2022
Flag  
GDP
$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP GROWTH
-22.1%CURRENT US$
Rnk 180 / 186
2022
Flag
 GDP
$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH
31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
GDP PC 
$8,918CURRENT US$
Rnk 82 / 186
2012-2022
Flag
GDP PC GROWTH
-27.7%CURRENT US$
Rnk 177 / 186
2022
Flag
GDP PC
$20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH
29.3%CURRENT US$
Rnk 65 / 186

About

Brazil-Uruguay Trade: In 2022, Brazil exported $2.92B to Uruguay. The main products that Brazil exported to Uruguay were Crude Petroleum ($346M), Cars ($233M), and Delivery Trucks ($158M). Over the past 5 years the exports of Brazil to Uruguay have increased at an annualized rate of 4.32%, from $2.37B in 2017 to $2.92B in 2022.

In 2022, Brazil did not export any services to Uruguay.

Uruguay-Brazil Trade: In 2022, Uruguay exported $1.69B to Brazil. The main products that Uruguay exported to Brazil were Delivery Trucks ($236M), Malt ($223M), and Concentrated Milk ($178M). Over the past 5 years the exports of Uruguay to Brazil have increased at an annualized rate of 4.95%,  from $1.32B in 2017 to $1.69B in 2022.

In 2022, Uruguay did not export any services to Brazil.

Comparison: In 2022,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B). That same year, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Brazil exported $2.92B to Uruguay. The main products exported from Brazil to Uruguay were Crude Petroleum ($346M), Cars ($233M), and Delivery Trucks ($158M). During the last 5 years the exports of Brazil to Uruguay have increased at an annualized rate of 4.32%, from $2.37B in 2017 to $2.92B in 2022.

In 2017, Uruguay exported $1.69B to Brazil. The main products exported from Uruguay to Brazil were Delivery Trucks ($236M), Malt ($223M), and Concentrated Milk ($178M). During the last 5 years the exports of Uruguay to Brazil have increased at an annualized rate of 4.95%, from $1.32B in 2022 to $1.69B in 2017.

Exports from Brazil (Flag) to Uruguay (Flag) (2022)

Exports from Uruguay (Flag) to Brazil (Flag) (2022)

Market Competitiveness

Color
Brazil
Top Destination
China$90.1B
Uruguay
Top Destination
China$2.89B

This map shows whether countries import more from Brazil or Uruguay. Each country is colored based on the difference in imports they receive from Brazil and Uruguay or the difference in the growth in imports.

In 2022, countries that imported more from Brazil than Uruguay included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

In 2022, countries that imported more from Uruguay than Brazil included French Polynesia ($21.8M).

Difference in imports from Uruguay (Flag) and Brazil (Flag) (2022)

Comparative Advantage Brazil - Uruguay

Flow
Scale

This chart compares trade between Brazil and Uruguay by product, considering products traded by both, Brazil and Uruguay.

During 2022, Brazil had a large net trade with Uruguay in the exports of Transportation ($577M), Mineral Products ($401M), and Machines ($288M).

During 2017, Uruguay had a large net trade with Brazil in the exports of Vegetable Products ($379M), Animal Products ($334M), and Transportation ($329M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Uruguay+$107MCrude Petroleum
Top Product Potential Uruguay Brazil+$14.9MFrozen Bovine Meat

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Brazil and Uruguay. This means that a dot/product with the flag of Brazil indicates it has a comparative advantage over Uruguay. Similarly, a dot/product with the flag of Uruguay indicates it has a comparative advantage over Brazil.

Product Space of Brazil (Flag) and Uruguay (Flag) (2022)

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