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Pricing

2022
Flag → Flag
Exports $1.96BRnk 98 / 211
2022
Flag → Flag
Top Product $217MBroadcasting Equipment
2022
Flag → Flag
Exports $2.01BRnk 1 / 168
2022
Flag → Flag
Top Product $1.48BFrozen Bovine Meat
2022
Flag
Economic Complexity (ECI) ECI 1.12Rnk 22 / 133
2022
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Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
Flag  
GDP$18TCURRENT US$
Rnk 2 / 186
2012-2022
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GDP GROWTH111%CURRENT US$
Rnk 11 / 186
2022
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 GDP$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
GDP PC $12,720CURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP PC GROWTH102%CURRENT US$
Rnk 8 / 186
2022
Flag
GDP PC$20,795CURRENT US$
Rnk 49 / 186
2012-2022
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GDP PC GROWTH29.3%CURRENT US$
Rnk 65 / 186

About

China-Uruguay Trade: In 2022, China exported $1.96B to Uruguay. The main products that China exported to Uruguay were Broadcasting Equipment ($217M), Pesticides ($156M), and Computers ($81.8M). Over the past 5 years the exports of China to Uruguay have increased at an annualized rate of 113%, from $44.6M in 2017 to $1.96B in 2022.

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

Uruguay-China Trade: In 2022, Uruguay exported $2.01B to China. The main products that Uruguay exported to China were Frozen Bovine Meat ($1.48B), Sulfate Chemical Woodpulp ($485M), and Soybeans ($324M). Over the past 5 years the exports of Uruguay to China have increased at an annualized rate of 70.4%,  from $140M in 2017 to $2.01B in 2022.

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

Comparison: In 2022,  China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T). That same year, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B).

Latest Trends

May, 2024

About

Overview In May 2024, China exported $273M and imported $202M from Uruguay, resulting in a positive trade balance of $71M. Between May 2023 and May 2024 the exports of China have increased by $36.4M (15.4%) from $237M to $273M, while imports decreased by $-26.5M (-11.6%) from $229M to $202M.

Trade In May 2024, the top exports of China to Uruguay were Computers ($18.5M), Telephones ($18.5M), Mixed Mineral or Chemical Fertilizers ($12.5M), Video and Card Games ($8.58M), and Pesticides ($8.11M). In May 2024 the top imports of China from Uruguay were Frozen Bovine Meat ($109M), Sulfate Chemical Woodpulp ($45.3M), Fuel Wood ($9.24M), Edible Offal ($7.65M), and Sheep and Goat Meat ($3.3M).

Origins In May 2024 the exports of China were mainly from Zhejiang Province ($80.4M), Guangdong Province ($59.8M), Jiangsu Province ($26.5M), Shandong Province ($18.9M), and Shanghai Province ($17.2M), while imports destinations were mainly Fujian Province ($45.3M), Beijing ($21.3M), Shanghai Province ($18.2M), Guangdong Province ($17.6M), and Chongqing ($15.1M).

Growth In May 2024, the increase in China's year-by-year exports to Uruguay was explained primarily by an increase in product exports in Video and Card Games ($8.38M or 4.09k%), Telephones ($6.84M or 58.8%), and Electrical Transformers ($5.17M or 285%). In May 2024, the decrease in China's year-by-year imports  from Uruguay was explained primarily by an decrease in product imports  in N/A.

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (May 2023 - May 2024)$36.4M(15.4%)
IMPORT GROWTH (May 2023 - May 2024)$-26.5M(-11.6%)
MAIN EXPORTER (May 2024)Zhejiang Province$80.4M

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 2022, China exported $1.96B to Uruguay. The main products exported from China to Uruguay were Broadcasting Equipment ($217M), Pesticides ($156M), and Computers ($81.8M). During the last 5 years the exports of China to Uruguay have increased at an annualized rate of 113%, from $44.6M in 2017 to $1.96B in 2022.

In 2017, Uruguay exported $2.01B to China. The main products exported from Uruguay to China were Frozen Bovine Meat ($1.48B), Sulfate Chemical Woodpulp ($485M), and Soybeans ($324M). During the last 22 years the exports of Uruguay to China have increased at an annualized rate of 70.4%, from $140M in 1995 to $2.01B in 2017.

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

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

Market Competitiveness

Color
China
Top DestinationUnited States$551B
Uruguay
Top DestinationChina$2.89B

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 2022, countries that imported more from China than Uruguay included United States ($551B), Hong Kong ($276B), and Japan ($178B).

In 2022, countries that imported more from Uruguay than China included American Samoa ($71.5k) and Saint Martin ($36.9k).

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

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 2022, China had a large net trade with Uruguay in the exports of Machines ($892M), Chemical Products ($434M), and Transportation ($256M).

During 2017, Uruguay had a large net trade with China in the exports of Animal Products ($1.84B), Paper Goods ($485M), and Vegetable Products ($337M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Uruguay+$54MTelephones
Top Product Potential Uruguay China+N/AN/A

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) (2022)

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