Global India business forum presented H.E. Alberto A. Guani, Ambassador of Uruguay, and Embassy of
Uruguay.
Ambassador and Consul General
INDIA - URUGUAY BUSINESS & CULTURAL COUNCIL
Global India business forum presented H.E. Alberto A. Guani, Ambassador of Uruguay, and Embassy of
Uruguay. We had a fruitful discussion to collaborate GIBF and Uruguay to explore different business
opportunities and trade between two countries. Global President- GIBF Dr. Jitendra Joshi and Director -
Global Operations Deepali Gadkari attend the meeting.
Crude petroleum, packaged medicaments, cars, broadcasting equipment, and
pesticides.
ABOUT
ABOUT Uruguay
Though it is a developing country, Uruguay boasts of a high-income economy and is South
Americas second-smallest country, bordered by Brazil and Argentina. It is situated along
the Atlantic Ocean
It is easy doing business
Uruguay stands first in Latin America in democracy, peace and low perception of
corruption. The high literacy rate, large urban middle class, advanced education, social
security systems, and relatively even income distribution makes Uruguay the most
live-able city
BUSINESS OPPORTUNITIES
BUSINESS OPPORTUNITIES IN Uruguay
The healthy and stable economy, strategic location, open trade policies, good macroeconomic
policies and political stability attract investors globally to Uruguay. The country boasts of a
strong banking sector. It abides by the latest international financial-sector standards.
Agriculture and agro-industry make for 12% of Uruguays GDP, and about 70% of its total exports.
Foreign investors, particularly agriculture-focussed companies, can find ample opportunities to
expand their business in Uruguay.
The following sectors offer good business opportunities -
Agriculture
Pharmaceuticals and Life science
Forestry and Timber
Film Industry
EXPORTS AND IMPORTS IN URUGUAY
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).
TOP EXPORTS OF URUGUAY
The top exports of Uruguay are Frozen Bovine Meat ($1.26B), Sulfate Chemical Woodpulp
($1.18B), Rice ($475M), Concentrated Milk ($470M), and Soybeans ($363M), exporting
mostly to China ($1.79B), Brazil ($1.02B), United States ($558M), Netherlands ($387M),
and Argentina ($361M).
TOP IMPORTS OF URUGUAY
The top imports of Uruguay are Crude Petroleum ($728M), Packaged Medicaments ($348M),
Cars ($241M), Broadcasting Equipment ($236M), and Pesticides ($161M), importing mostly
from Brazil ($1.79B), China ($1.56B), United States ($1.03B), Argentina ($1.01B), and
Germany ($272M).
