Since then, the bilateral relations have maintained a momentum of stable and smooth advancement. The two sides have kept on exchanging high level visits and achieved a continuous expansion of trade and economic cooperation. China and Uruguay extend assistance to each other and enjoy close collaboration in international organizations and conferences. Since the establishment of diplomatic relations, Sino-Uruguayan trade has been increasing rapidly. Currently, China is the fourth largest trading partner of Uruguay.
China mainly imports wool from Uruguay, and is the largest wool buyers of it.
In addition to wool, China also imports leather and frozen fish from Urugury. Hardware tools, household appliances, daily light industry products and textiles are among Uruguay's imports from China. With a short history since the establishment of diplomatic relations, mutual economic and technical cooperation is still at its initial stage. China has negotiated investment of 500 thousand US dollars in Uruguay and Uruguay has 2.7 million US dollars of negotiated investment in China. After the signing of the cultural and educational cooperation agreement, the governments of China and Uruguay signed three follow-up plans of action on cultural exchanges.