Export to Uruguay
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NAME: Uruguay
CAPITAL: Montevideo
POPULATION: 3,356,584 (JUNE 2010 est.) (www.bnamericas.com)
MAIN CITIES: Montevideo, Punta del Este, Colomia
LANGUAGE: Spanish
CURRENCY: Peso (UYU)
DIALLING CODE: +598
INTERNET DOMAIN: .uy
TIME ZONE: GMT-3
ECONOMY
Uruguay’s economy is mainly built on agricultural exports and it has a highly educated work. The country was able to avoid the recent recession thanks to greater public spending and investment.
KEY INDUSTRIES:
- Food processing
- Electrical machinery
- Transportation equipment
- Petroleum products
- Textiles
- Chemicals
- Beverages
EXPORTS – PARTNERS
- Brazil 21.05%
- China 9.45%
- Argentina 7.36%
- Germany 5.16%
- Mexico 4.88%
- Netherlands 4.13%
- US 3.96%
IMPORT PARTNERS
- Argentina 20.77%
- Brazil 17.53%
- China 10.23%
- US 9.82%
- Paraguay 6.87%
EXPORT COMMODITIES
- Meat
- Rice
- Leather Products
- Wool
- Fish
- Dairy products
IMPORT COMMODITIES
- Crude petroleum and petroleum products
- Machinery
- Chemicals
- Road vehicles
- Paper
- Plastics
| SOCIAL ACCOUNTING: |
| Unemployment Index : |
7.4% (Mar 2010) |
| GDP PPP: |
43,550 MM US $ 2009 (IMF) |
| GDP Per capita PPP: |
13,019.28 US $ 2009 (IMF) |
| Last GDP Growth Rate: |
2.2% (2009 IMF) |
| GDP Growth Forecasting: |
3.5% (2010 IMF) |
| Economic activity rate: |
N/A |
| Interest rate: |
6.25% (Jul 2010) |
| Exchange rate: |
20.95 (UYU/USD) Closing Jun 2010 |
| INFLATION: |
| Versus Last Month Change: |
0.3% (Change Jun – May 2010) |
| Versus Last Quarter Change: |
6.19% (Change Q1 2010) |
| 12 Month Change: |
6.19% (Change 12 month Jun 2010 – 2009) |
| Annual Target Rank: |
Between 3% and 7% |
| FOREIGN TRADE: |
| Total Exports: |
1,851.9 MM US $ (Accumulated to Apr 2010) |
| Total Imports: |
2,372.3 MM US $ (Accumulated to Apr 2010) |
| Balance of Trade: |
-520,4 MM US $ (Accumulated to Apr 2010) |
| Balance of Payments: |
-108.5 MM USD $ (Q1 2010) |
| Current Account: |
252.6 MM USD $ (Q1 2010) |
| OTHER INTERESTING TIPS: |
| Treaties and International Agreements: |
| |
Free Trade Agreement |
| |
México, Bolivia, Chile |
| |
Customs Union |
| |
Mercosur Member |
| MEMBER OF: |
| |
FAO, G-77, IMF, Mercosur, UNASUR, WTO, WTO, IADB, IAEA |
| Country Risk : |
| Agency: |
Fitch |
| Qualification: |
BB- |
| |
Positive |
| Agency: |
S&P |
| Qualification: |
BB- |
| |
Stable |
| Agency: |
Moody’s |
| Qualification: |
Ba1 |
| |
Stable |
| INTERNATIONAL RANKINGS |
| Corruption Perceptions Index (International Transparency): |
| Global Ranking Position: |
25° (2009) |
| Latin America Ranking Position: |
2° (2009) |
| EASE OF DOING BUSINESS INDEX (WORLD BANK): |
| Global Ranking Position: |
114° (2010 Report) |
| Latin America Ranking Position: |
9° (2010 Report) |
| GLOBAL COMPETITIVENESS INDEX RANKINGS (WORLD ECONOMIC FORUM): |
| Global Ranking Position: |
65° (2009 – 2010 Ranking) |
| Global Ranking Position: |
75° (2008 – 2009 Ranking) |
| Latin America Ranking Position: |
7° (2009 – 2010 Ranking) |
| Latin America Ranking Position: |
8° (2008 – 2009 Ranking) |
Source: www.bnamericas.com
ONLINE SOURCES:
The Government of Uruguay.- www.presidencia.gub.uy
The National Institute for Statistics.- www.ine.gub.uy
Uruguay Central Bank – www.bcu.gub.uy
Ministry of Tourism – www.turismo.gub.uy
NEWSPAPERS:
El Pais – www.elpais.com.uy
El Observador – www.observador.com.uy
La Republica – www.larepublica.com.uy
El Telegrafo – www.eltelegrafo.com
Ultimas Noticias – www.ultimasnoticias.com.uy
Brecha – www.brecha.com.uy
Busqueda – www.busqueda.com.uy |
