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Welcome to the Website of
the Economic and Commercial Department of the Embassy of Uruguay
in the United States.
The site provides
information on activities
and services for Uruguayan companies and trade agents with
special interest in the US market, as well as links to trade and
economic information on Uruguay.
This
Economic and Commercial Department is part of a network of trade
promotion offices managed and staffed by diplomatic personnel of
the Ministry of Foreign Affairs of Uruguay placed around the
world. Its main mission is to promote Uruguayan exports and
foreign direct investment in Uruguay.
Index
Uruguay Basic Indicators
Trading with Uruguay
Uruguay Trade in Goods
Top-twenty Uruguayan exports to United States in 2006
Top-twenty United States exports to Uruguay in 2006
U.S. Generalized System of Preference (GSP)
Uruguay trade in Services
Tourism
Investing in Uruguay
Bilateral Investment Treaty Uruguay-United States
Investments Section
The Investors
Support Center (Unidad de Apoyo al Desarrollo y la Inversión en el Sector Privado), Ministry of Economy and Finance
Innovation and technology
"American Innovation Forum" AIF 2008 (March 30th to April 2nd, 2008, Punta del Este, Uruguay)
Human development Index
Life expectancy at birth (years), 2006 75,72
Adult literacy rate (% ages 15 and above), 2006 97,7
Combined gross enrolment ratio for primary, secondary and tertiary schools, 2005 869 354
GDP per capita, 2006 (pesos UY) 5 897
Total population (millions), 2006 3.3
Annual population growth rate (%) 2006 0,284
Rural population (thousand), 441
Population under age 15 (thousand) 731
Population age 65 and above (thousand) 32,4
Total fertility rate (births per woman),2006 2,03
Economically active population (%),2006 47,7
Unemployment rate (%), 2006 10.9
Living Standards
Indicators
Population/physicians ratio, 2006: 13,705
Population with access to drinking water, (%),2003 98
Electrification rate (%), 2003 98
Internet access, 2006 (thousand) 673.68
Cars (per 100 people), 2002 19
Economic performance
GDP (US$ billions), 2006 19,3
GDP per capita (US$),2006 5,8
GDP per capita annual growth rate (%), 2004-2005: 7
GDP composition by sector: (%of GDP), 2006 Agriculture: 8,3 manufacturing and industry: 8,5; electricity, gas and water, 1,5; construction industry, 14; transportation, communications, 12; trade, hotels and restaurants, 8,4 financial services, insurance, housing and business services, 4,2
Inflation rate (%), (2006) 6.4
Average annual change in consumer price index (%),2005-2006 6,40
Structure of trade
Exports of goods and services (%of GDP), 2006 29,4
Imports of goods and services (%of GDP) 2006 30
Trade Balance, 2006 -571.490
Exports of goods (FOB in miles de dolares), 2006 3 952 323
Main items: meat and edible meat offals, cereals, dairy products, furskins and leathers, wood, textiles, seeds and oleaginous fruits, fish and crustaceans, molluscs, plastics and articles thereof and vehicles (% of total exports),
nov.2006-2007` 69,8%
Main partners Nov.2006-2007: Brazil (16%), United States (11,8%), Argentina (8,5%), Germany (4,7%), Mexico (4,6%), China (3,7%), Spain (3,4%), United Kingdom (2,5%), Chile (2,3%)
Imports of goods (FOB in millions US$), 2006 4 523 812
Main items: Machinery and appliances, electric materials, chemical products, petroleum and derivates, transportation equipment
Main partners in 2006: Mercosur, European Union, United States, Asia
Net Public External Debt (% of GDP), 2006 29,6
Net Public Debt (% of GDP), 2006 47,4
Priorities in public
spending
Public expenditure on education (% of GDP),2006: 3,26
Public expenditure on health (% of GDP),2006 5,6
Military expenditure (% of GDP),2006 5,0
Total debt service (% of GDP),2006 71
Energy and the
environment
Traditional fuel consumption (ktep) 2,432
Electricity consumption per capita (kep/hab) 733,7
Final total consumption/GDP(tep/miles $-19,83) 7,6
Source of energy (% of total), 2006: oil derived from petroleum 65%, biomass 16%. Hidroenergy 16%, natural gas 3%.
Carbon dioxide emissions - Per capita (metric tons),
Technology: diffusion
and creation
Telephone mainlines (per 1,000 people), 2002 280
Cellular subscribers (per 1,000 people),2002 193
Internet users (per 1,000 people), 2002 119
Patents granted to residents (per million people),2000 2
Researchers in R&D (per million people), 1990-2001 276
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Sub-Index
Uruguay Trade in Goods
Bilateral Trade –
United States/Uruguay
Top-twenty Uruguayan exports to United States in 2006
Top-twenty United States exports to Uruguay
(In thousands US$, Exports in Uy FOB Value, Imports in Uy Customs
Value.)
|
Year |
Exports |
Imports |
Balance |
|
2003 |
2.197.974 |
2.190.370 |
7.604 |
|
2004 |
2.848.989 |
2.268.031 |
580.958 |
|
2005 |
3.416.916 |
3.668.098 |
-251.1816 |
|
2006 |
3.952.323 |
4.523.812 |
-571.490 |
Source: Banco Central del Uruguay
Tourism
Income (millons of dollars), 2005 593,5
Outcome (millons of dollars), 2005 251,7
Balance (millons of dollars), 2005 341,8
Source: Banco Central del Uruguay
(In thousands US$, Exports in Uy FOB Value, Imports in Uy Customs
Value.)
|
|
2004 |
2005 |
2006 |
%
Variation
2005/2006 |
|
Uruguay Exports to US |
546.540 |
762.800 |
520.400 |
-31.8 |
|
Uruguay Imports from US |
202.736 |
259.200 |
326.200 |
25.8 |
|
Balance |
343.804 |
503.600 |
194.200 |
|
Source: Banco Central del Uruguay
(In thousands US$, Exports in Uy FOB Value, Imports in Uy Customs
Value.)
|
Import Program
|
2004
|
2005
|
2006
|
Percent Change
2005 - 2006
|
|
In 1,000
Dollars
US General
Customs Value
|
|
No program claimed
|
519,749
|
671,154
|
462,057
|
-31.2%
|
|
GSP*
|
58,047
|
60,559
|
50,335
|
-16.9%
|
|
Civil Aircraft
|
8
|
0
|
0
|
N/A
|
|
Pharmaceuticals
|
2,190
|
337
|
0
|
-100.0%
|
|
Total
|
579,994
|
732,050
|
512,391
|
-30.0%
|
Source: U.S Department of Commerce and the U.S. International Trade Commission
(*GSP - Generalized System of Preferences.)
Holando
cattle, the main dairy breed in Uruguay.
|
HTS number
|
2004
|
2005
|
2006
|
Percent Change
2005 - 2006
|
|
In 1,000 DollarsU.S. General Customs Value
|
|
0202
MEAT OF BOVINE ANIMALS, FROZEN
|
255,246
|
350,482
|
205,860
|
-41.3%
|
|
2710
PETROLEUM OILS AND OILS FROM BITUMINOUS MINERALS (OTHER THAN CRUDE) AND
PRODUCTS THEREFROM, NESOI, CONTAINING 70% (BY WEIGHT) OR MORE OF THESE OILS
|
81,252
|
97,486
|
69,017
|
-29.2%
|
|
0201
MEAT OF BOVINE ANIMALS, FRESH OR CHILLED
|
42,016
|
56,819
|
29,465
|
-48.1%
|
|
4107
LEATHER FURTHER PREPARED AFTER TANNING OR CRUSTING, OF BOVINE (INCLUDING BUFFALO) AND EQUINE ANIMALS, WITHOUT HAIR ON, OTHER
THAN OF HEADING 4114
|
43,772
|
33,515
|
21,716
|
-35.2%
|
|
1602
PREPARED OR PRESERVED MEAT, MEAT OFFAL OR BLOOD, NESOI
|
11,912
|
21,886
|
21,018
|
-4.0%
|
|
4407
WOOD SAWN OR CHIPPED LENGTHWISE, SLICED OR PEELED, MORE THAN 6 MM (.236 IN.)
THICK
|
11,871
|
15,424
|
20,065
|
30.1%
|
|
9801
EXPORTS OF ARTICLES IMPORTED FOR REPAIRS ETC.; IMPORTS OF ARTICLES EXPORTED
AND RETURNED, UNADVANCED; IMPORTS OF ANIMALS EXPORTED AND RETURNED
|
18,993
|
14,554
|
17,680
|
21.5%
|
|
0406
CHEESE AND CURD
|
12,022
|
16,367
|
16,970
|
3.7%
|
|
0303
FISH, FROZEN, EXCLUDING FISH FILLETS AND OTHER FISH MEAT WITHOUT BONES; FISH
LIVERS AND ROES, FROZEN
|
9,575
|
11,713
|
15,088
|
28.8%
|
|
0206
EDIBLE OFFAL OF BOVINE ANIMALS, SWINE, SHEEP, GOATS, HORSES ETC., FRESH,
CHILLED OR FROZEN
|
5,581
|
10,804
|
12,140
|
12.4%
|
|
8708
PARTS AND ACCESSORIES FOR TRACTORS, PUBLIC-TRANSPORT PASSENGER VEHICLES,
MOTOR CARS, GOODS TRANSPORT MOTOR VEHICLES AND SPECIAL PURPOSE MOTOR VEHICLES
|
551
|
692
|
7,996
|
1,054.8%
|
|
6110
SWEATERS, PULLOVERS, SWEATSHIRTS, WAISTCOATS (VESTS) AND SIMILAR ARTICLES,
KNITTED OR CROCHETED
|
4,841
|
4,389
|
3,558
|
-18.9%
|
|
4412
PLYWOOD, VENEERED PANELS AND SIMILAR LAMINATED WOOD
|
0
|
5
|
3,238
|
62,124.5%
|
|
4104
TANNED OR CRUST BOVINE (INCLUDING BUFFALO) AND EQUINE HIDES AND SKINS, WITHOUT HAIR ON,
WHETHER OR NOT SPLIT, BUT NOT FURTHER PREPARED
|
345
|
138
|
3,060
|
2,123.1%
|
|
7604
ALUMINUM BARS, RODS AND PROFILES
|
2,019
|
2,533
|
3,058
|
20.7%
|
|
0409
HONEY, NATURAL
|
6,974
|
5,489
|
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