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2023
Flag → Flag
Exports $2.49BRnk 101 / 208
2023
Flag → Flag
Top Product $219MBroadcasting Equipment
2023
Flag → Flag
Exports $2.34BRnk 1 / 166
2023
Flag → Flag
Top Product $978MFrozen Bovine Meat
2023
Flag
Economic Complexity (ECI) ECI 1.16Rnk 21 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.22Rnk 52 / 132
2023
Flag  
GDP$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
Flag
GDP GROWTH85.9%CURRENT US$
Rnk 22 / 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 $12,614CURRENT US$
Rnk 80 / 195
2013-2023
Flag
GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 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

China-Uruguay Trade: In 2023, China exported $2.49B to Uruguay. The main products that China exported to Uruguay were Broadcasting Equipment ($219M), Polyacetals ($110M), and Pesticides ($102M). Over the past 5 years the exports of China to Uruguay have increased at an annualized rate of 6.93%, from $1.78B in 2018 to $2.49B in 2023.

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

Uruguay-China Trade: In 2023, Uruguay exported $2.34B to China. The main products that Uruguay exported to China were Frozen Bovine Meat ($978M), Sulfate Chemical Woodpulp ($783M), and Edible Offal ($138M). Over the past 5 years the exports of Uruguay to China have increased at an annualized rate of 1.83%,  from $2.14B in 2018 to $2.34B in 2023.

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

Comparison: In 2023,  China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T). 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, China exported $328M and imported $333M from Uruguay, resulting in a negative trade balance of $5.46M. Between December 2023 and December 2024 the exports of China have increased by $74.1M (29.2%) from $254M to $328M, while imports increased by $127M (61.9%) from $206M to $333M.

Trade In December 2024, the top exports of China to Uruguay were Electrical Transformers ($10.3M), Computers ($10M), Delivery Trucks ($8.45M), Nitrogen Heterocyclic Compounds ($7.36M), and Telephones ($6.84M). In December 2024 the top imports of China from Uruguay were Frozen Bovine Meat ($120M), Sulfate Chemical Woodpulp ($60.8M), Fuel Wood ($19.3M), Soybeans ($18.6M), and Edible Offal ($8.21M).

Origins In December 2024 the exports of China were mainly from Guangdong Province ($67.6M), Zhejiang Province ($56.1M), Jiangsu Province ($43.7M), Shandong Province ($38.9M), and Shanghai Province ($37.5M), while imports destinations were mainly Beijing ($108M), Fujian Province ($42.6M), Heilongjiang Province ($31.5M), Shanghai Province ($24.1M), and Guangdong Province ($23.3M).

Growth In December 2024, the increase in China's year-by-year exports to Uruguay was explained primarily by an increase in product exports in Polyacetals ($4.81M or 371%), Nitrogen Heterocyclic Compounds ($4.6M or 166%), and Delivery Trucks ($3.81M or 82.2%). In December 2024, the increase in China's year-by-year imports  from Uruguay was explained primarily by an increase in product imports  in Sulfate Chemical Woodpulp ($15.6M or 34.4%), Frozen Bovine Meat ($10.9M or 9.99%), and Fuel Wood ($10M or 109%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$74.1M(29.2%)
IMPORT GROWTH (December 2023 - December 2024)$127M(61.9%)
MAIN EXPORTER (December 2024)Guangdong Province$67.6M

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

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

For full datasets download visit Bulk Download page.

Explore Uruguay and China Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, China exported $2.49B to Uruguay. The main products exported from China to Uruguay were Broadcasting Equipment ($219M), Polyacetals ($110M), and Pesticides ($102M). During the last 5 years the exports of China to Uruguay have increased at an annualized rate of 6.93%, from $1.78B in 2018 to $2.49B in 2023.

In 2018, Uruguay exported $2.34B to China. The main products exported from Uruguay to China were Frozen Bovine Meat ($978M), Sulfate Chemical Woodpulp ($783M), and Edible Offal ($138M). During the last 5 years the exports of Uruguay to China have increased at an annualized rate of 1.83%, from $2.14B in 2023 to $2.34B in 2018.

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

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

Market Competitiveness

Color
China
Top DestinationUnited States$436B
Uruguay
Top DestinationChina$2.34B

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 2023, countries that imported more from China than Uruguay included United States ($436B), Hong Kong ($259B), and Japan ($169B).

In 2023, countries that imported more from Uruguay than China included Saint Martin ($25.6k) and British Indian Ocean Territory ($22.5k).

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

Comparative Advantage China - Uruguay

Flow
Scale

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

During 2023, China had a large net trade with Uruguay in the exports of Machines ($858M), Chemical Products ($319M), and Transportation ($278M).

During 2018, Uruguay had a large net trade with China in the exports of Animal Products ($1.24B), Paper Goods ($783M), and Vegetable Products ($104M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Uruguay+$54MTelephones
Top Product Potential Uruguay China+$128MSoybeans

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

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

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