2022
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GDP
$579BCURRENT US$
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2012-2022
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GDP GROWTH
16.6%CURRENT US$
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2022
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 GDP
$71.2BCURRENT US$
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2012-2022
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GDP GROWTH
31.2%CURRENT US$
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2022
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GDP PC 
$49,583CURRENT US$
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2012-2022
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GDP PC GROWTH
11%CURRENT US$
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2022
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GDP PC
$20,795CURRENT US$
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2012-2022
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GDP PC GROWTH
29.3%CURRENT US$
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About

Belgium-Uruguay In 2022, Belgium exported $82.8M to Uruguay. The main products that Belgium exported to Uruguay are Harvesting Machinery ($10.4M), Vaccines, blood, antisera, toxins and cultures ($9.93M), and Other Frozen Vegetables ($5.76M). During the last 23 years the exports of Belgium to Uruguay have increased at an annualized rate of 5.91%, from $22.1M in 1999 to $82.8M in 2022.

In 2020, Belgium exported services to Uruguay worth $16M, with Transportation ($10.3M), Other business services ($4.57M), and Financial services ($1.14M) being the largest in terms of value.

Uruguay-Belgium In 2022, Uruguay exported $75.2M to Belgium. The main products that Uruguay exported to Belgium were Malt ($29.5M), Rice ($20M), and Horse Meat ($10.4M). During the last 23 years the exports of Uruguay to Belgium have increased at an annualized rate of 6.29%, from $18.5M in 1999 to $75.2M in 2022.

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

Comparison In 2022,  Belgium ranked 17 in the Economic Complexity Index (ECI 1.28), and 13 in total exports ($475B). That same year, Uruguay ranked 55 in the Economic Complexity Index (ECI 0.12), and 98 in total exports ($12B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $82.8M to Uruguay. The main products exported from Belgium to Uruguay were Harvesting Machinery ($10.4M), Vaccines, blood, antisera, toxins and cultures ($9.93M), and Other Frozen Vegetables ($5.76M). During the last 23 years the exports of Belgium to Uruguay have increased at an annualized rate of 5.91%, from $22.1M in 1999 to $82.8M in 2022.

In 2022, Uruguay exported $75.2M to Belgium. The main products exported from Uruguay to Belgium were Malt ($29.5M), Rice ($20M), and Horse Meat ($10.4M). During the last 23 years the exports of Uruguay to Belgium have increased at an annualized rate of 6.29%, from $18.5M in 1999 to $75.2M in 2022.

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

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

Market Competitiveness

Color
Belgium
Top Destination
Germany$91.9B
Uruguay
Top Destination
China$2.89B

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

In 2021, countries that imported more from Belgium than Uruguay were Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2021, countries that imported more from Uruguay than Belgium were Argentina ($999M), Paraguay ($149M), and Venezuela ($65.2M).

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

Comparative Advantage Belgium - Uruguay

Flow
Scale

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

During 2022, Belgium had a large net trade with Uruguay in the exports of Chemical Products ($24.2M), Machines ($20.6M), and Foodstuffs ($8.82M).

During 2022, Uruguay had a large net trade with Belgium in the exports of Vegetable Products ($49.9M), Animal Products ($15M), and Wood Products ($5.86M).

Service Trade

Bilateral Service Trade

In 2020, Belgium exported services to Uruguay worth $16M, with Transportation ($10.3M), Other business services ($4.57M), and Financial services ($1.14M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Belgium (Flag) to Uruguay (Flag) (2020)

Economic Complexity

Competitive Landscape

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

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

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