Uruguay

Uruguay ranked No. 74 in total trade value through June with a total of $947.35 million. Exports totaled $695.08 million and Imports totaled $252.27 million, a surplus of $442.81 million.

U.S. trade with Uruguay rose to $947.35 million through June

Uruguay’s trade with the United States rose to $947.35 million through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 7.76 percent below its total trade during the same time period last year. U.S. exports to Uruguay decreased 8.88 percent while U.S. imports from Uruguay fell 4.52 percent. The U.S. surplus with Uruguay was $442.81 million.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Miami Int’l Airport; No. 2 Port of Beaumont, Texas; No. 3 Port of Philadelphia; No. 4 Port Everglades, Fla.; and No. 5 Port of Houston. During the same period the previous year, the top five were No. 1 Miami Int’l Airport; No. 2 Port Everglades, Fla.; No. 3 Port of Philadelphia; No. 4 Port of Port Arthur, Texas and No. 5 Port of Houston. In the current time period, the top five accounted for 57.24 percent of Uruguay’s U.S. trade.

Among those top five:

  • Trade with No. 1 Miami Int’l Airport fell 28.15 percent to $167.41 million.
    Exports fell 29.35 percent to $141.72 million. Imports fell 20.71 percent to $25.68 million.
  • Trade with No. 2 Port of Beaumont, Texas totaled $101.91 million.
    Exports totaled $101.91 million. There were no imports.
  • Trade with No. 3 Port of Philadelphia rose 2.27 percent to $96.78 million.
    Exports rose 70.91 percent to $941,420. Imports rose 1.87 percent to $95.84 million.
  • Trade with No. 4 Port Everglades, Fla. fell 40.22 percent to $94.15 million.
    Exports fell 42.51 percent to $87.15 million. Imports rose 18.06 percent to $7 million.
  • Trade with No. 5 Port of Houston rose 48.17 percent to $81.98 million.
    Exports rose 92.92 percent to $62.11 million. Imports fell 14.11 percent to $19.87 million.

Uruguay ranked No. 74 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 79.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Uruguay by value through June were the categories of Oil; Medicines in individual dosages; Cell phones, related equipment; Low value shipments; and Misc. mineral or chemical fertilizers, respectively. They accounted for 50.4 percent of total exports to Uruguay.

The value of the top five categories of U.S. imports from Uruguay –– Frozen beef; Prepared or preserved meat; Oranges, grapefruit, other citrus; Plywood, veneered and laminated wood; and Wood, sawed or chipped, greater than 6 meters thic –– accounted for 63.46 percent of all inbound shipments.

Looking more closely at U.S. exports to Uruguay:

  • Oil rose 55.8 percent compared to last year to $201.93 million.
  • Medicines in individual dosages fell 5.38 percent compared to last year to $59.76 million.
  • Cell phones, related equipment fell 45.24 percent compared to last year to $32.95 million.
  • Low value shipments fell 3.12 percent compared to last year to $28.74 million.
  • Misc. mineral or chemical fertilizers rose 368.25 percent compared to last year to $26.92 million.

Looking more closely at U.S. imports from Uruguay:

  • Frozen beef rose 4.05 percent compared to last year to $96.14 million.
  • Prepared or preserved meat fell 25.23 percent compared to last year to $19.98 million.
  • Oranges, grapefruit, other citrus rose 56.79 percent compared to last year to $16.4 million.
  • Plywood, veneered and laminated wood rose 22.86 percent compared to last year to $14.32 million.
  • Wood, sawed or chipped, greater than 6 meters thic fell 1.67 percent compared to last year to $13.25 million.

In the latest annual figures available, Uruguay recorded $2.23 billion in trade with the United States. Total U.S. exports to Uruguay were $ 1.71 billion and imports from Uruguay were $519.75 million. The U.S. surplus with Uruguay was $1.19 billion.