Argentina (ARG) and Uruguay (URY) Trade | The Observatory of Economic Complexity

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Argentina-Uruguay Trade: In 2022, Argentina exported $1.2B to Uruguay. The main products that Argentina exported to Uruguay were Packaged Medicaments ($144M), Petroleum Gas ($80.3M), and Processed Cereals ($71M). Over the past 5 years the exports of Argentina to Uruguay have increased at an annualized rate of 12.4%, from $672M in 2017 to $1.2B in 2022.

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

Uruguay-Argentina Trade: In 2022, Uruguay exported $444M to Argentina. The main products that Uruguay exported to Argentina were Soybeans ($256M), Electricity ($157M), and Sulfate Chemical Woodpulp ($83M). Over the past 5 years the exports of Uruguay to Argentina have increased at an annualized rate of 7.13%, from $315M in 2017 to $444M in 2022.

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

Comparison: In 2022, Argentina ranked 61 in the Economic Complexity Index (ECI 0.064), and 47 in total exports ($87.2B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Argentina exported $1.2B to Uruguay. The main products exported from Argentina to Uruguay were Packaged Medicaments ($144M), Petroleum Gas ($80.3M), and Processed Cereals ($71M). During the last 5 years the exports of Argentina to Uruguay have increased at an annualized rate of 12.4%, from $672M in 2017 to $1.2B in 2022.

In 2017, Uruguay exported $444M to Argentina. The main products exported from Uruguay to Argentina were Soybeans ($256M), Electricity ($157M), and Sulfate Chemical Woodpulp ($83M). During the last 22 years the exports of Uruguay to Argentina have increased at an annualized rate of 7.13%, from $315M in 1995 to $444M in 2017.

Exports from Argentina () to Uruguay () (2022)

Exports from Uruguay () to Argentina () (2022)

Latest Data

Trade between Argentina () and Uruguay ()

Argentina Exports

Date

Uruguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Argentina
Top DestinationBrazil$12.6B

Uruguay
Top DestinationChina$2.89B

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 2022, countries that imported more from Argentina than Uruguay included Brazil ($12.6B), United States ($6.99B), and China ($8B).

In 2022, countries that imported more from Uruguay than Argentina included Finland ($36.1M), French Polynesia ($21.8M), and Sierra Leone ($13.4M).

Difference in imports from Uruguay () and Argentina () (2022)

Comparative Advantage Argentina - Uruguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Argentina had a large net trade with Uruguay in the exports of Chemical Products ($390M), Foodstuffs ($297M), and Mineral Products ($143M).

During 2017, Uruguay had a large net trade with Argentina in the exports of Vegetable Products ($263M), Mineral Products ($158M), and Transportation ($99.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

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Historical Data

Bilateral Trade by Products

Exports from Argentina () to Uruguay () (2022)

Exports from Uruguay () to Argentina () (2022)

Latest Data

Trade between Argentina () and Uruguay ()

Argentina Exports

Uruguay Exports

Market Competitiveness

Difference in imports from Uruguay () and Argentina () (2022)

Comparative Advantage Argentina - Uruguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Argentina () and Uruguay () (2022)

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