Uruguay - SecurityUruguay - Security
Overview
2016 | 2017 | 2018 | |
Total Exports | 6.2 | 5.2 | 5.9 |
Total Imports | 178.0 | 195.6 | 122 |
Imports from the U.S. | 15.0 | 16.3 | 14.3 |
Source: Transaction database – Millions of USD - HS: 8543- 8537-8471-4911-8521-8504-8531-8541-8536-8507) |
Imported electronic components play a very important role in locally manufactured products. Local security importers will continue to import high-tech components to be used in the production of alarms, closed-circuit television (CCTV), panels, and many other related products.
Leading Sub-Sectors
Major construction projects are underway in Montevideo and Punta del Este (Uruguay’s principal seaside resort) in which electronic security products will play a very important role. According to the Uruguayan Chamber of Electronic Security Systems, the electronic security business will continue growing especially in the commercial and industrial fields.
Opportunities
The Uruguayan electronic safety and security market relies heavily on imported products and services. In order to import security equipment and technology, local companies form joint ventures with international firms or become authorized dealers. Uruguayan Customs is the official institution that regulates the importation of all safety and security items, and local importers have to report all imports to Customs. The following chart shows the dollar value of all imports made during 2018 in the following four sub-sectors.
Uruguay’s Electronic Security Imports - 2017
Access Control Systems 48.0 (49.0 in 2017)
CCTV 2.4
Fire Detection Systems 8.7
Intrusion Alarm Systems 62.4 (136.0 in 2017)
Total 122.0 (195.6 in 2017)
Source: Transaction Database – Millions of USD
The following products have the best importation prospects in the four sub-sectors:
· Access Control Systems: smart cards, biometrics, controllers, local area network devices, readers, digital processors.
· Intrusion Alarms: indicator panels, signaling devices, key pad LEDs, batteries, sirens, and magnetic contacts.
· CCTV: cameras, domes, monitors, transmission devices, television transmission apparatus, TV receivers, multiplexers, and CCTV systems.
· Traditionally, U.S. goods compete successfully in Uruguay. However, there is significant price competition from China, Malaysia, Brazil, Spain, and Republic of Korea among others.
Web Resources
- Embassy Contact: Office.Montevideo@trade.gov http://export.gov/uruguay
- Uruguayan Chamber of Electronic Security Systems (Cámara Uruguaya de Seguridad Electronica) – CIPSES – cipses@montevideo.com.uy
- National Statistics Institute (Instituto Nacional de Estadísticas) – INE http://www.ine.gub.uy
- Uruguay Chamber of Industry (Cámara de Industrias del Uruguay) – CIU http://www.ciu.com.uy
- Ministry of Interior (Ministerio del Interior)- http://www.minterior.gub.uy
- Uruguayan Security Fórum (Foro de Seguridad) - http://www.forodeseguridad.com
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