Exports in Uruguay

Uruguay Exports (%) | Economic News & Forecasts

Uruguay - Exports (percent change)

Second-quarter growth picked up in annual terms, lifted by the long-awaited rebound in fixed investment that arrived despite continued weakness in private-sector capital spending. Elsewhere in the domestic sector, household spending continued to cool in the quarter, constrained by surging inflation and a weak labor market. Meanwhile, on the external front, exports plummeted amid regional turmoil spearheaded by crisis-stricken Argentina—and owing to an overvalued local peso, which exacerbated the already-dire soybean harvest. Looking ahead, most analysts expect a similar outturn for the economy in the third quarter, although several downside risks have become increasingly apparent. Fixed investment is expected to have grown, but looser industrial capacity is likely to have left only the government’s ambitious spending plans to fund capital outlays. Moreover, while spillover from Argentina remains a clear and present danger, growing economic uncertainty throughout the region is likely to have weakened the sullen external sector through September.

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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Exchange Rate32.980.24 %Oct 12

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