Food sector in Uruguay

Executive Summary

• The country is a key player in regional and global supply chains, with opportunities ranging from primary food production to manufacturing and trading or service centers.

• The local food industry, with industrial and/or storage, grading and packaging activities, comprises more than 260 companies, generates 41,000 jobs and exports more than USD 6.5 billion annually. 56% are exporter companies and 27% are foreign-owned.

• The temporary admission regime facilitates the import of duty-free inputs as long as the final product is re-exported.

• Due to its strategic location, multimodal solutions and trade agreements with Mercosur, Chile and Mexico, among others, Uruguay offers access to an expanded market of 400 million people. This facilitates trade and expansion for companies in the region. Proximity to customers and minimal lead times facilitate product customization.

• Uruguay stands out for its vibrant innovative ecosystem, backed by a broad academic offering that includes more than 60 renowned groups and research centers linked to the food sector. It also has strong government support, backed by prestigious institutions.