Uruguay Trade Deficit Narrows as Exports Surge in December | Economic Update

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Uruguay's trade deficit reduced to $151.8 million in December 2025, from $233.8 million in the same month of the previous year. This improvement was attributed to a substantial 23.7% year-on-year increase in exports, which reached $894.8 million. The export growth was predominantly fueled by a significant rise of 66.3% in primary product shipments, alongside a steady 11.3% increase in manufactured goods exports. However, exports of utilities saw a dramatic decline of 82.9%. On the other hand, imports grew by 9.3%, totaling $1.05 billion. Notably, consumer goods imports went up by 8.2%, and intermediate goods imports saw a 17.2% increase, whereas imports of capital goods fell by 9.3%.

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