Sign In
Pricing

2022
Flag → Flag
Exports $313MRnk 81 / 218
2022
Flag → Flag
Top Product $20.7MTraffic Signals
2022
Flag → Flag
Exports $148MRnk 15 / 168
2022
Flag → Flag
Top Product $54.5MSulfate Chemical Woodpulp
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH29.3%CURRENT US$
Rnk 65 / 186

About

Spain-Uruguay Trade: In 2022, Spain exported $313M to Uruguay. The main products that Spain exported to Uruguay were Traffic Signals ($20.7M), Iron Structures ($17.8M), and Cars ($9.65M). Over the past 5 years the exports of Spain to Uruguay have increased at an annualized rate of 5.23%, from $242M in 2017 to $313M in 2022.

In 2009, Spain exported services to Uruguay worth $416M, with Services not allocated ($416M) being the largest in terms of value.

Uruguay-Spain Trade: In 2022, Uruguay exported $148M to Spain. The main products that Uruguay exported to Spain were Sulfate Chemical Woodpulp ($54.5M), Bovine Meat ($24.3M), and Rice ($11.8M). Over the past 5 years the exports of Uruguay to Spain have increased at an annualized rate of 7.38%,  from $104M in 2017 to $148M in 2022.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €32.2M and imported €5.55M from Uruguay, resulting in a positive trade balance of €26.6M. Between August 2023 and August 2024 the exports of Spain have increased by €12.1M (60.1%) from €20.1M to €32.2M, while imports decreased by €-20.5M (-78.7%) from €26.1M to €5.55M.

Trade In August 2024, the top exports of Spain to Uruguay were Perfumes (€1.77M), Cars (€1.63M), Petroleum Coke (€932k), Electrical Power Accessories (€644k), and Hard Liquor (€620k). In August 2024 the top imports of Spain from Uruguay were Sulfate Chemical Woodpulp (€4.02M), Bovine Meat (€1.75M), Frozen Bovine Meat (€614k), Rice (€602k), and Prepared Wool or Animal Hair (€462k).

Origins In August 2024 the exports of Spain were mainly from Barcelona (€16.6M), Madrid (€2.55M), Murcia (€1.83M), Castellón (€1.13M), and Valencia (€1.08M), while imports destinations were mainly Barcelona (€1.94M), Zaragoza (€709k), Murcia (€611k), and Castellón (€323k).

Growth In August 2024, the increase in Spain's year-by-year exports to Uruguay was explained primarily by an increase in product exports in Cars (€1.37M or 524%), Perfumes (€647k or 57.8%), and Electrical Control Boards (€452k or 820%). In August 2024, the decrease in Spain's year-by-year imports  from Uruguay was explained primarily by an decrease in product imports  in Plywood (€-612k or -79.7%), Honey (€-293k or -96.1%), and Glands and Other Organs (€-147k or -44.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€12.1M(60.1%)
IMPORT GROWTH (August 2023 - August 2024)€-20.5M(-78.7%)
MAIN EXPORTER (August 2024)Barcelona€16.6M

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

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

For full datasets download visit Bulk Download page.

Explore Uruguay and Spain Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $313M to Uruguay. The main products exported from Spain to Uruguay were Traffic Signals ($20.7M), Iron Structures ($17.8M), and Cars ($9.65M). During the last 5 years the exports of Spain to Uruguay have increased at an annualized rate of 5.23%, from $242M in 2017 to $313M in 2022.

In 2017, Uruguay exported $148M to Spain. The main products exported from Uruguay to Spain were Sulfate Chemical Woodpulp ($54.5M), Bovine Meat ($24.3M), and Rice ($11.8M). During the last 5 years the exports of Uruguay to Spain have increased at an annualized rate of 7.38%, from $104M in 2022 to $148M in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Uruguay
Top DestinationChina$2.89B

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

In 2022, countries that imported more from Spain than Uruguay included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, no countries were registered that imported more from Uruguay than from Spain.

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

Comparative Advantage Spain - Uruguay

Flow
Scale

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

During 2022, Spain had a large net trade with Uruguay in the exports of Machines ($79.4M), Chemical Products ($42.6M), and Transportation ($41.6M).

During 2017, Uruguay had a large net trade with Spain in the exports of Paper Goods ($58.3M), Animal Products ($41.1M), and Vegetable Products ($16.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Uruguay+$10.5MCars
Top Product Potential Uruguay Spain+$4.6MFrozen 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Spain and Uruguay. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over Uruguay. Similarly, a dot/product with the flag of Uruguay indicates it has a comparative advantage over Spain.

Product Space of Spain (Flag) and Uruguay (Flag) (2022)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms