China (CHN) and Uruguay (URY) Trade

About

China-Uruguay: In 2018, China exported $1.76B to Uruguay. The main products exported from China to Uruguay were Broadcasting Equipment ($153M), Pesticides ($90.9M), and Computers ($66.5M). During the last 23 years the exports of China to Uruguay have increased at an annualized rate of 17.6%, from $42.1M in 1995 to $1.76B in 2018.

Uruguay-China: In 2018, Uruguay exported $2.04B to China. The main products exported from Uruguay to China were Frozen Bovine Meat ($728M), Sulfate Chemical Woodpulp ($545M), and Soybeans ($210M). During the last 23 years the exports of Uruguay to China have increased at an annualized rate of 12.4%, from $140M in 1995 to $2.04B in 2018.

Comparison: In 2018, China ranked 30 in the Economic Complexity Index (ECI 0.89), and 1 in total exports ($2.59T). That same year, Uruguay ranked 58 in the Economic Complexity Index (ECI 0.17), and 92 in total exports ($8.96B). In terms of GDP Per Capita, China was ranked 78 with a GDP Per Capita of $9,771, and Uruguay was ranked 53 with a GDP Per Capita of $17,278.

Product Trade

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Bilateral Trade by Products

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Depth

Value

Year

In 2018, China exported $1.76B to Uruguay. The main products exported from China to Uruguay were Broadcasting Equipment ($153M), Pesticides ($90.9M), and Computers ($66.5M). During the last 23 years the exports of China to Uruguay have increased at an annualized rate of 17.6%, from $42.1M in 1995 to $1.76B in 2018.

In 2018, Uruguay exported $2.04B to China. The main products exported from Uruguay to China were Frozen Bovine Meat ($728M), Sulfate Chemical Woodpulp ($545M), and Soybeans ($210M). During the last 23 years the exports of Uruguay to China have increased at an annualized rate of 12.4%, from $140M in 1995 to $2.04B in 2018.

Latest Data

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Date

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Date

Market Competitiveness

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Measure

SectionYear

China
Top Destination: United States, $499B

Uruguay
Top Destination: China, $2.04B

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

In 2018, countries that imported more from China than Uruguay were United States ($499B), Hong Kong ($282B), and Japan ($155B).

In 2018, countries that imported more from Uruguay than China were Saint Helena ($27.9k).

Comparative Advantage China - Uruguay

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Depth

Year

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

During 2018, China had a large net trade with Uruguay in the exports of Machines ($608M), Chemical Products ($250M), and Textiles ($241M).

During 2018, Uruguay had a large net trade with China in the exports of Animal Products ($906M), Paper Goods ($545M), and Vegetable Products ($213M).

Tariff Section

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Tariffs

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This sections shows import tariffs for products traded between China and Uruguay (using the HS6 product classification and the last year reported).

In 2018, the products from China that paid the highest import tariffs to enter Uruguay were Vermouth and other flavoured grape wines - pack < 2l (65%) and Vermouth and other flavoured grape wines - pack > 2l (65%).

In 2018, the products from Uruguay that paid the highest import tariffs to enter China were Refined sugar, in solid form, flavoured or coloured (35%) and Refined sugar, in solid form, nes, pure sucrose (35%).

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*The tariffs present between China and Uruguay are:
125: General duty rate
136: Most Favoured Nation duty rate treatement

Forecasts

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Trade Forecasts

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This section shows a forecast for total trade between China and Uruguay. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

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Economic Complexity

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Competitive Landscape

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Year

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

About

Product Trade

Bilateral Trade by Products

Latest Data

Market Competitiveness

Comparative Advantage China - Uruguay

Tariff Section

Tariffs

Forecasts

Trade Forecasts

Economic Complexity

Competitive Landscape

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