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2023
Flag → Flag
Exports $131MRnk 101 / 223
2023
Flag → Flag
Top Product $26.7MComputers
2023
Flag → Flag
Exports $115MRnk 16 / 166
2023
Flag → Flag
Top Product $24.4MRice
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
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Economic Complexity (ECI) ECI 0.22Rnk 52 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
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GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
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 GDP$77.2BCURRENT US$
Rnk 81 / 195
2013-2023
Flag
GDP GROWTH25.9%CURRENT US$
Rnk 122 / 195
2023
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GDP PC $49,464CURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 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

United Kingdom-Uruguay Trade: In 2023, United Kingdom exported $131M to Uruguay. The main products that United Kingdom exported to Uruguay were Computers ($26.7M), Combustion Engines ($11.3M), and Hard Liquor ($11.1M). Over the past 5 years the exports of United Kingdom to Uruguay have increased at an annualized rate of 13.9%, from $68.4M in 2018 to $131M in 2023.

In 2018, United Kingdom exported services to Uruguay worth $13.3M, with Communications services ($10.6M) and Other business services ($2.72M) being the largest in terms of value.

Uruguay-United Kingdom Trade: In 2023, Uruguay exported $115M to United Kingdom. The main products that Uruguay exported to United Kingdom were Rice ($24.4M), Bovine Meat ($19.1M), and Rapeseed ($17.3M). Over the past 5 years the exports of Uruguay to United Kingdom have increased at an annualized rate of 6.75%,  from $77.9M in 2018 to $115M in 2023.

In 2023, Uruguay did not export any services to United Kingdom.

Comparison: In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B). 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, United Kingdom exported £11.5M and imported £4.14M from Uruguay, resulting in a positive trade balance of £7.37M. Between November 2023 and November 2024 the exports of United Kingdom have decreased by £-2.12M (-15.5%) from £13.6M to £11.5M, while imports decreased by £-6.44M (-60.9%) from £10.6M to £4.14M.

Trade In November 2024, the top exports of United Kingdom to Uruguay were Hard Liquor (£1.68M), Packaged Medicaments (£836k), Motor vehicles; parts and accessories (8701... (£660k), Tractors (£517k), and Stone Processing Machines (£500k). In November 2024 the top imports of United Kingdom from Uruguay were Rapeseed (£21.1M), Rice (£2.57M), Bovine Meat (£1.72M), Sulfate Chemical Woodpulp (£1.35M), and Iron Pipes (£843k).

Origins In November 2024 the exports of United Kingdom were mainly from London Gateway (£3.85M), London Heathrow Airport (£2.43M), Grangemouth (£582k), East Midlands Airport (£332k), and London (£253k), while imports destinations were mainly London Gateway (£2.54M), London (£633k), Immingham (£55.1k), and London Heathrow Airport (£9.9k).

Growth In November 2024, the decrease in United Kingdom's year-by-year exports to Uruguay was explained primarily by an decrease in product exports in Packaged Medicaments (£-709k or -45.9%), Lifting Machinery (£-531k or -99.3%), and Laboratory Reagents (£-165k or -65.8%). In November 2024, the decrease in United Kingdom's year-by-year imports  from Uruguay was explained primarily by an decrease in product imports  in Plywood (£-370k or -58.1%), Frozen Bovine Meat (£-23.8k or -5.24%), and Chemical Analysis Instruments (£-7.53k or -47.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)£-2.12M(-15.5%)
IMPORT GROWTH (November 2023 - November 2024)£-6.44M(-60.9%)
MAIN EXPORTER (November 2024)London Gateway£3.85M

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

To check Uruguay and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Uruguay and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Kingdom exported $131M to Uruguay. The main products exported from United Kingdom to Uruguay were Computers ($26.7M), Combustion Engines ($11.3M), and Hard Liquor ($11.1M). During the last 5 years the exports of United Kingdom to Uruguay have increased at an annualized rate of 13.9%, from $68.4M in 2018 to $131M in 2023.

In 2018, Uruguay exported $115M to United Kingdom. The main products exported from Uruguay to United Kingdom were Rice ($24.4M), Bovine Meat ($19.1M), and Rapeseed ($17.3M). During the last 5 years the exports of Uruguay to United Kingdom have increased at an annualized rate of 6.75%, from $77.9M in 2023 to $115M in 2018.

Exports from United Kingdom (Flag) to Uruguay (Flag) (2023)

Exports from Uruguay (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Uruguay
Top DestinationChina$2.34B

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

In 2023, countries that imported more from United Kingdom than Uruguay included United States ($59.7B), Germany ($34.6B), and China ($35.3B).

In 2023, countries that imported more from Uruguay than United Kingdom included Paraguay ($124M), Guatemala ($157M), and Honduras ($75.6M).

Difference in imports from Uruguay (Flag) and United Kingdom (Flag) (2023)

Comparative Advantage United Kingdom - Uruguay

Flow
Scale

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

During 2023, United Kingdom had a large net trade with Uruguay in the exports of Machines ($59.4M), Transportation ($20.2M), and Chemical Products ($15.3M).

During 2018, Uruguay had a large net trade with United Kingdom in the exports of Vegetable Products ($43.1M), Animal Products ($26.6M), and Paper Goods ($16.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Uruguay+$9.86MPackaged Medicaments
Top Product Potential Uruguay United Kingdom+$6.1MSulfate Chemical Woodpulp

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

Product Space of United Kingdom (Flag) and Uruguay (Flag) (2023)

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