Uruguay Export Data: A Detailed Overview of the Latest Shipments of 2024

Uruguay, situated in South America, sharing borders with Argentina to the west and southwest, accompanied by Brazil to the north, bounded by the Atlantic Ocean to the southeast, has recorded a 13% increase in its overall exports in 2024. from the previous year. Uruguay Import Data says the continent has experienced several fluctuations in trade rates due to the government implementing initiatives for countering the export valuation by a positive rate. Different commodities like cellulose, soybeans, and agricultural goods dominate the top exported variants with an annual trade share of 24%, 15%, and 9% in recent days.

The country, with its diversifying export portfolio and the overall increase in the manufacturing units, has led to a total export trade value of goods worth 12.85 billion US dollars in 2024. Import Globals with its Uruguay trade data highlights the regional shipments of the country’s exported goods to leading importing destinations, to highlight the proper potential marketing regions to the business holders, which can foster their business decisions based on the latest market trends.

GOVERNMENT AGREEMENTS SUPPORTING THE EXPORT OF URUGUAY IN 2024

The government authorities of Uruguay have introduced several agreements for countering tax code violations at a positive rate. The European Union Mercosur Free Trade Agreement is one of the leading ones signed with the EU, which includes Argentina, Brazil, and Paraguay, a finalized landmark free trade agreement that was decided after 25 years of negotiations. The utmost aim of this perspective is to eliminate the tariffs on over 90% of goods traded between the above-mentioned regions.

The Uruguay Memorandum on Critical and Emerging Technologies is another crucial initiative implemented by the government authorities for enhancement of cooperation in sectors like semiconductors, artificial intelligence, clean energy, telecommunications, cyber security and biotechnology. The agreement works in a continuous manner for proper establishment of bilateral working groups to facilitate collaboration with top authorities.

THE LEADING VARIANTS OF GOODS EXPORTED FROM URUGUAY IN 2024

Uruguay, to counter its export trade revenue at a positive rate, has introduced diversification in the overall services by modernizing the manufacturing units with cutting-edge technologies. According to the Uruguay Export Data, the top 10 leading variants of goods exported from the nation in 2024 are,

  1. Cellulose — Export trade value of Cellulose from Uruguay in 2024–2.87 billion US dollars
  2. Beef- Export trade value of Beef from Uruguay in 2024–2.42 billion US dollars
  3. Soybeans- Export trade value of Soybeans from Uruguay in 2024–1.87 billion US dollars
  4. Dairy products — Export trade value of Dairy products from Uruguay in 2024–1 billion US dollars
  5. Beverage concentrates- Export trade value of Beverage concentrates from Uruguay in 2024–870 million US dollars
  6. Rice- Export trade value of Rice from Uruguay in 2024–654 million US dollars
  7. Vehicles — Export trade value of Vehicles from Uruguay in 2024–456 million US dollars
  8. Meat by-products- Export trade value of Meat by-products from Uruguay in 2024–354 million US dollars
  9. Wood — Export trade value of Wood from Uruguay in 2024–265 million US dollars
  10. Wheat- Export trade value of Wheat from Uruguay in 2024–187 million US dollars

THE TOP 10 EXPORT TRADE PARTNERS OF URUGUAY FOR 2024

Uruguay, with a well-developed transportation infrastructure, has built up a stable trade relationship with different worldwide traders, having cost-effective pricing strategies. According to the Uruguay Customs Data, the top 10 export trade partners of the nation in 2024 are,

  1. China — The annual export trade value of goods from Uruguay to China in 2024–3.41 billion US dollars

Top 5 variants of goods exported

1. Soybeans

2. Rice

3. Wheat

4. Canola

5. Carinata

2. Brazil — The annual export trade value of goods from Uruguay to Brazil in 2024–2.78 billion US dollars

Top 5 variants of goods exported

1. Barley

2. Corn

3. Sorghum

4. Sunflower seeds

5. Rapeseed

3. EU — The annual export trade value of goods from Uruguay to the EU in 2024–2.21 billion US dollars

Top 5 variants of goods exported

1. Malt

2. Alfalfa

3. Oats

4. Flaxseed

5. Peas

4. US — The annual export trade value of goods from Uruguay to the US in 2024–2.01 billion US dollars

Top 5 variants of goods exported

1. Lentils

2. Chickpeas

3. Beans

4. Quinoa

5. Hemp seeds

5. Argentina — The annual export trade value of goods from Uruguay to Argentina in 2024–1.08 billion US dollars

Top 5 variants of goods exported

1. Beef

2. Lamb meat

3. Goat meat

4. Pork

5. Offal and tripe

  1. Turkey — The annual export trade value of goods from Uruguay to Turkey in 2024–1.04 billion US dollars

Top 5 variants of goods exported

1. Bovine hides

2. Sheep skins

3. Goat skins

4. Wool

5. Live cattle

7. Chile — The annual export trade value of goods from Uruguay to Chile in 2024–1 billion US dollars

Top 5 variants of goods exported

1. Milk powder

2. Cheese

3. Butter

4. Yogurt

5. Condensed milk

8. Netherlands — The annual export trade value of goods from Uruguay to the Netherlands in 2024–678 million US dollars

Top 5 variants of goods exported

1. Lactose

2. Casein

3. Cellulose

4. Logs

5. Plywood

9. Mexico — The annual export trade value of goods from Uruguay to Mexico in 2024–424 million US dollars

Top 5 variants of goods exported

1. Fiberboard

2. Charcoal

3. Beverage concentrates

4. Pharmaceuticals

5. Footwear

10. Paraguay — The annual export trade value of goods from Uruguay to Paraguay in 2024–352 million US dollars

Top 5 variants of goods exported

1. Textiles and garments

2. Motor vehicles

3. Autoparts

4. Agricultural products

5. Construction equipment

Comments

Post a Comment

Popular posts from this blog

Overview of the Optical Equipment Import of Vietnam in 2023

Image
The demand for optical equipments in Vietnam has been steadily rising over the years because of the on growing demands from the industrial sectors and other consumer base. The growing awareness about eye care and its vital treatment regarding different fatal diseases is recording a positive impact over the whole eye care import of the nation in 2023 recording an annual growth rate of 10% year from 2019 onwards. Stability in trade relationship with different leading trade destination estates and attractive pricing strategies facilitate the annual import market. The growing domestic acquisitions and the limited production capability of the healthcare industries regarding the production of optical equipment have made the country record an annual import value of 2.3 billion US dollars in 2023. Import Globals with its Vietnam Trade Data highlights the global trade insights of the country’s regional shipments for helping the business holders expand their business worldwide via optimization o...
Read more

Seafood Export of Uganda in 2023

Image
Seafood consumers right now are gradually increasing with time because of the different health benefits it provides to the in-taker. The different vitamins present like vitamin A, vitamin B, and vitamin D not only benefit the health but also aid the proper functioning of the immune system. The globally growing demands and the increasing production cavity of the industrial sectors are promoting the exporting rate of seafood contributing to a minimal share of the total annual export trade revenue. The use of different modern technologies for preserving seafood products and increasing its shelf life along with the greater workforce engaged in it for efficient production have led to a total export trade value of 500 million US dollars in 2023. Import Globals, Uganda Trade Data, highlights the key trade insights of the country’s global trade of seafood to help the business holders adapt to the strategies of business expansion worldwide.    TOP 10 SEAFOOD EXPORTS OF UGANDA IN 2023 A...
Read more

Import and Export Procedures in Vietnam 2023

Import Procedures in Vietnam: Import License: Some goods require an import license issued by the relevant authorities in Vietnam. Importers should check whether their products fall under this category. Customs Declaration: Importers must complete customs declarations accurately and submit them along with supporting documents to customs authorities. Vietnam Import Data Customs Clearance: Imported goods must undergo customs clearance procedures, which include inspection, assessment of duties and taxes, and compliance verification. Payment of Duties and Taxes: Importers are responsible for paying import duties, taxes, and other applicable fees based on the classification and value of the imported goods. Documentation: Required documents for importation typically include commercial invoices, packing lists, bill of lading or airway bills, import permits or licenses (if applicable), and certificates of origin. Export Procedures in Vietnam: Export Registration: Some products may require ex...
Read more