FX.co ★ Uruguay Trade Gap Narrows Sharply

In November 2025, Uruguay's trade deficit significantly decreased to $16.8 million, down from $192.9 million in the same month the previous year. This shift was driven by an 11.5% increase in exports, reaching $994.5 million. The growth in exports was chiefly attributed to a 16.9% rise in manufacturing goods and a remarkable 96.4% increase in utilities, although exports of primary goods experienced a 3% decline. On the import side, there was a 6.7% reduction, totaling $1.0 billion. This downturn was largely due to a 14.2% decrease in capital goods purchases and an 11.9% reduction in intermediate goods. However, these declines were partially counterbalanced by a 4.5% rise in consumer goods imports.