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Russia’s trade turnover with Uruguay, while admittedly small, grew by 70% year-on-year to US$123 million in H1 2025, according to the Russian plant and animal health watchdog Rosselkhoznadzor. This suggests a total 2025 Russia-Uruguay bilateral trade figure of US$246 million may be achievable.
The comment was made after a meeting of the Russia-Uruguay joint commission for promoting trade and economic ties, with the commission co-chaired by Rosselkhoznadzor head Sergei Dankvert and Uruguayan Deputy Foreign Minister Valeria Csukasi.
Dankvert said that Uruguay is one of Russia’s traditional international commerce partners in Latin America, with 2023/24 trade growing by 23% to US$150.2 million in 2024. This comprised Russian exports to Uruguay increasing by 42.2% to US$58.3 million and imports from Uruguay growing by 13.9% to US$91.9 million.
He said Russia regularly supplies mineral fertilizer to Uruguay, shipping 114,000 tonnes worth US$43.5 million in 2024 compared to 69,000 tonnes worth US$30 million in 2023. Uruguay, meanwhile, is a significant supplier of foodstuffs and agricultural commodities. Russia imported 29,000 tonnes of products worth US$90 million from the country in 2024, up from 21,000 tonnes worth US$76 million a year earlier.
Promising areas of bilateral cooperation also include joint projects in energy, transportation, information technology, healthcare and pharmaceuticals, and agriculture.
A statement by Rosselkhoznadzor said “In light of the changes in the geopolitical situation and the influence of external factors on the development of Russian-Uruguayan trade, we need to take practical steps to develop future cooperation by building new transport routes, work out effective interbank relations, and look for new avenues in project investment.”
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