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India is a key player in international trade, with sustained growth in recent years. Following a downturn in 2020, the country reached a historic record in both exports and imports in 2022. This performance reflects a greater integration of its economy into global trade, driven by strong domestic demand and a well-defined trade structure.
Over the past decade, India has been one of the main countries of origin for many of the products imported by Uruguay. Its specialization in certain products and the ease of access to the Uruguayan market enabled purchases to hover around US$200 million until the disruption caused by the pandemic. After COVID-19, trade continued to grow, with a greater share of Indian imports, but also with an increased volume of exports to the South Asian country, opening a new destination for Uruguay's productive matrix.
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