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Pricing

2023
Flag → Flag
Exports $64.3MRnk 105 / 215
2023
Flag → Flag
Top Product $15.6MPotassic Fertilizers
2023
Flag → Flag
Exports $72MRnk 25 / 166
2023
Flag → Flag
Top Product $59.1MFrozen Bovine Meat
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
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Economic Complexity (ECI) ECI 0.22Rnk 52 / 132
2023
Flag  
GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH16%CURRENT US$
Rnk 150 / 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 $53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 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

Canada-Uruguay Trade: In 2023, Canada exported $64.3M to Uruguay. The main products that Canada exported to Uruguay were Potassic Fertilizers ($15.6M), Refined Petroleum ($7.11M), and Harvesting Machinery ($6.61M). Over the past 5 years the exports of Canada to Uruguay have increased at an annualized rate of 1.33%, from $60.2M in 2018 to $64.3M in 2023.

In 2020, Canada exported services to Uruguay worth $746k, with Communications services ($746k) being the largest in terms of value.

Uruguay-Canada Trade: In 2023, Uruguay exported $72M to Canada. The main products that Uruguay exported to Canada were Frozen Bovine Meat ($59.1M), Sheep and Goat Meat ($3.53M), and Sulfate Chemical Woodpulp ($1.89M). Over the past 5 years the exports of Uruguay to Canada have increased at an annualized rate of 6.39%,  from $43.9M in 2018 to $72M in 2023.

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

Comparison: In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). That same year, Uruguay ranked 52 in the Economic Complexity Index (ECI 0.22), and 100 in total exports ($11B).

Latest Trends

November, 2024

About

Overview In November 2024, Canada exported C$10M and imported C$9.92M from Uruguay, resulting in a positive trade balance of C$103k. Between November 2023 and November 2024 the exports of Canada have increased by C$3.08M (44.5%) from C$6.93M to C$10M, while imports increased by C$2.93M (41.9%) from C$6.99M to C$9.92M.

Trade In November 2024, the top exports of Canada to Uruguay were Potassic Fertilizers (C$3M), Other Agricultural Machinery (C$1.61M), Office Machine Parts (C$760k), Dried Legumes (C$709k), and Packaged Medicaments (C$546k). In November 2024 the top imports of Canada from Uruguay were Frozen Bovine Meat (C$13M), Sulfate Chemical Woodpulp (C$751k), Sawn Wood (C$351k), Laboratory Reagents (C$113k), and Rice (C$92.1k).

Origins In November 2024 the exports of Canada were mainly from Saskatchewan (C$5.82M), Ontario (C$1.96M), Quebec (C$1.08M), Manitoba (C$782k), and British Columbia (C$330k), while imports destinations were mainly Quebec (C$4.4M), Ontario (C$3.67M), Nova Scotia (C$1.35M), New Brunswick (C$252k), and British Columbia (C$129k).

Growth In November 2024, the increase in Canada's year-by-year exports to Uruguay was explained primarily by an increase in product exports in Other Agricultural Machinery (C$1.14M or 243%), Dried Legumes (C$675k or 1.97k%), and Chemical Analysis Instruments (C$129k or 700%). In November 2024, the increase in Canada's year-by-year imports  from Uruguay was explained primarily by an increase in product imports  in Frozen Bovine Meat (C$8.54M or 191%), Sulfate Chemical Woodpulp (C$641k or 583%), and Laboratory Reagents (C$103k or 1.07k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)C$3.08M(44.5%)
IMPORT GROWTH (November 2023 - November 2024)C$2.93M(41.9%)
MAIN EXPORTER (November 2024)SaskatchewanC$5.82M

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

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

For full datasets download visit Bulk Download page.

Explore Uruguay and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Canada exported $64.3M to Uruguay. The main products exported from Canada to Uruguay were Potassic Fertilizers ($15.6M), Refined Petroleum ($7.11M), and Harvesting Machinery ($6.61M). During the last 5 years the exports of Canada to Uruguay have increased at an annualized rate of 1.33%, from $60.2M in 2018 to $64.3M in 2023.

In 2018, Uruguay exported $72M to Canada. The main products exported from Uruguay to Canada were Frozen Bovine Meat ($59.1M), Sheep and Goat Meat ($3.53M), and Sulfate Chemical Woodpulp ($1.89M). During the last 5 years the exports of Uruguay to Canada have increased at an annualized rate of 6.39%, from $43.9M in 2023 to $72M in 2018.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
Uruguay
Top DestinationChina$2.34B

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

In 2023, countries that imported more from Canada than Uruguay included United States ($410B), China ($31.1B), and United Kingdom ($18B).

In 2023, countries that imported more from Uruguay than Canada included Argentina ($569M), Bolivia ($64.2M), and Russia ($63.2M).

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

Comparative Advantage Canada - Uruguay

Flow
Scale

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

During 2023, Canada had a large net trade with Uruguay in the exports of Machines ($21.3M), Chemical Products ($18.7M), and Mineral Products ($7.63M).

During 2018, Uruguay had a large net trade with Canada in the exports of Animal Products ($63.7M), Vegetable Products ($2.32M), and Wood Products ($2.08M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Uruguay+$5.14MPackaged Medicaments
Top Product Potential Uruguay Canada+$1.83MSawn Wood

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

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

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