The Montevideo in Uruguay report provides comprehensive city level information benchmarked against other cities in the country and region. The report includes historic data and forecasts on city population, consumer expenditure, digital penetration,… Contact online >>
The Montevideo in Uruguay report provides comprehensive city level information benchmarked against other cities in the country and region. The report includes historic data and forecasts on city population, consumer expenditure, digital penetration,
Economic Trends. Leading think tank CERES estimates the United States is now Uruguay''s largest export market when considering both goods and services, taking in 21.3 percent of total exports, just ahead of the People''s Republic of China (China) at 21 percent. However, Uruguay does not include services in trade statistics and only reports on
Montevideo in Uruguay helps to evaluate potential market size by city and formulate a more informed image of the urban consumer. Key economic indicators combined with income, spending and employment data help businesses map potential market sizes.
The report contains detailed tourism, retail, construction, technology and public infrastructure data and insight into economic, social, and industry trends. Scope - The service sector remains the key contributor to the regional economy - and the major employer.
Montevideo is a port city and the capital of Uruguay, with colonial-era buildings as well as beautiful beaches. In the fight against corruption, Uruguay is the regional top...
Official websites use .govA .gov website belongs to an official government organization in the United States.
Secure .gov websites use HTTPSA lock ( ) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.
Top six reasons why U.S. companies should consider exporting to Uruguay:
Leading think tank CERES estimates the United States is now Uruguay''s largest export market when considering both goods and services, taking in 21.3 percent of total exports, just ahead of the People''s Republic of China (China) at 21 percent. However, Uruguay does not include services in trade statistics and only reports on goods. In 2021, Uruguay was the 65th largest export destination for U.S. exports of goods, and two-way trade in goods equaled $2.4 billion according to U.S. Trade Representative (USTR) statistics. Anchor
When only considering goods, and not services, according to the trade agency, Uruguay XXI, Uruguay´s top 2022 goods export destinations for goods were China (28 percent), EU (15 percent), Brazil (14 percent), Argentina (9 percent), the United States (6 percent), and Mexico (3 percent). China remains the main destination of Uruguay´s goods exports, a position which they have held since 2013. In 2022, the United States ranked fifth as a destination for Uruguay´s goods exports for a total of $784 million dollars.
In 2022, Uruguay imported a total of $10.9 billion dollars in goods (excluding petroleum), which implies a 22 percent increase year-on-year. Vehicles represent the largest import product, totaling $1.079 million and a 28 percent increase on the previous year. Agricultural chemicals were second, totaling $991 million. Food imports increased by 16 percent year-on-year, totaling $615 million. Clothing and footwear imports were fourth with a value of $525 million, followed by $486 million in technology imports. Plastics imports were sixth, valued at $447 million dollars.
In 2022, Brazil was the main source of Uruguay''s imports representing 23 percent of the total, with China at second, with 21 percent. Argentina was third, with 13 percent, and the United States was fourth representing 6 percent of the total.
Uruguay is also an attractive market for international companies and Uruguay has received foreign direct investment (FDI) given investor confidence in the country''s institutional framework and economic policies. In 2020 the United States had the fourth largest stock of FDI, reflecting its longstanding presence in the country. About 170 U.S companies employ over 25.000 Uruguayans. For more information on FDI into Uruguay, please see the Investment Climate Statement section of this document.
Political & Economic Environment: State Department''s website for background on the country''s political environment.
International Trade AdministrationU.S. Department of Commerce1401 Constitution Ave NWWashington, DC 20230
TheInternational Trade Administration,U.S. Department of Commerce, manages this global trade site to provide access to ITA information on promoting trade and investment, strengthening the competitiveness of U.S. industry, and ensuring fair trade and compliance with trade laws and agreements. External links to other Internet sites should not be construed as an endorsement of the views or privacy policies contained therein. This site contains PDF documents. APDF readeris available from Adobe Systems Incorporated.
Please read the description and table of contents of this research report given below to check whether it meets your research requirements. If not, then please do not hesitate to contact us using "Report Enquiry" form given below. We can customize this research report or suggest a new fully customized market research report to meet your research goals and data requirements.
Montevideo - Comprehensive Overview of the City, PEST Analysis and Analysis of Key Industries including Technology, Tourism and Hospitality, Construction and Retail
"City Profile - Montevideo" provides historical and forecast data on key city level metrics along with analytical coverage of the latest political, economic, social, technological, infrastructural, legal and environmental issues affecting Montevideo.
Montevideo metropolitan area in Uruguay recorded 2.03 million inhabitants in 2021. Department of Montevideo in the area is the capital of Uruguay. The area''s economy experienced steady growth over past few years, led by increased exports of goods and services and information and communication technology (ICT). In 2021, the area accounted for a major 57.4% of the total country''s GDP
The report contains detailed tourism, retail, construction, technology and public infrastructure data and insight into economic, social, and industry trends.
- The service sector remains the key contributor to the regional economy - and the major employer.- Tourism plays an import role in the Uruguayan economy. However, economic activity in the area''s tourism sector slowed down in H1 2020 due to cross-border restrictions caused by the COVID-19 pandemic.- The area opened to receive tourists from around the world in November 2021. The COVID-19 pandemic brought activities to a standstill in the area''s construction sector. However, the sector is projected to witness robust growth in the future led by important projects.
- Gain a comprehensive knowledge of future economic and demographic trends and understand the performance of various sectors within the city.- Analyze and understand the business environment in the city to align your investment and expansion strategies.- The report helps to drive a conclusion in choosing a suitable city to invest or expand according to your business structure.- Explore new opportunities in the hospitality, tourism, construction, real estate and retail sectors.
Table of ContentsCity SnapshotPEST AnalysisPoliticalEconomicSocialTechnology and InfrastructureCommunicationsInternal Transport NetworksConnectivityAirportsPortsBusiness Environment AnalysisTravel and TourismTourism FlowsHotelsAttractionsEventsConstruction and Real EstateInvestmentReal Estate MarketRetailRetail MarketConsumption, Income and PricesAppendixSourcesFurther ReadingAsk the AnalystAbout MarketLineDisclaimer
List of FiguresList of FiguresFigure 1: Montevideo metropolitan area - real GDP and real GDP growth, 2000-25Figure 2: Montevideo metropolitan area - economic growth comparison (Index 2010=100), 2000-25Figure 3: Montevideo metropolitan area - GDP per capita comparison, 2000-25Figure 4: Montevideo metropolitan area- employment structure, 2000-25 (% of total)Figure 5: Montevideo metropolitan area - population comparison, 2000-25Figure 6: Montevideo metropolitan area - population by age, 2000-25 (% of total)
Do you have more questions related to this market research report after going through the description and table of contents?
We are here to help. Please use the form given below to let us know your questions related to this report.
Kindly use your official email address and contact number to ensure speedy response.
About Industry and market trends montevideo
As the photovoltaic (PV) industry continues to evolve, advancements in Industry and market trends montevideo have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity.
When you're looking for the latest and most efficient Industry and market trends montevideo for your PV project, our website offers a comprehensive selection of cutting-edge products designed to meet your specific requirements. Whether you're a renewable energy developer, utility company, or commercial enterprise looking to reduce your carbon footprint, we have the solutions to help you harness the full potential of solar energy.
By interacting with our online customer service, you'll gain a deep understanding of the various Industry and market trends montevideo featured in our extensive catalog, such as high-efficiency storage batteries and intelligent energy management systems, and how they work together to provide a stable and reliable power supply for your PV projects.
