Uruguay’s economic base is its agricultural sector, exporting products such as meat, dairy, grains, and forestry products. 65 percent of exports are agricultural-based products. About half of all industrial production is dedicated to food processing or the refining of agricultural products.
What are the imports and exports of Uruguay?
Economy of Uruguay
|Exports||$11.41 billion (2017 est.)|
|Export goods||beef, soybeans, cellulose, rice, wheat, wood, dairy products, wool|
|Main export partners||China 19% Brazil 16.1% United States 5.7% Argentina 5.4% (2017)|
|Imports||$8.607 billion (2017 est.)|
What are the main imports in Uruguay?
Uruguay main imports are: industrial supplies (29 percent of total imports), crude and refined oil (20 percent), machinery and equipment (11 percent) and food and beverages (6 percent).
What is Uruguay top export?
Exports The top exports of Uruguay are Sulfate Chemical Woodpulp ($1.57B), Frozen Bovine Meat ($1.51B), Soybeans ($675M), Concentrated Milk ($457M), and Rice ($380M), exporting mostly to China ($2.63B), Brazil ($1.12B), Netherlands ($484M), United States ($484M), and Argentina ($438M).
What does Uruguay export from other countries?
Uruguay has an export oriented economy. The country is one of the largest exporters of beef (21 percent of total exports). Other exports include: vegetables (16 percent of total exports), dairy products (9 percent), chemicals (6.3 percent) and rice (6 percent).
What products is Uruguay known for?
Uruguay’s main agricultural products are indigenous cattle meat, whole fresh cow milk, paddy rice, wheat, soybeans, grapes, greasy wool, indigenous chicken meat, indigenous sheep meat, sunflower seed. There are 759,000 hectares of organic land in Uruguay and approximately 500 organic farms operating in the country.
Why Uruguay is so poor?
Still, poverty does exist in this Latin American country, and the causes of poverty in Uruguay can be summarized in three major categories: lack of education for young children, the rapidly modernizing rural sector and discrepancies in economic status between men and women.
How did Uruguay become rich?
According to Uruguay’s Deputy Economy Minister, Luis Porto, back in 1870, Uruguay — like Argentina and Australia — was one of the world’s richest economies. This was largely thanks to its rich agricultural endowment. … It won the inaugural FIFA Football World Cup in 1930.
Is Uruguay a good place to live?
One expat said, “Uruguay is a friendly, relaxed, politically stable, relatively safe and enjoyable place to live. … The coastal areas offer fairly good beaches and there are expat communities but offer much less to do. You will have to have a car anywhere outside of Montevideo, whereas in the city you won’t need one.