Country Information Export Development Canada South and Central America and the Caribbean

Uruguay

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Evaluating the market in Uruguay

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EDC Position

EDC Country Position - Open

Open

What this means:

  • Actively pursuing business
  • All EDC solutions are available in this market, subject to regular approval criteria
How does EDC determine the position?

Risk Rating

EDC Country Position –Low  Medium Risk

Low to Medium Risk

What this means:

The Commercial Country Ceiling (CCC) Risk Rating is measured from low to high, and is meant to represent the best possible rating that can be assigned to a commercial business (obligor) in a country.

How does EDC determine the risk rating?

Business environment in Uruguay

Uruguay’s economic growth will remain subdued in 2016 driven by falling exports and inward investment. The slowdown in neighbouring Argentina and Brazil is contributing to the slowdown through varying sectors. The business environment is strengthened by a stable economic and political environment, strong bank supervision, as well as high levels of international reserves. Total trade represents about half of Uruguay's GDP. As a member of Mercosur, Uruguay has strong trade ties with neighbour countries, however, it continues to seek trade diversification with other markets outside the region. 
  • Construction & Infrastructure
  • Environmental Infrastructure & Waste Water
  • Forestry (Lumber, Pulp & Paper)
  • Power
International Trade Solutions

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Interested in growing your business in this market?

Speak to a Trade Advisor weekdays between 9 am to 5 pm EST.

1-888-220-0047

Or send us a question and we'll get back to you as soon as possible. Send a question

Alicia McCarthy

Senior Trade Advisor, EDC

Alicia McCarthy  Senior Trade Advisor, EDC