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Sunday, November 30, 2025

Uruguay Trade Gap Widens in October

Photo for the article Uruguay Trade Gap Widens in October

In October 2025, Uruguay experienced an increase in its trade deficit, reaching $223.8 million compared to $138.1 million in the same month the previous year. The country's imports surged by 8% year-on-year, totaling $1.2 billion. This increase was driven by an 11.5% rise in the purchase of intermediate goods, notably highlighted by a substantial 105.8% jump in oil-distilled imports. Additionally, consumer goods saw a 6.9% increase in imports, with vehicle purchases experiencing a significant rise of 34.2%. On the export front, Uruguay recorded a modest growth of 0.5%, amounting to $998.5 million. This was as a result of an 83.5% decline in utility sales and a 5.9% drop in manufactured goods, which overshadowed a 17.8% increase in shipments from the primary sector.


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