In 2024, Uruguay exported goods valued at approximately US$10.2 billion worldwide. This represents a significant 46.9% increase compared with export revenues of $7 billion in 2020. On a year-to-year basis, Uruguay's total exports rose by 11.5%, climbing from $9.2 billion in 2023.

Based on Purchasing Power Parity exchange rates for 2024, the Uruguayan peso weakened by 4.2% against the US dollar compared with 2020, although it strengthened by 3.3% between 2023 and 2024. The relatively weaker currency compared to earlier years helped make Uruguayan products more price-competitive for international buyers paying in US dollars.

From a regional standpoint, nearly 39.7% of Uruguay's export value went to Latin American markets (excluding Mexico but including Caribbean nations), while 28.6% was shipped to Asian countries. Buyers in North America accounted for another 14.3% of export demand.

European customers received about 12.1% of Uruguayan exports, followed by 5% to Africa and 0.2% to Oceania, with Australia, French Polynesia, and New Zealand leading that region.

Uruguay's Top 25 Export Destinations in 2024

The following countries represented Uruguay's largest export markets by value in 2024, together with their respective shares of total exports:

· Brazil: US$2.1 billion (20.1%)

· China: $1.4 billion (13.6%)

· United States: $955.5 million (9.3%)

· Argentina: $547.2 million (5.3%)

· Türkiye: $302.8 million (3%)

· Netherlands: $245.9 million (2.4%)

· Algeria: $201.9 million (2%)

· Mexico: $170.5 million (1.7%)

· Chile: $162.5 million (1.6%)

· Paraguay: $122.7 million (1.2%)

· Israel: $112.9 million (1.1%)

· Italy: $97.9 million (1%)

· Spain: $97.1 million (0.9%)

· Peru: $96.5 million (0.9%)

· Portugal: $89.8 million (0.9%)

· India: $82.2 million (0.8%)

· Germany: $81.9 million (0.8%)

· Russia: $77.1 million (0.8%)

· United Kingdom: $77.1 million (0.8%)

· Japan: $71.3 million (0.7%)

· Thailand: $70.3 million (0.7%)

· Vietnam: $50.2 million (0.5%)

· Canada: $48.9 million (0.5%)

· Bolivia: $46.2 million (0.5%)

· Iraq: $40.6 million (0.4%)

Collectively, these 25 countries absorbed approximately 71.3% of Uruguay's total export value in 2024.

Among Uruguay's fastest-growing export markets between 2023 and 2024 was Iraq, with imports surging 96.9%. Other rapidly expanding destinations included Israel (up 85.2%), Algeria (up 67.1%), Vietnam (up 66.4%), and the United States (up 28.2%). In contrast, growth was more moderate for buyers in Italy (up 2.9%) and India (up 3.6%).

Finding Suppliers in Uruguay

For companies seeking to enter the Uruguayan export market, locating dependable suppliers is a critical step. With Tendata's data analysis features—including keyword searches and HS code filtering—businesses can identify verified trading partners, monitor purchasing behavior, and obtain contact details more efficiently, helping to accelerate market expansion.

For instance, when analyzing motor demand, Tendata's database can quickly highlight the top suppliers in Uruguay for 2024:

1. CADAFAZ S A – 29.16% ($70.87 million)

2. COSTA ORIENTAL S A – 13.43% ($32.65 million)

3. KMU CORPORATION S A – 13.42% ($32.62 million)

4. REMOL S A – 8.29% ($20.15 million)

5. SKUNCA SPINELLI CAROLINA – 3.72% ($9.05 million)

6. SILVA NAUAR JORGE FERNANDO – 2.93% ($7.13 million)

7. DITERLAND S A – 2.93% ($7.11 million)

8. DICOTER SOCIEDAD ANONIMA – 2.01% ($4.89 million)

9. VIRWAVE ZONA FRANCA S A – 1.37% ($3.34 million)

10. NAVATTA MANZONI CESAR HUGO – 1.34% ($3.26 million)

Whether you are an experienced exporter or new to international trade, leveraging Uruguayan export data can help uncover valuable business opportunities. To learn more about Uruguay's export statistics or access detailed trade data, contact Tendata for a free online demo.