Flag Italy / Uruguay Flag

2019
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Exports
: $217M, Rnk 99 / 224

2019
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Top Product
: $64.6M, Packaged Medicaments

2019
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Exports
: $312M, Rnk 6 / 167

2019
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Top Product
: $251M, Sulfate Chemical Woodpulp

2019
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Economic Complexity (ECI)
: ECI 1.36, Rnk 17 / 146

2019
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Economic Complexity (ECI)
: ECI 0.066, Rnk 66 / 146

2019
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GDP
: $2T, CURRENT US$
Rnk 8 / 187

2009-2019
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GDP GROWTH
: -8.56%, CURRENT US$
Rnk 180 / 187

2019
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 GDP
: $56B, CURRENT US$
Rnk 81 / 187

2009-2019
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GDP GROWTH
: 77%, CURRENT US$
Rnk 50 / 187

2019
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GDP PC 
: $33,228, CURRENT US$
Rnk 29 / 187

2009-2019
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GDP PC GROWTH
: -10.4%, CURRENT US$
Rnk 176 / 187

2019
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GDP PC
: $16,190, CURRENT US$
Rnk 55 / 187

2009-2019
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GDP PC GROWTH
: 71.3%, CURRENT US$
Rnk 33 / 187

Italy-Uruguay In 2019, Italy exported $217M to Uruguay. The main products that Italy exported to Uruguay are Packaged Medicaments ($64.6M), Blood, antisera, vaccines, toxins and cultures ($16.2M), and Perfumes ($6.31M). During the last 24 years the exports of Italy to Uruguay have increased at an annualized rate of 0.22%, from $206M in 1995 to $217M in 2019.

In 2018, Italy exported services to Uruguay worth $36.1M, with Travel ($24.7M), Transportation ($5.91M), and Other business services ($3.66M) being the largest in terms of value.

Uruguay-Italy In 2019, Uruguay exported $312M to Italy . The main products that Uruguay exported to Italy were Sulfate Chemical Woodpulp ($251M), Frozen Bovine Meat ($16.2M), and Bovine Meat ($11.2M). During the last 24 years the exports of Uruguay to Italy have increased at an annualized rate of 5.62%, from $84.1M in 1995 to $312M in 2019.

In 2019, Uruguay did not export any services to Italy.

Comparison In 2019,  Italy ranked 17 in the Economic Complexity Index (ECI 1.36), and 8 in total exports ($525B). That same year, Uruguay ranked 66 in the Economic Complexity Index (ECI 0.066), and 93 in total exports ($9.1B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, Italy exported $217M to Uruguay. The main products exported from Italy to Uruguay were Packaged Medicaments ($64.6M), Blood, antisera, vaccines, toxins and cultures ($16.2M), and Perfumes ($6.31M). During the last 24 years the exports of Italy to Uruguay have increased at an annualized rate of 0.22%, from $206M in 1995 to $217M in 2019.

In 2019, Uruguay exported $312M to Italy. The main products exported from Uruguay to Italy were Sulfate Chemical Woodpulp ($251M), Frozen Bovine Meat ($16.2M), and Bovine Meat ($11.2M). During the last 24 years the exports of Uruguay to Italy have increased at an annualized rate of 5.62%, from $84.1M in 1995 to $312M in 2019.

Uruguay Exports

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Market Competitiveness

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Measure

Italy
Top Destination
: Germany, $64.5B

Uruguay
Top Destination
: China, $2.63B

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

In 2019, countries that imported more from Italy than Uruguay were Germany ($64.5B), France ($54.9B), and United States ($51.8B).

In 2019, countries that imported more from Uruguay than Italy were Paraguay ($216M), Sierra Leone ($11.4M), and Falkland Islands ($815k).

Comparative Advantage Italy - Uruguay

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Depth

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

During 2019, Italy had a large net trade with Uruguay in the exports of Chemical Products ($97.3M), Machines ($52.4M), and Foodstuffs ($10.1M).

During 2019, Uruguay had a large net trade with Italy in the exports of Paper Goods ($251M), Animal Products ($33.1M), and Textiles ($11.7M).

Tariff Section

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This section shows import tariffs for products traded between Italy and Uruguay (using the HS6 product classification and the last year reported).

In 2017, the products from Italy that paid the highest import tariffs to enter Uruguay were Sugar beet (178%) and Whey (173%).

In 2018, the products from Uruguay that paid the highest import tariffs to enter Italy were Refined sugar, in solid form, flavoured or coloured (35%) and Refined sugar, in solid form, nes, pure sucrose (35%).

*The tariffs present between Italy and Uruguay are:
122: EU preferential tariff for sugar producing countries
136: Most Favoured Nation duty rate treatement

Bilateral Service Trade

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In 2018, Italy exported services to Uruguay worth $36.1M, with Travel ($24.7M), Transportation ($5.91M), and Other business services ($3.66M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Uruguay. Similarly, the more red a dot/product is, the more Uruguay has comparative advantage over Italy.