Flag Argentina / Uruguay Flag

Exports FlagFlag  (2018): $1.17B, Rnk 16 / 165

Top Product FlagFlag (2018): $110M, Packaged Medicaments

Exports FlagFlag (2018): $456M, Rnk 5 / 157

Top Product FlagFlag (2018): $44.2M, Insulated Wire

Economic Complexity of Flag (2018): ECI 0.22, Rnk 57 / 137

Economic Complexity of Flag (2018): ECI 0.17, Rnk 58 / 137

GDP Flag (2018): $520B, CURRENT US$
Rnk 24 / 196

GDP GROWTH Flag (2008-2018): 43.8%, CURRENT US$
Rnk 91 / 196

GDP Flag (2018): $59.6B, CURRENT US$
Rnk 79 / 196

GDP GROWTH Flag (2008-2018): 96.3%, CURRENT US$
Rnk 33 / 196

GDP PC Flag (2018): $11,684, CURRENT US$
Rnk 66 / 196

GDP PC GROWTH Flag (2008-2018): 29.5%, CURRENT US$
Rnk 83 / 196

GDP PC Flag (2018): $17,278, CURRENT US$
Rnk 53 / 196

GDP PC GROWTH Flag (2008-2018): 90.1%, CURRENT US$
Rnk 20 / 196

Argentina-Uruguay: In 2018, Argentina exported $1.17B to Uruguay. The main products exported from Argentina to Uruguay were Packaged Medicaments ($110M), Corn ($60.8M), and Pesticides ($40.4M). During the last 23 years the exports of Argentina to Uruguay have increased at an annualized rate of 2.6%, from $646M in 1995 to $1.17B in 2018.

Uruguay-Argentina: In 2018, Uruguay exported $456M to Argentina. The main products exported from Uruguay to Argentina were Insulated Wire ($44.2M), Sulfate Chemical Woodpulp ($41.8M), and Seats ($33.1M). During the last 23 years the exports of Uruguay to Argentina have increased at an annualized rate of 1.69%, from $310M in 1995 to $456M in 2018.

Comparison: In 2018, Argentina ranked 57 in the Economic Complexity Index (ECI 0.22), and 49 in total exports ($60.8B). That same year, Uruguay ranked 58 in the Economic Complexity Index (ECI 0.17), and 92 in total exports ($8.96B). In terms of GDP Per Capita, Argentina was ranked 66 with a GDP Per Capita of $11,684, and Uruguay was ranked 53 with a GDP Per Capita of $17,278.

Bilateral Trade by Products

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Depth
Value

In 2018, Argentina exported $1.17B to Uruguay. The main products exported from Argentina to Uruguay were Packaged Medicaments ($110M), Corn ($60.8M), and Pesticides ($40.4M). During the last 23 years the exports of Argentina to Uruguay have increased at an annualized rate of 2.6%, from $646M in 1995 to $1.17B in 2018.

In 2018, Uruguay exported $456M to Argentina. The main products exported from Uruguay to Argentina were Insulated Wire ($44.2M), Sulfate Chemical Woodpulp ($41.8M), and Seats ($33.1M). During the last 23 years the exports of Uruguay to Argentina have increased at an annualized rate of 1.69%, from $310M in 1995 to $456M in 2018.

Market Competitiveness

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Measure

Argentina
Top Destination
: Brazil, $11B

Uruguay
Top Destination
: China, $2.04B

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

In 2018, countries that imported more from Argentina than Uruguay were Brazil ($11B), United States ($4.23B), and Chile ($3.05B).

In 2018, countries that imported more from Uruguay than Argentina were Portugal ($126M), Austria ($92.4M), and Finland ($31.2M).

Comparative Advantage Argentina - Uruguay

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Depth

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

During 2018, Argentina had a large net trade with Uruguay in the exports of Chemical Products ($336M), Foodstuffs ($227M), and Vegetable Products ($112M).

During 2018, Uruguay had a large net trade with Argentina in the exports of Chemical Products ($87.2M), Plastics and Rubbers ($60.8M), and Paper Goods ($55.1M).

Tariff Section

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This sections shows import tariffs for products traded between Argentina and Uruguay (using the HS6 product classification and the last year reported).

In 2018, the products from Argentina that paid the highest import tariffs to enter Uruguay were Raw sugar, beet (14.4%) and Sugars: cane sugar, raw, in solid form, as specified in Subheading Note 2 to this chapter, not containing added flavouring or colouring matter (14.4%).

In 2018, the products from Uruguay that paid the highest import tariffs to enter Argentina were Refined sugar, in solid form, nes, pure sucrose (35%) and Refined sugar, in solid form, flavoured or coloured (30.8%).

Explore Tariff Data

*The tariffs present between Argentina and Uruguay are:
3: AAP.A14TM N° 6 (Argentina Brasil Uruguay) Acuerdo de Alcance Parcial de Cooperación e Intercambio de Bienes utilizados en la Defensa y Protección del Medio Ambiente
23: AAP.AG N° 02 - Acuerdo de Alcance Parcial para la Liberación y Expansión del Comercio Intrarregional de Semillas Suscrito por el Art. 12 del TM80
51: AAP.CE N° 57 Acuerdo de Alcance Parcial de Complementación Económica N° 57 Suscrito entre la República Argentina y la República Oriental del Uruguay
82: AR.CEYC N° 7 Acuerdo de Cooperación e Intercambio en las Áreas Cultural, Educacional y Científica (Argentina, Bolivia, Brasil, Chile, Colombia, Cuba, Ecuador, México, Panamá, Paraguay, Perú, Uruguay)
83: AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador México Panamá Paraguay Perú Uruguay Venezuela)
136: Most Favoured Nation duty rate treatement
269: Preferential tariff for MERCOSUR countries (Southern Common Market)

Trade Forecasts

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This section shows a forecast for total trade between Argentina and Uruguay. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Argentina has comparative advantage over Uruguay. Similarly, the more red a dot/product is, the more Uruguay has comparative advantage over Argentina.