Uruguay

Uruguay ranked No. 74 in total trade value through March with a total of $519.69 million. Exports totaled $415.02 million and Imports totaled $104.67 million, a surplus of $310.36 million.

U.S. trade with Uruguay rose to $519.69 million through March

Uruguay’s trade with the United States rose to $519.69 million through the first three months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 7.06 percent above its total trade during the same time period last year. U.S. exports to Uruguay increased 11.83 percent while U.S. imports from Uruguay fell 8.43 percent. The U.S. surplus with Uruguay was $310.36 million.

Through March, the top five among the nation’s airports, seaports and border crossings were No. 1 Miami Int’l Airport; No. 2 Port of Houston; No. 3 Port Everglades, Fla.; No. 4 Port of Beaumont, Texas; and No. 5 Port of Texas City, Texas. 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 Port Arthur, Texas No. 4 Port of Philadelphia and No. 5 Port of Houston. In the current time period, the top five accounted for 60.68 percent of Uruguay’s U.S. trade.

Among those top five:

  • Trade with No. 1 Miami Int’l Airport fell 27.11 percent to $84.06 million.
    Exports fell 25.91 percent to $73.73 million. Imports fell 34.67 percent to $10.33 million.
  • Trade with No. 2 Port of Houston rose 187.92 percent to $64.24 million.
    Exports rose 308.84 percent to $53.02 million. Imports rose 20.06 percent to $11.22 million.
  • Trade with No. 3 Port Everglades, Fla. fell 22.35 percent to $63.17 million.
    Exports fell 23.16 percent to $60.27 million. Imports fell 0.29 percent to $2.9 million.
  • Trade with No. 4 Port of Beaumont, Texas totaled $61.73 million.
    Exports totaled $61.73 million. There were no imports.
  • Trade with No. 5 Port of Texas City, Texas totaled $42.17 million.
    Exports totaled $42.17 million. There were no imports.

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. 81.

Meanwhile, total U.S. trade with the world increased to $964.77 billion, down 4.16 percent compared to the same period last year. The nation’s exports dropped 3.07 percent to $395.69 billion; imports dropped 4.91 percent to $569.09 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $173.4 billion, down compared to the same period of last year when the deficit was $190.25 billion.

The top five U.S. exports to Uruguay by value through March were the categories of Oil; Medicines in individual dosages; Perfumes; Low value shipments; and Cell phones, related equipment, respectively. They accounted for 55.76 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; Plywood, veneered and laminated wood; Wood, sawed or chipped, greater than 6 meters thic; and Medical instruments –– accounted for 64 percent of all inbound shipments.

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

  • Oil rose 98.99 percent compared to last year to $145.17 million.
  • Medicines in individual dosages rose 3.22 percent compared to last year to $32.34 million.
  • Perfumes fell 10.61 percent compared to last year to $19.96 million.
  • Low value shipments rose 17.15 percent compared to last year to $17.38 million.
  • Cell phones, related equipment fell 40.1 percent compared to last year to $16.56 million.

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

  • Frozen beef fell 4.77 percent compared to last year to $35.3 million.
  • Prepared or preserved meat fell 14.92 percent compared to last year to $11.29 million.
  • Plywood, veneered and laminated wood rose 38.74 percent compared to last year to $7.81 million.
  • Wood, sawed or chipped, greater than 6 meters thic rose 1.64 percent compared to last year to $6.54 million.
  • Medical instruments fell 29.51 percent compared to last year to $6.05 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.