Manufacturing Intelligence Spotlight: Uruguay

The biggest opportunities for Canadian companies include key growth sectors, such as: textiles and garments, agricultural processing

GDP: $47.99 billion (2010 est.)

GDP growth: 8.5% (2010 est.)

GDP per capita: $13,700 (2010 est.)

Population: 3,308,535 (July 2011 est.)

Labour force: 1.637 million (2010 est.)

Industry: tourism, textiles and garments, agricultural processing, beverages, tobacco, cement, light manufacturing such as jewelry and electric appliances, computers and parts, integrated circuits, furniture, plastics, automobiles and automotive parts; world’s second-largest tungsten producer and third-largest tin producer

Exports: $6.7 billion (2010 est.)

Exports: beef, soybeans, cellulose, rice, wheat, wood, dairy products; wool

Export partners: Brazil 21%, Nueva Palmira Free Zone 10.2%, Argentina 7.5%, Chile 5.5%, Russia 5.3% (2010 est.)

Imports: $8.317 billion (2010 est.)

Import partners: Brazil 18.6%, Argentina 16.7%, China 13.5%, Venezuela 9.1%, US 8.3%, Russia 4.2% (2010 est.)

Import markets: crude oil (13.4%), refined oil (4.9%), passenger vehicles (3.5%), transportation vehicles (2.7%), vehicles parts (2.2%), cellular phones (2.1%), insecticides (1.7%)

Trade activity with Canada:

Exports to Uruguay: $108.5M

Major exports: machinery and electrical components ($12.8M), vehicles ($77.5M), chemicals ($3.3M), pulp, paper and wood products ($1.38M)

Imports from Uruguay: $51.9M

Major imports: fish and live animals ($37.3M), foodstuffs ($2.3M), textiles ($2.7M), machinery and electrical components ($2.35M)

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Sources: Export Development Canada , Statistics Canada and The CIA World Factbook