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2023
Flag → Flag
Exports $3.03BRnk 28 / 221
2023
Flag → Flag
Top Product $243MCars
2023
Flag → Flag
Exports $1.92BRnk 2 / 166
2023
Flag → Flag
Top Product $342MConcentrated Milk
2023
Flag
Economic Complexity (ECI) ECI 0.31Rnk 49 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.22Rnk 52 / 132
2023
Flag  
GDP$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 184 / 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 $10,295CURRENT US$
Rnk 89 / 195
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 175 / 195
2023
Flag
GDP PC$22,798CURRENT US$
Rnk 54 / 196
2013-2023
Flag
GDP PC GROWTH24.3%CURRENT US$
Rnk 90 / 195

About

Brazil-Uruguay Trade: In 2023, Brazil exported $3.03B to Uruguay. The main products that Brazil exported to Uruguay were Cars ($243M), Delivery Trucks ($225M), and Crude Petroleum ($212M). Over the past 5 years the exports of Brazil to Uruguay have decreased at an annualized rate of 0.034%, from $3.03B in 2018 to $3.03B in 2023.

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

Uruguay-Brazil Trade: In 2023, Uruguay exported $1.92B to Brazil. The main products that Uruguay exported to Brazil were Concentrated Milk ($342M), Malt ($306M), and Delivery Trucks ($196M). Over the past 5 years the exports of Uruguay to Brazil have increased at an annualized rate of 5.21%,  from $1.16B in 2018 to $1.92B in 2023.

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

Comparison: In 2023,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B). That same year, Uruguay ranked 52 in the Economic Complexity Index (ECI 0.22), and 100 in total exports ($11B).

Latest Trends

December, 2024

About

Overview In December 2024, Brazil exported $241M and imported $187M from Uruguay, resulting in a positive trade balance of $53.4M. Between December 2023 and December 2024 the exports of Brazil have decreased by $-18.9M (-7.27%) from $260M to $241M, while imports increased by $18.1M (10.7%) from $169M to $187M.

Trade In December 2024, the top exports of Brazil to Uruguay were Iron Ore ($18.5M), Delivery Trucks ($16.7M), Cars ($14M), Refined Petroleum ($8.44M), and Pig Meat ($7.9M). In December 2024 the top imports of Brazil from Uruguay were Concentrated Milk ($30.8M), Malt ($20.3M), Plastic Lids ($13.9M), Rice ($13.3M), and Delivery Trucks ($11.2M).

Origins In December 2024 the exports of Brazil were mainly from São Paulo ($79.5M), Rio Grande do Sul ($51.1M), Paraná ($38.3M), Santa Catarina ($23.8M), and Minas Gerais ($11.5M), while imports destinations were mainly Minas Gerais ($36.8M), Santa Catarina ($30.8M), Rio Grande do Sul ($28M), São Paulo ($27.2M), and Espírito Santo ($21.7M).

Growth In December 2024, the decrease in Brazil's year-by-year exports to Uruguay was explained primarily by an decrease in product exports in Tractors ($-5.62M or -55.5%), Cars ($-5.06M or -26.6%), and Large Construction Vehicles ($-2.41M or -55.3%). In December 2024, the increase in Brazil's year-by-year imports  from Uruguay was explained primarily by an increase in product imports  in Concentrated Milk ($10.4M or 51.2%), Buses ($6.89M or 9.08k%), and Cheese ($3.01M or 182%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$-18.9M(-7.27%)
IMPORT GROWTH (December 2023 - December 2024)$18.1M(10.7%)
MAIN EXPORTER (December 2024)São Paulo$79.5M

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

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

For full datasets download visit Bulk Download page.

Explore Uruguay and Brazil Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Brazil exported $3.03B to Uruguay. The main products exported from Brazil to Uruguay were Cars ($243M), Delivery Trucks ($225M), and Crude Petroleum ($212M). During the last 5 years the exports of Brazil to Uruguay have decreased at an annualized rate of 0.034%, from $3.03B in 2018 to $3.03B in 2023.

In 2018, Uruguay exported $1.92B to Brazil. The main products exported from Uruguay to Brazil were Concentrated Milk ($342M), Malt ($306M), and Delivery Trucks ($196M). During the last 5 years the exports of Uruguay to Brazil have increased at an annualized rate of 5.21%, from $1.16B in 2023 to $1.92B in 2018.

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

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

Market Competitiveness

Color
Brazil
Top DestinationChina$106B
Uruguay
Top DestinationChina$2.34B

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

In 2023, countries that imported more from Brazil than Uruguay included China ($106B), United States ($37B), and Argentina ($17.2B).

In 2023, countries that imported more from Uruguay than Brazil included French Polynesia ($7.04M).

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

Comparative Advantage Brazil - Uruguay

Flow
Scale

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

During 2023, Brazil had a large net trade with Uruguay in the exports of Transportation ($674M), Mineral Products ($417M), and Machines ($289M).

During 2018, Uruguay had a large net trade with Brazil in the exports of Vegetable Products ($559M), Animal Products ($494M), and Transportation ($279M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Uruguay+$107MCrude Petroleum
Top Product Potential Uruguay Brazil+$14.9MFrozen Bovine Meat

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

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

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