Trade and investment between India and Uruguay

This article sets out the economic relationship between India and Uruguay: the value of trade, the goods each country sells to the other, Indian companies in Uruguay, and the India-MERCOSUR trade agreement that covers Uruguay. It draws on the MEA bilateral brief dated 20 July 2026.

Trade figures

According to the MEA brief of July 2026, bilateral trade stood at USD 238.44 million in 2025 (January to November). Of this, Indian exports constituted USD 159.14 million. The brief gives imports from Uruguay as USD 79.29, without stating a unit. Its source for these figures is Datamyne.

These figures cover January to November 2025 only, and the brief does not give figures for earlier years.

What is traded

The main exports from India to Uruguay are:

plastics
petroleum oils
vehicles
auto parts
organic chemicals

The main exports from Uruguay to India are:

timber
shorn wool
edible oils
iron and steel casings and tubes
inorganic chemicals

Indian companies in Uruguay

Tata Consultancy Services (TCS) established a software development centre and regional training centre in Montevideo in 2002. The brief records that this was the first ever such centre in Latin America, and that it now employs more than 3,500 employees, including about 800 Indians.

Another company, Infogain (Tenarai), described in the brief as an Indo American company, opened a delivery center in Montevideo in April 2022.

MERCOSUR and the Preferential Trade Agreement

Uruguay hosts the headquarters of MERCOSUR in Montevideo. The brief describes MERCOSUR as a trade bloc of southern LAC (Latin America and Caribbean) countries, including Argentina, Brazil, Paraguay and Uruguay.

An India MERCOSUR Preferential Trade Agreement (PTA) was signed on 25 January 2004 and became operational in June 2009. It is the only trade agreement covering Uruguay that the brief mentions.

Economic contacts during visits

Economic subjects have featured in some of the visits recorded in the brief. During his visit to Uruguay from 28 February to 01 March 2025, Minister of State Pabitra Margherita interacted with Uruguay's Minister of Industry, Energy and Mining, Ms. Fernanda Cardona. When Deputy Foreign Minister Nicolás Albertoni visited India for Foreign Office Consultations in March 2023, he met India's Minister of Commerce & Industry as well as the External Affairs Minister.

Since the brief of July 2026

Later developments in India and Uruguay relations, from MEA publications, newest first. The article above reports the brief at its date.

Questions and answers

What is the value of India-Uruguay trade?

According to the MEA brief of July 2026, bilateral trade stood at USD 238.44 million in 2025 (January to November), with Indian exports of USD 159.14 million.

Which Indian companies operate in Uruguay?

TCS established a software development centre and regional training centre in Montevideo in 2002, which now employs more than 3,500 people including about 800 Indians. Infogain (Tenarai) opened a delivery center in Montevideo in April 2022.

Does India have a trade agreement with Uruguay?

India has a Preferential Trade Agreement with MERCOSUR, of which Uruguay is a member. It was signed on 25 January 2004 and became operational in June 2009.

Sources

This article reports what the sources state at their date and does not add facts from elsewhere. Figures, office holders and agreements may have changed since. Diplo is independent and not affiliated with any government. Suggest a correction.