Brazil has been the main destination of Uruguayan exports since 2001, except for the period between 2004 and 2005. In 2012, Uruguayan products were exported to Brazil for a value of US$ 1.74 billion, accounting for 20% of total exports, representing a 6.2% increase with respect to the previous year. Noteworthy among the main exported products were milk and cream, malt and PET (plastic packaging articles). Wheat and soy exports from the Nueva Palmira Free Trade Zone to Brazil reached an approximate value of US$ 93.5 million and US$ 12.7 million, respectively, this same year.
Brazil is also the fourth country of origin of investments in Uruguay (2011), accounting for 7% of the total Foreign Direct Investment (FDI). Approximately 50 Brazilian-funded companies are estimated to be established in the country, mainly engaging in the sectors of food, beverages, tobacco, construction, meatpacking, and financial and transportation services.