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2023
Flag → Flag
Exports $1.5BRnk 9 / 168
2023
Flag → Flag
Top Product $102MCorn
2023
Flag → Flag
Exports $569MRnk 4 / 166
2023
Flag → Flag
Top Product $81.4MSulfate Chemical Woodpulp
2023
Flag
Economic Complexity (ECI) ECI 0.043Rnk 61 / 132
2023
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Economic Complexity (ECI) ECI 0.22Rnk 52 / 132
2023
Flag  
GDP$646BCURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP GROWTH17%CURRENT US$
Rnk 148 / 195
2023
Flag
 GDP$77.2BCURRENT US$
Rnk 81 / 195
2013-2023
Flag
GDP GROWTH25.9%CURRENT US$
Rnk 122 / 195
2023
Flag
GDP PC $14,187CURRENT US$
Rnk 73 / 195
2013-2023
Flag
GDP PC GROWTH9.44%CURRENT US$
Rnk 135 / 195
2023
Flag
GDP PC$22,798CURRENT US$
Rnk 54 / 196
2013-2023
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GDP PC GROWTH24.3%CURRENT US$
Rnk 90 / 195

About

Argentina-Uruguay Trade: In 2023, Argentina exported $1.5B to Uruguay. The main products that Argentina exported to Uruguay were Corn ($102M), Petroleum Gas ($102M), and Processed Cereals ($78.8M). Over the past 5 years the exports of Argentina to Uruguay have increased at an annualized rate of 5.09%, from $1.17B in 2018 to $1.5B in 2023.

In 2023, Argentina did not export any services to Uruguay.

Uruguay-Argentina Trade: In 2023, Uruguay exported $569M to Argentina. The main products that Uruguay exported to Argentina were Sulfate Chemical Woodpulp ($81.4M), Insulated Wire ($68.3M), and Delivery Trucks ($41.1M). Over the past 5 years the exports of Uruguay to Argentina have increased at an annualized rate of 4.04%,  from $467M in 2018 to $569M in 2023.

In 2023, Uruguay did not export any services to Argentina.

Comparison: In 2023,  Argentina ranked 61 in the Economic Complexity Index (ECI 0.043), and 50 in total exports ($68.3B). That same year, Uruguay ranked 52 in the Economic Complexity Index (ECI 0.22), and 100 in total exports ($11B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Argentina exported $1.5B to Uruguay. The main products exported from Argentina to Uruguay were Corn ($102M), Petroleum Gas ($102M), and Processed Cereals ($78.8M). During the last 5 years the exports of Argentina to Uruguay have increased at an annualized rate of 5.09%, from $1.17B in 2018 to $1.5B in 2023.

In 2018, Uruguay exported $569M to Argentina. The main products exported from Uruguay to Argentina were Sulfate Chemical Woodpulp ($81.4M), Insulated Wire ($68.3M), and Delivery Trucks ($41.1M). During the last 5 years the exports of Uruguay to Argentina have increased at an annualized rate of 4.04%, from $467M in 2023 to $569M in 2018.

Exports from Argentina (Flag) to Uruguay (Flag) (2023)

Exports from Uruguay (Flag) to Argentina (Flag) (2023)

Latest Data

Trade between Argentina (Flag) and Uruguay (Flag)

Argentina Exports

Uruguay Exports

Market Competitiveness

Color
Argentina
Top DestinationBrazil$12.1B
Uruguay
Top DestinationChina$2.34B

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 2023, countries that imported more from Argentina than Uruguay included Brazil ($12.1B), United States ($6.27B), and Chile ($5.57B).

In 2023, countries that imported more from Uruguay than Argentina included Austria ($79.2M), Trinidad and Tobago ($18.7M), and Aruba ($8.67M).

Difference in imports from Uruguay (Flag) and Argentina (Flag) (2023)

Comparative Advantage Argentina - Uruguay

Flow
Scale

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

During 2023, Argentina had a large net trade with Uruguay in the exports of Foodstuffs ($345M), Chemical Products ($244M), and Vegetable Products ($221M).

During 2018, Uruguay had a large net trade with Argentina in the exports of Paper Goods ($96.7M), Machines ($86.3M), and Transportation ($75.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Argentina Uruguay+$31.4MCrude Petroleum
Top Product Potential Uruguay Argentina+$9.17MDelivery Trucks

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

Product Space of Argentina (Flag) and Uruguay (Flag) (2023)

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