India - Uruguay Business and Cultural Council

Uruguay, a South American country, is known for its stable democracy, progressive social policies, and high standard of living. It has a rich cultural heritage, beautiful beaches, and is famous for its beef and mate tea.

Ambassador and Consul General

Global India Business Forum presented H.E. Alberto A. Guani, Ambassador of Uruguay, and Embassy of Uruguay. The GIBF team had a fruitful discussion to collaborate with Uruguay to explore different business opportunities and trade between two countries. Global President of GIBF, Dr. Jitendra Joshi and Co-Founder & Director - Global Operations, Deepali Gadkari attended the meeting.

embassy-of-uruguay-ambassador-and-consul-general

Frozen bovine meat, sulfate chemical wood pulp, concentrated milk, soybeans, beef, agricultural-based products, food processing.

Crude petroleum, packaged medicaments, cars, broadcasting equipment, and pesticides.

About Uruguay

ABOUT Uruguay

Uruguay, a South American nation bordered by Brazil to the north and Argentina to the west, is known for its stable democracy and high quality of life. The country has a population of around 3.5 million people, with Montevideo as its capital and largest city. Uruguay boasts a diverse cultural heritage influenced by European immigrants, particularly from Spain and Italy. The official language is Spanish.
Uruguay's economy is primarily driven by agriculture, particularly beef and wool production, and it has a well-developed service sector. The country is also a significant exporter of soybeans, rice, and dairy products. In recent years, Uruguay has made substantial investments in renewable energy, achieving nearly 98% of its electricity from renewable sources.
Uruguay is recognized for its progressive social policies, including the legalization of same-sex marriage, abortion, and cannabis. It consistently ranks high in Latin America for its levels of peace, press freedom, and low corruption.

Business Opportunities in Uruguay

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 Uruguay's 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

Overview In 2022, Uruguay was the number 79 economy in the world in terms of GDP (current US$), the number 98 in total exports, the number 104 in total imports, the number 49 economy in terms of GDP per capita (current US$) 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 ($2.14B), Sulfate Chemical Woodpulp ($1.84B), Soybeans ($793M), Concentrated Milk ($632M), and Rice ($502M), exporting mostly to China ($2.89B), Brazil ($1.69B), Argentina ($999M), United States of America ($818M), and Netherlands ($587M).

Top Imports of Uruguay

The top imports of Uruguay are Crude Petroleum ($1.93B), Cars ($473M), Packaged Medicaments ($418M), Broadcasting Equipment ($362M), and Delivery Trucks ($354M), importing mostly from Brazil ($2.92B), China ($2.63B), United States of America ($2.21B), Argentina ($1.53B), and Germany ($368M).

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