth post-COVID-19 and improve its education system to train its youth for the future, the country is well on its way to being a truly developed nation on par with other small countries like Singapore and Ireland.
Is Uruguay a safe country?
OVERALL RISK : LOW. Uruguay is very safe, it is the safest country to visit in entire Latin America, and if you plan on exploring the vast spaces of South America, Uruguay is the best place to start.
What is Uruguay famous for producing?
Uruguay’s main agricultural products are indigenous cattle meat, whole fresh cow milk, paddy rice, wheat, soybeans, grapes, greasy wool, indigenous chicken meat, indigenous sheep meat, sunflower seed. There are 759,000 hectares of organic land in Uruguay and approximately 500 organic farms operating in the country.
What is the average income in Uruguay?
Find out the average monthly salary in Uruguay
| Montevideo | Rest of Uruguay | |
|---|---|---|
| Average household income | 78,388 pesos 1,848 USD* | 53,501 pesos 1,262 USD |
| Average per capita income | 24,949 pesos 588 USD | 17,139 pesos 404 USD |
What is Spain’s biggest export?
Cars
List of exports of Spain
| # | Product | Value |
|---|---|---|
| 1 | Cars | 34,360 |
| 2 | Unspecified Commodities | 19,107 |
| 3 | Refined petroleum | 15,541 |
| 4 | Vehicle parts | 10,633 |
How is Uruguay so wealthy?
Uruguay is the second richest country in South America, and that is largely because of its booming export business.This booming export business has created a stable economy for the people of Uruguay and contributes to the $24K per capita.
Is Uruguay politically stable?
Political Stability and Absence of Violence/Terrorism: Percentile Rank, Upper Bound of 90% Confidence Interval in Uruguay was reported at 96.7 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources.
