Uruguay Customs Import Data Update - July 2024

Publishing Date：2024-08-09 15:42:48 Source: NBD Data(en.nbd.ltd)

I. Overall Data Overview

In July 2024, Uruguay's import activities demonstrated significant growth, reflecting the country's robust demand in the global supply chain. Despite a 13.78% month-on-month decrease in the total number of import records and a 10.55% year-on-year decrease, the total import value surged. The total import value for this month reached USD 1.89 billion, representing a 21.73% increase from the previous month and an 11.81% increase compared to the same period last year. This growth indicates strong demand for high-value goods in Uruguay.

The number of active buyers also increased this month, reaching 5,467, a rise of 8.09% month-on-month and 6.67% year-on-year. This data suggests a more dynamic market with increased participation from various enterprises.

II. Top 5 Imported Product Categories

Uruguay's top five imported product categories in July 2024 showed diverse demand across different sectors:

  1. HS Code 470329 - Other Pulp: The total import value for this category was USD 180.78 million, marking a 50.58% month-on-month increase and a 60.21% year-on-year increase. This significant growth underscores the strong demand for raw materials in Uruguay's industrial sector.

  2. HS Code 271600 - Electrical Energy Products: This category maintained a stable import value of USD 112 million, with no month-on-month change but a substantial 47.37% year-on-year increase. This stability reflects Uruguay's ongoing investments in energy supplies.

  3. HS Code 270900 - Crude Oil and Petroleum Products: The total import value for this category was USD 87.06 million. Despite having no import data for the previous month, this category saw a 12.67% year-on-year increase, indicating continued demand for petroleum in Uruguay.

  4. HS Code 300490 - Pharmaceutical Products: This category saw an import value of USD 52.11 million, with a 35.99% month-on-month increase but a 4.72% year-on-year decrease. This fluctuation reflects the dynamic nature of the pharmaceutical market.

  5. HS Code 330210 - Fragrances and Flavors: The import value for this category was USD 42.22 million, with a 4.47% month-on-month decrease but a 3.52% year-on-year increase, suggesting a stable demand for fragrance products.

III. Top 5 Products Imported from the United States

The following are the top five product categories imported from the United States to Uruguay:

  1. HS Code 330300 - Perfume and Cosmetics: The total import value for this category was USD 5.21 million, reflecting a 5.10% month-on-month decrease and a 13.88% year-on-year decrease. Despite these declines, cosmetics remain a key import from the U.S.

  2. HS Code 852872 - Television Receivers: This category experienced a significant month-on-month increase of 120.23% and a 156.87% year-on-year increase, with a total import value of USD 3.75 million. The strong demand for electronics is evident in these figures.

  3. HS Code 841510 - Air Conditioning Machines: The import value for this category was USD 1.40 million, showing a remarkable 707.08% month-on-month increase and a 519.70% year-on-year increase. The surge in demand for air conditioning units is particularly noteworthy.

  4. HS Code 220830 - Whisky: This category saw a total import value of USD 1.21 million, reflecting a 22.43% month-on-month decrease and a 25.90% year-on-year decrease. The decline may suggest changes in consumer preferences or market conditions.

  5. HS Code 220421 - Wine: The total import value for wine was USD 1.01 million, with a 140.91% month-on-month decrease and a 29.42% year-on-year decrease, indicating a significant drop in wine imports.

IV. Top 10 Trade Regions Exporting to Uruguay

Uruguay's import sources were diverse, with the top 10 regions contributing significantly to the overall import value:

  1. Uruguay (Domestic Imports): Totaling USD 483.12 million, this category saw a 23.49% month-on-month increase and a 10.80% year-on-year increase, indicating a strong internal trade flow.

  2. Brazil: Imports from Brazil reached USD 374.25 million, with a 17.56% month-on-month increase and a 26.17% year-on-year increase, reflecting robust trade ties.

  3. China: Imports from China amounted to USD 221.76 million, with a 36.48% month-on-month increase and a 50.38% year-on-year increase, highlighting China's growing importance as a trade partner.

  4. Argentina: Argentina's exports to Uruguay totaled USD 178.82 million, showing a 16.25% month-on-month increase but a 19.63% year-on-year decrease, suggesting possible shifts in trade dynamics.

  5. Turkey: Imports from Turkey surged to USD 95.29 million, a staggering 1027.28% month-on-month increase and a 590.25% year-on-year increase, indicating a dramatic rise in trade activity.

  6. Unknown: Imports from unknown regions totaled USD 92.03 million, with a 13.46% month-on-month increase and a 19.86% year-on-year increase, reflecting growing trade from less defined regions.

  7. Paraguay: Imports from Paraguay reached USD 48.17 million, with a 37.44% month-on-month increase but a 17.96% year-on-year decrease, showing mixed trends.

  8. Mexico: Imports from Mexico totaled USD 38.49 million, a 17.24% month-on-month decrease but a 4.03% year-on-year increase, indicating moderate trade activity.

  9. United States: Imports from the U.S. amounted to USD 30.41 million, with a 21.76% month-on-month increase and a 19.96% year-on-year increase, maintaining the U.S.'s strong trade presence.

  10. Germany: Imports from Germany totaled USD 22.22 million, with a 3.70% month-on-month decrease and a 13.69% year-on-year decrease, reflecting a decline in trade with Germany.

Conclusion

Uruguay's import activity in July 2024 showed strong growth, particularly in high-value product categories such as energy products, pharmaceuticals, and automotive components. The data suggests that Uruguay's demand for essential goods and advanced technologies remains strong. NBD Data will continue to monitor global market trends to provide the most accurate and up-to-date customs data analysis to help businesses capitalize on emerging opportunities.

Disclaimer: The data and analysis in this report are derived from NBD Data's statistical results and may contain some errors. Users should verify these data independently. NBD Data is not responsible for any consequences arising from the use of this report's information.

For more detailed information, please visit NBD Data's official website.

Related Recommendations

Offer

Inside Ghana’s Import Growth: February 2025 Trade Highlights and Strategic Insights

2025-04-04 13:48:56

n February 2025, Ghana's import sector showcased remarkable growth, signaling new trade opportunities and shifting dynamics among key products and partners. According to trusted trade analytics from NBD DATA, Ghana recorded $1.58 billion USD in total imports, reflecting an 8.29% increase from January’s $1.46 billion. This surge is backed by high activity across multiple industries, with 249,073 import records filed in February alone.Product Categories with Explosive GrowthAmong the standout performers in February were several HS codes that saw unprecedented month-over-month increases. Notably:HS 470321: Chemical wood pulp, soda or sulphate, unbleached — commonly used in tissue and sanitary product manufacturing. This product dominated the growth chart, with companies such as:SOFTCARE FM MANUFACTURING LIMITED CO.importing $952,318DELTA PAPER MILL LTD.importing $215,757AYAPON A B WINSUN LTD.importing $91,757These firms sourced mainly from the United Statesand Brazil, highlighting Ghana’s increasing demand for raw pulp materialsin its hygiene product sector.HS 283429: Other nitrates, including lead nitrate, an industrial chemical used in mining and metallurgy. Import value surged by over 532,000%, primarily by:KIAKA SA, importing $417,770 from South Africa.These explosive figures illustrate a clear trend: Ghana is rapidly expanding its industrial and manufacturing capacity, with high-value imports to support domestic production.Ghana's Top Import Partners – February 2025As of February, China remained Ghana’s largest import partner, contributing $300.6 million USD in goods. Other top countries include:Netherlands: $88.6 millionIndia: $88.5 millionUnited Arab Emirates: $87.3 millionThese nations not only supplied a wide variety of goods but also maintained high engagement, with thousands of importers and exporters involved. Notably, China accounted for 3,758 exporters and 3,846 importers, dealing in over 2,700 distinct product categories.This diversified import structure emphasizes Ghana’s multi-polar sourcing strategy and resilience against single-market dependency.Rapidly Growing Trade RelationshipsBeyond traditional partners, Ghana is forming fast-growing trade ties with several emerging markets. In February 2025, the five fastest-growing trade partner countries in terms of import value were:BangladeshTurkeyIndonesiaVietnamMalaysiaThese countries are increasingly supplying Ghana with consumer electronics, textiles, and light machinery, marking a new trend in the country's import diversification strategy.Fastest Growing Product Categories by HS CodeGhana also witnessed rapid growth across several strategic product categories, particularly:HS 852872: Reception apparatus for television, colorHS 300490: Medicaments not in measured dosesHS 870899: Parts and accessories of motor vehiclesHS 392690: Other articles of plasticsHS 841869: Refrigerating or freezing equipmentThese imports signal a rising demand for consumer goods, medical items, and vehicle components, pointing to a maturing consumer market and an expanding middle class.Monthly Import Trend: What Lies Ahead?Looking at the last six months, Ghana's import performance reveals a healthy but volatile trajectory:September 2024: $1.58 billionOctober 2024: $1.27 billionNovember 2024: $1.53 billionDecember 2024: $1.72 billion (peak)January 2025: $1.46 billionFebruary 2025: $1.58 billionDespite fluctuations, the overall trend points to a strong recovery from October's dip, with February regaining momentum. The pattern suggests a stable upward trajectory as Ghana navigates inflationary pressures and global supply chain adjustments.With importers becoming more sophisticated in sourcing and category selection, and trade volumes diversified across continents, Ghana's foreign trade is entering a more resilient phase.Conclusion: What This Means for Traders and AnalystsAs Ghana's trade dynamics continue to evolve, February 2025 serves as a bellwether month. The surge in high-value imports, expanding partnerships, and rising demand across core categories underscores the need for businesses to monitor market movements closely.Platforms like NBD DATA provide real-time access to customs-level trade intelligence, empowering exporters, manufacturers, and policy makers with actionable insights across over 40+ countries.If you're targeting growth in West Africa, now is the time to understand what Ghana is importing, who the top players are, and where the momentum is building....

Offer

February 2025 Bangladesh Import Data Insight: Trade Partners, Product Trends, and Key Players

2025-04-03 19:16:35

According to the latest data released by NBD DATA, Bangladesh imported a total of $6,694,771,616 worth of goods in February 2025, across 338,552 customs declarations. While there was a slight month-over-month decline of 2.40%, the overall volume reflects a strong and active trade position for the country. This continued demand reinforces Bangladesh’s growing role in global supply chains and manufacturing networks.Monthly Import Trend: High-Level Stability with Structural AdjustmentsLooking at the past six months, Bangladesh’s import trajectory shows both resilience and strategic adjustment. After peaking in December 2024 at $7.16 billion, imports slightly declined in January 2025 to $6.86 billion, and continued a mild drop to $6.69 billion in February. This trend is consistent with seasonal and structural recalibration, as Bangladesh transitions from volume-driven to value-driven import growth, particularly in high-tech materials and manufacturing inputs.Product Highlights: PTFE and Apparel Components Lead GrowthAmong the top-performing product categories this month, two stood out due to extraordinary growth rates.HS Code 390461— PTFE (Polytetrafluoroethylene) powder saw an explosive month-over-month increase of 5275320.00%, with a total import value of $263,771. PTFE is widely used in high-performance applications such as electronics insulation, chemical-resistant coatings, and semiconductor manufacturing. This surge indicates that Bangladesh is intensifying its investment in precision manufacturing and industrial infrastructure. Key importers include:LIRA INDUSTRIAL ENTERPRISE LTD.RFL PLASTICS LIMITED.BENGAL CARBONTECHNOLOGIES.Another high-growth product is HS Code 620140— jackets made of synthetic fibers, primarily imported as semi-finished goods for local processing. Imports reached $361,847, up 3289418.18% from the previous month. The key trader, KIDO BD CO. LIMITED, reflects how Bangladesh’s apparel sector continues to be a global outsourcing hub for fashion and garments.Product keywords worth noting:PTFE PowderJacketTop 10 Trade Partners: Dominance of Asia with Strategic Western LinksBangladesh’s imports are primarily sourced from a stable network of regional and global partners. February’s top 10 countries by import volume include:China tops the list with $1.62 billion in goods, accounting for over 24% of total imports. With 21,831 exporters, 8,078 importers, and over 3,413 product categories, China remains Bangladesh’s primary supplier for machinery, electronics, chemicals, and textiles.India follows with $924.87 million, 9,462 exporters, and 2,446 product types, reflecting a diverse portfolio including pharmaceuticals, fertilizers, and automotive components.Indonesia comes third with $508.05 million, and more concentrated trading activity across 606 exporters and 561 importers, mainly in palm oil, rubber, and industrial inputs.Brazil stands out for bulk commodities like soybean, meat, and pulp, contributing $503.22 million despite just 296 exporters.Singapore supplied $393 million, largely consisting of re-exported electronics and telecom equipment. The trade was distributed across 396 exporters and 380 product categories, showcasing its role as a logistics hub.Rounding out the list are Malaysia, Australia, Canada, Morocco, and the United States. Notably, the U.S. provided 841 product types, more than any country after China, indicating the diversity of American exports, particularly in high-tech and medical sectors.Fastest Growing Trade Partners: Emerging OpportunitiesSmaller economies made surprising entries into Bangladesh’s import ecosystem:Trinidad and Tobago registered an astounding 2389993.33% growth, likely due to first-time bulk orders in chemicals or fuels.Macao (China), Iran, Namibia, and Bosnia and Herzegovina also saw growth rates exceeding 10,000%, signaling new supply routes or product categories entering the market.These shifts point to Bangladesh’s evolving trade diversification strategy, exploring new sources to enhance supply chain resilience.HS Code Growth Insight: Key Products Powering Industrial TransformationBeyond PTFE and garments, several other product categories showed significant growth:HS Code 848180— Industrial valves, used in oil, gas, and infrastructure projects, saw increased demand, supporting heavy industrial growth.HS Code 721934— Cold-rolled stainless steel plates, vital for machinery and building construction.HS Code 850440— Power converters and voltage regulators, indicating rising investment in energy systems and electronics manufacturing.These trends underline Bangladesh’s gradual shift from labor-intensive processing to capital- and technology-intensive production.Strategic Outlook from NBD DATAAs analyzed by NBD DATA, the February 2025 import snapshot provides more than just trade figures — it outlines Bangladesh’s accelerating path toward industrial diversification, digital infrastructure, and global manufacturing integration. From engineering plastics to advanced apparel processing, opportunities abound for exporters who can align with Bangladesh’s evolving demand....

Offer

October 2024: Key Insights into Uzbekistan Imports and Exports You Need to Know

2024-11-25 14:35:07

Uzbekistan, a critical hub in Central Asia, continues to show dynamic trade activities in 2024. Customs data, a vital tool for understanding global trade trends, reveals significant shifts in Uzbekistan's import and export markets this October. From energy products to pharmaceuticals, this article provides a detailed analysis of the latest import data from Uzbekistan. Leveraging insights from October 2024 data, businesses can identify emerging opportunities and optimize their strategies for this key import market.Uzbekistan's October 2024 Import Data OverviewIn October 2024, Uzbekistan recorded a total of 506,191 import entries, reflecting a 13.39% increase from the previous month and a 36.09% growth year-on-year. The total import value reached $4.29 billion, up by 15.69% month-on-month and 8.31% compared to October 2023.The number of buyers increased to 14,889, showing an 11.62% rise from September 2024, and the number of suppliers reached 18,644, marking a 12.01% month-on-month growth. Year-on-year, these figures represent a 1.67% increase in buyers and a 6.64% rise in suppliers. This surge highlights growing demand across various sectors, particularly in energy, machinery, and pharmaceuticals, positioning Uzbekistan as a growing player in international trade.Top Five Import Categories in Uzbekistan for October 2024HS Code 271121 – Natural Gas in Gaseous StateUzbekistan imported $220.75 million worth of natural gas in October. While this represents a $62.27 million decrease month-on-month, it reflects a significant $176.65 million increase year-on-year. The growth indicates higher reliance on imports for industrial and domestic energy demands.HS Code 870380 – Passenger Vehicles (Hybrid)Hybrid vehicle imports totaled $89.97 million, marking a $18.20 million month-on-month growth and a slight $1.03 million decrease year-on-year. This aligns with Uzbekistan's shift toward environmentally friendly transportation.HS Code 300490 – Medicinal ProductsThis category accounted for $84.96 million, increasing by $14.61 million month-on-month but declining by $29.09 million year-on-year. The demand reflects steady growth in healthcare spending, despite fluctuations.HS Code 271019 – Refined Petroleum ProductsImports reached $84.25 million, with a $15.59 million month-on-month increase and a $52.98 million year-on-year surge, emphasizing Uzbekistan's focus on expanding energy storage and refining capacity.Major Buyers in Uzbekistan’s Import MarketNatural Gas (HS 271121):Buyer: АО "UZGASTRADE"October Purchase: $220.75 millionChange: Down $62.27 million month-on-month, up $176.65 million year-on-yearBanknotes and Securities (HS 490700):Buyer: АКБ ХАМКОРБАНКOctober Purchase: $135 millionChange: Up $15 million month-on-month, up $30 million year-on-yearHybrid Passenger Vehicles (HS 870380):Buyer: СП ООО "BYD UZBEKISTAN FACTORY"October Purchase: $13.57 millionChange: Up $4.37 million month-on-month, up $10.79 million year-on-yearMedicinal Products (HS 300490):Buyer: ООО GRAND PHARM TRADEOctober Purchase: $10.28 millionChange: Up $1.04 million month-on-month, down $4.15 million year-on-yearMedicinal Products (HS 300490):Buyer: ООО MEROS PHARMOctober Purchase: $5.27 millionChange: Up $1.18 million month-on-month, down $2.91 million year-on-yearAnalysis of Uzbekistan’s Imports from ChinaChina remained a leading trade partner in October 2024, with $64.65 million in imports. Key products included hybrid vehicles, telecommunications equipment, and electronics. Hybrid vehicle imports (HS 870360) increased by $35.07 million month-on-month, reflecting a rising preference for fuel-efficient technologies. Similarly, telecommunications equipment (HS 851713) grew by $2.85 million month-on-month due to the rapid expansion of digital infrastructure.Uzbekistan’s Major Trade PartnersChina, Russia, and Turkey continued to dominate Uzbekistan's import market. China accounted for $646.50 million in total trade, with a $80.13 million month-on-month increase. Russia's imports reached $302.04 million, boosted by machinery and energy exports. Meanwhile, Turkey contributed $121.14 million, primarily in textiles and construction materials.Currency Exchange TrendsUzbekistan’s exchange rate fluctuated over the past 12 months, ending at 12,799.28 UZS/USD in October 2024. While the local currency depreciated steadily, the pace slowed in Q4. This stability could positively influence import prices and purchasing power. Future trends indicate slight depreciation due to inflationary pressures....

Global Trader List： A B C D E F G H I J K L M N O P Q R S T U V W X Y Z