2022
Flag  
GDP
$522BCURRENT US$
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2012-2022
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GDP GROWTH
99%CURRENT US$
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2022
Flag
 GDP
$71.2BCURRENT US$
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2012-2022
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GDP GROWTH
31.2%CURRENT US$
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2022
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GDP PC 
$54,660CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
64.9%CURRENT US$
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2022
Flag
GDP PC
$20,795CURRENT US$
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2012-2022
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GDP PC GROWTH
29.3%CURRENT US$
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About

Israel-Uruguay Trade: In 2022, Israel exported $48.3M to Uruguay. The main products that Israel exported to Uruguay were Mixed Mineral or Chemical Fertilizers ($21.3M), Potassic Fertilizers ($8.89M), and Liquid Dispersing Machines ($4.51M). Over the past 5 years the exports of Israel to Uruguay have increased at an annualized rate of 21.1%, from $18.6M in 2017 to $48.3M in 2022.

In 2007, Israel exported services to Uruguay worth $277k, with Computer and information services ($277k) being the largest in terms of value.

Uruguay-Israel Trade: In 2022, Uruguay exported $103M to Israel. The main products that Uruguay exported to Israel were Frozen Bovine Meat ($76.4M), Bovine Meat ($7.13M), and Sheep and Goat Meat ($6.47M). Over the past 5 years the exports of Uruguay to Israel have decreased at an annualized rate of 5.78%,  from $139M in 2017 to $103M in 2022.

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

Comparison: In 2022,  Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B). That same year, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Israel exported $48.3M to Uruguay. The main products exported from Israel to Uruguay were Mixed Mineral or Chemical Fertilizers ($21.3M), Potassic Fertilizers ($8.89M), and Liquid Dispersing Machines ($4.51M). During the last 5 years the exports of Israel to Uruguay have increased at an annualized rate of 21.1%, from $18.6M in 2017 to $48.3M in 2022.

In 2017, Uruguay exported $103M to Israel. The main products exported from Uruguay to Israel were Frozen Bovine Meat ($76.4M), Bovine Meat ($7.13M), and Sheep and Goat Meat ($6.47M). During the last 5 years the exports of Uruguay to Israel have decreased at an annualized rate of 5.78%, from $139M in 2022 to $103M in 2017.

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

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

Latest Data

Trade between Israel (Flag) and Uruguay (Flag)

Israel Exports

Uruguay Exports

Market Competitiveness

Color
Israel
Top Destination
United States$20.3B
Uruguay
Top Destination
China$2.89B

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

In 2022, countries that imported more from Israel than Uruguay included United States ($20.3B), Palestine ($4.6B), and Ireland ($3.86B).

In 2022, countries that imported more from Uruguay than Israel included Argentina ($999M), Algeria ($229M), and Paraguay ($149M).

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

Comparative Advantage Israel - Uruguay

Flow
Scale

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

During 2022, Israel had a large net trade with Uruguay in the exports of Chemical Products ($33.5M), Machines ($8.43M), and Plastics and Rubbers ($2.47M).

During 2017, Uruguay had a large net trade with Israel in the exports of Animal Products ($94.6M), Vegetable Products ($4.96M), and Foodstuffs ($1.24M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Israel Uruguay+$1.34MPesticides
Top Product Potential Uruguay Israel+$2.37MBovine 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.

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Economic Complexity

Competitive Landscape

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

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

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