Uruguay's economy is expected to grow by 3% in 2024 and 2025, driven by its agro-industrial chains which are projected to reach an export value of nearly USD 10 billion in 2024, the second highest in the country's history. The country saw exceptional agricultural production, with record yields in wheat and barley, and a significant increase in soybean production. The opening of the third cellulose plant has also boosted forestry activity and exports. However, the livestock sector was negatively affected by water deficit, though a gradual recovery is expected. Despite challenges such as falling export prices and uncertainty in international markets, particularly in China, the rice sector and strengthening domestic demand in Brazil and the United States provide optimism.