Exports in Uruguay

Uruguay Exports (%) | Economic News & Forecasts

Uruguay - Exports (percent change)

Available data suggests the economy likely lost steam again in the fourth quarter. This came on the heels of a soft third-quarter outturn, against the backdrop of tumbling exports due to faltering Argentine demand and the poor soybean harvest. External sector metrics remained downbeat in Q4 as a strong real term appreciation of the Uruguayan peso against its Argentine counterpart led to a drop in tourists and thus tourism revenue, while merchandise exports contracted for a second consecutive quarter. Furthermore, industrial production ran out of steam in the quarter, as output contracted heavily in December amid lower output of food and chemical products. On a more positive note, domestic demand dynamics appeared more upbeat in Q4: Tightening labor market conditions, a more stable Uruguayan peso against the greenback and moderating inflationary pressures boded well for private consumption growth.

Uruguay - Exports (%) Data

2013  2014  2015  2016  2017  
Exports (annual variation in %)4.1  0.7  -15.9  -8.9  12.7  

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Uruguay Facts

Exchange Rate32.660.24 %Feb 20

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