FX.co ★ Uruguay Trade Balance Swings to Surplus

In May 2025, Uruguay achieved a trade surplus of $30.6 million, a notable shift from the $28.1 million deficit recorded in the same month the previous year, and marking its first surplus since August 2024. Export activity rose by 8.4% year-over-year, amounting to $1.03 billion. This growth was primarily fueled by a significant increase in the export of primary goods, which climbed by 12.8%, and manufactured products, which saw a 12.2% rise. In stark contrast, utility exports experienced a steep decline of 93.6%. On the import side, there was an overall increase of 2.1%, driven largely by increased imports of intermediate goods, rising by 7.6%, and consumer goods, which went up by 7.5%. However, imports of capital goods fell considerably by 20.4%.