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South America

Uruguay

EU Compliance · Geopolitical Risk · Sourcing Attractiveness

EU Compliance

lower score = lower risk

2.7

Geopolitical Risk

lower score = lower risk

2.2

Sourcing Attractiveness

higher score = more attractive

5.6

Why these scores

EU Compliance, by dimension

Forced & child labour2
Worker rights & FOA2
OHS & audit transparency2
Food & product safety2
Environmental & regulatory3
Governance & anti-corruption2
Tariff & preferential access5
Non-tariff barriers3
Supply chain traceability3

1 = lowest risk · methodology & sources

Geopolitical Risk, by dimension

Geopolitical conflict1
Supplier concentration4
Climate & physical risk4
Sanctions exposure1
Policy continuity & property rights1

1 = lowest risk · methodology & sources

Attractiveness, by dimension

Labour cost competitiveness3
Supply base depth4
Logistics & infrastructure6
Workforce skills7
Scalability7
Ease of doing business7
Trade access & tariffs5
Sustainability baseline7
Innovation & IP3
Quality standards7

9 = most attractive · methodology & sources

Analyst scores, last reviewed June 2026; each dimension's sources and cadence are on its methodology page.

Data layers

The EU is Uruguay's #3 import source (world lens). Uruguay is the EU's #92 goods supplier.

Uruguay on the world stage

Uruguay$12.5bn total importsChina22.1% · $2.8bnBrazil21.2% · $2.7bnEU-2713.3% · $1.7bnArgentina12.9% · $1.6bnUSA6.4% · $807mUS6.4% · $807mNigeria3.6% · $446mASEAN-62.1% · $264mJapan0.5% · $67m

Total imports

$12.5bn

2024 annual

Total exports

$10.2bn

170 partners

#1 import source

China

22.1%

#1 export dest.

Brazil

20.1%

2024 annual, UN Comtrade (HS TOTAL, all partners). Line colour: coverage (exports/imports per partner).

Uruguay and the EU

EU imports from

€1.8bn

0.1% of extra-EU

EU exports to

€1.9bn

0.1% of extra-EU

EU supplier rank

EU's #92 supplier

EU trade balance

balanced or surplus

coverage 1.08

2025 annual totals, Eurostat COMEXT. EU trade board →

Electricity & grid

National sources · carbon from Ember

Electricity costs →

Industrial

120

EUR/MWh

Consumer

195

EUR/MWh, all-in

Grid carbon

97

gCO₂e/kWh

Renewables

99%

of generation

regulated market

Power market

Export-revenue + dam debt

Market model

State monopoly (UTE)

Direct PPA

None

grid access: closed

Reserve margin

Regulator

Independent

Unidad Reguladora de Servicios de Energia y Agua (URSEA)

A 99% renewable grid (hydro + wind + solar) with UTE as the sole utility, but surplus generation in wet/windy years must be exported to Argentina and Brazil at low prices because there is no domestic demand to absorb it…

Power markets: full layer →

Tracked infrastructure

Operating assets tracked by Global Energy Monitor (CC BY 4.0); counts are tracked facilities, not exhaustive totals. Energy overview →

Monitored ports (2)

MontevideoNueva Palmira

Source: IMF PortWatch. Port count reflects monitoring coverage, not economic significance.

Demographics

UN World Population Prospects 2024 · medium variant

ASEAN demographics →

Median age

36.1

→ 45.2 by 2050

Fertility

1.4

below replacement

Working-age

65.7%

aged 15–64

Old-age dep.

24.4

→ 37.4 by 2050

Median age 1990–2050

Population 3.39M · peaks 2024

By 2050: -4% (3.25M)