Trade Balance in Uruguay

Uruguay Trade Balance | Economic News & Forecasts

Uruguay - Trade Balance

Growth appeared to pick up in Q1. Agricultural prices, which hit levels not seen since 2008, led year-on-year export growth to average 35.1% in the quarter. Private consumption probably weathered the Omicron wave relatively well—the country has one of the world’s highest vaccination rates. This said, lingering Covid-19 restrictions and rising inflation will have capped spending. Turning to Q2, the government loosened Covid-19 restrictions in April, boosting economic activity. It also cut taxes and raised public sector pensions and wages that same month, supporting consumption at the expense of a wider fiscal deficit. In other news, the IMF concluded its visit on 3 June, and voiced support for short-term targeted measures to shield the economy from higher inflation. The Fund also stressed the importance of continued fiscal consolidation.

Uruguay - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)1.3  1.9  2.4  2.4  2.9  

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Uruguay Trade Balance Chart

Uruguay Trade
Note: Trade balance in USD billion.
Source: Central Bank of Uruguay and FocusEconomics calculations.

Uruguay Facts

Value Change Date
Exchange Rate37.330.24 %Jan 01

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