The Oriental Republic of Uruguay in South America is a tiny vibrant country both in terms of trade and culture. The nation holds a population of 5 million and occupies a land area of 176,215 square kilometers. Although the country has a comparatively small land surface due to its higher fertility rate it is growing its economy in a rapid manner mainly based on agricultural export trades like beef, soybeans, rice, and dairy products and import trades of industrial machinery. The country shares its vast land area with Brazil and Argentina in the north and west and is bordered by the Atlantic Ocean on the eastern coast.
Montevideo the capital city of the nation is the largest port of the nation with most of the industries residing there contributing to trade rates. The expanding trades of the nation have recorded a GDP of 67 billion US dollars in 2023 with an increase growth rate of 6% from the previous year’s says the Uruguay Customs Data.