Relations between Pakistan and Uruguay are marked by cordiality and growing economic interests. With Pakistan aiming to enhance its export footprint in textiles, leather, and pharmaceuticals, Uruguay’s market offers potential for fruitful engagement. The countries enjoy good international cooperation, with a shared commitment to strengthening diplomatic and economic ties through dialogue and collaborative initiatives, fostering a mutually beneficial partnership. Uruguay’s significant beef and wool exports highlight opportunities for diversified trade relations with Pakistan.
Trade Figures for the last five years are as under:
|
Aggregate Bilateral Annual Trade with Uruguay |
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|
Million $ |
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|
Years |
Exports |
Imports |
Total Trade |
Trade Balance |
|
2018-19 |
7.70 |
2.01 |
9.71 |
5.69 |
|
2019-20 |
4.93 |
3.62 |
8.55 |
1.31 |
|
2020-21 |
5.29 |
3.68 |
8.97 |
1.61 |
|
2021-22 |
8.06 |
8.38 |
16.44 |
-0.32 |
|
2022-23 |
7.50 |
15.18 |
22.68 |
-7.68 |
|
2023-24 |
8.04 |
7.38 |
15.42 |
0.66 |