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2022
Flag → Flag
Exports $259MRnk 114 / 217
2022
Flag → Flag
Top Product $82.1MRefined Petroleum
2022
Flag → Flag
Exports $108MRnk 21 / 168
2022
Flag → Flag
Top Product $75.8MRough Wood
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH29.3%CURRENT US$
Rnk 65 / 186

About

India-Uruguay Trade: In 2022, India exported $259M to Uruguay. The main products that India exported to Uruguay were Refined Petroleum ($82.1M), Cars ($27.3M), and Tractors ($8.76M). Over the past 5 years the exports of India to Uruguay have increased at an annualized rate of 5.36%, from $199M in 2017 to $259M in 2022.

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

Uruguay-India Trade: In 2022, Uruguay exported $108M to India. The main products that Uruguay exported to India were Rough Wood ($75.8M), Excavation Machinery ($7.14M), and Wool ($6.33M). Over the past 5 years the exports of Uruguay to India have increased at an annualized rate of 45.6%,  from $16.6M in 2017 to $108M in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B).

Latest Trends

June, 2024

About

Overview In June 2024, India exported $12M and imported $16.8M from Uruguay, resulting in a negative trade balance of $4.75M. Between June 2023 and June 2024 the exports of India have decreased by $-7.72M (-39.1%) from $19.7M to $12M, while imports increased by $12.2M (263%) from $4.62M to $16.8M.

Trade In June 2024, the top exports of India to Uruguay were Indl. Machnry For Dairy Etc ($921k), Electric Machinery And Equipme ($859k), Organic Chemicals ($554k), Manmade Yarn,Fabrics,Madeups ($422k), and Rmg Cotton Incl Accessories ($415k). In June 2024 the top imports of India from Uruguay were Other Wood And Wood Products ($5.64M), Wollen Yarn,Fabrics,Madeupsetc ($215k), Lead And Products Made Of Led ($103k), Wool, Raw ($46.9k), and Pearl, Precs, Semiprecs Stones ($5.11k).

Growth In June 2024, the decrease in India's year-by-year exports to Uruguay was explained primarily by an decrease in product exports in Motor Vehicle/Cars ($-930k or -89%), Drug Formulations, Biologicals ($-586k or -66.2%), and Bulk Drugs, Drug Intermediates ($-508k or -64.2%). In June 2024, the increase in India's year-by-year imports  from Uruguay was explained primarily by an increase in product imports  in Lead And Products Made Of Led ($45.3k or 78%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (June 2023 - June 2024)$-7.72M(-39.1%)
IMPORT GROWTH (June 2023 - June 2024)$12.2M(263%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Uruguay and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Uruguay and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $259M to Uruguay. The main products exported from India to Uruguay were Refined Petroleum ($82.1M), Cars ($27.3M), and Tractors ($8.76M). During the last 5 years the exports of India to Uruguay have increased at an annualized rate of 5.36%, from $199M in 2017 to $259M in 2022.

In 2017, Uruguay exported $108M to India. The main products exported from Uruguay to India were Rough Wood ($75.8M), Excavation Machinery ($7.14M), and Wool ($6.33M). During the last 5 years the exports of Uruguay to India have increased at an annualized rate of 45.6%, from $16.6M in 2022 to $108M in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Uruguay
Top DestinationChina$2.89B

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

In 2022, countries that imported more from India than Uruguay included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Uruguay than India included Cuba ($56.8M) and French Polynesia ($21.8M).

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

Comparative Advantage India - Uruguay

Flow
Scale

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

During 2022, India had a large net trade with Uruguay in the exports of Mineral Products ($82.2M), Chemical Products ($43.8M), and Transportation ($41.3M).

During 2017, Uruguay had a large net trade with India in the exports of Wood Products ($75.8M), Machines ($7.28M), and Textiles ($7.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Uruguay+$27.6MRefined Petroleum
Top Product Potential Uruguay India+$976kScrap Aluminium

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

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

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