Frozen bovine meat, sulfate chemical wood pulp, concentrated milk, soybeans, beef, agricultural-based products, food processing.
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 IN URUGUAY
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 -
- Pharmaceuticals and Life science
- Forestry and Timber
- Film Industry
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).
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).
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).