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2022
Flag → Flag
Exports $818MRnk 4 / 168
2022
Flag → Flag
Top Product $275MFrozen Bovine Meat
2022
Flag → Flag
Exports $2.21BRnk 67 / 219
2022
Flag → Flag
Top Product $1.28BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
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Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag  
GDP$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
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GDP GROWTH31.2%CURRENT US$
Rnk 96 / 186
2022
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 GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
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GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
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GDP PC $20,795CURRENT US$
Rnk 49 / 186
2012-2022
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GDP PC GROWTH29.3%CURRENT US$
Rnk 65 / 186
2022
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GDP PC$76,399CURRENT US$
Rnk 8 / 186
2012-2022
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GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

Uruguay-United States Trade: In 2022, Uruguay exported $818M to United States. The main products that Uruguay exported to United States were Frozen Bovine Meat ($275M), Sulfate Chemical Woodpulp ($66.3M), and Other Prepared Meat ($59.7M). Over the past 5 years the exports of Uruguay to United States have increased at an annualized rate of 11.5%, from $474M in 2017 to $818M in 2022.

In 2022, Uruguay did not export any services to United States.

United States-Uruguay Trade: In 2022, United States exported $2.21B to Uruguay. The main products that United States exported to Uruguay were Crude Petroleum ($1.28B), Refined Petroleum ($58.3M), and Mixed Mineral or Chemical Fertilizers ($43.7M). Over the past 5 years the exports of United States to Uruguay have increased at an annualized rate of 14.1%,  from $1.14B in 2017 to $2.21B in 2022.

In 2022, United States did not export any services to Uruguay.

Comparison: In 2022,  Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Uruguay exported $818M to United States. The main products exported from Uruguay to United States were Frozen Bovine Meat ($275M), Sulfate Chemical Woodpulp ($66.3M), and Other Prepared Meat ($59.7M). During the last 5 years the exports of Uruguay to United States have increased at an annualized rate of 11.5%, from $474M in 2017 to $818M in 2022.

In 2017, United States exported $2.21B to Uruguay. The main products exported from United States to Uruguay were Crude Petroleum ($1.28B), Refined Petroleum ($58.3M), and Mixed Mineral or Chemical Fertilizers ($43.7M). During the last 5 years the exports of United States to Uruguay have increased at an annualized rate of 14.1%, from $1.14B in 2022 to $2.21B in 2017.

Exports from Uruguay (Flag) to United States (Flag) (2022)

Exports from United States (Flag) to Uruguay (Flag) (2022)

Latest Data

Trade between Uruguay (Flag) and United States (Flag)

Uruguay Exports

United States Exports

Market Competitiveness

Color
Uruguay
Top DestinationChina$2.89B
United States
Top DestinationCanada$308B

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

In 2022, countries that imported more from Uruguay than United States included American Samoa ($71.5k).

In 2022, countries that imported more from United States than Uruguay included Canada ($308B), Mexico ($294B), and China ($151B).

Difference in imports from United States (Flag) and Uruguay (Flag) (2022)

Comparative Advantage Uruguay - United States

Flow
Scale

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

During 2022, Uruguay had a large net trade with United States in the exports of Animal Products ($391M), Wood Products ($108M), and Foodstuffs ($71.4M).

During 2017, United States had a large net trade with Uruguay in the exports of Mineral Products ($1.37B), Chemical Products ($284M), and Machines ($252M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Uruguay United States+$38.1MSulfate Chemical Woodpulp
Top Product Potential United States Uruguay+$42MRefined Petroleum

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 Uruguay and United States. This means that a dot/product with the flag of Uruguay indicates it has a comparative advantage over United States. Similarly, a dot/product with the flag of United States indicates it has a comparative advantage over Uruguay.

Product Space of Uruguay (Flag) and United States (Flag) (2022)

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