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2023
Flag → Flag
Exports $73.4MRnk 132 / 211
2023
Flag → Flag
Top Product $21.7MCars
2023
Flag → Flag
Exports $71MRnk 28 / 166
2023
Flag → Flag
Top Product $18.9MFrozen Bovine Meat
2023
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 132
2023
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Economic Complexity (ECI) ECI 0.22Rnk 52 / 132
2023
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GDP$4.2TCURRENT US$
Rnk 4 / 195
2013-2023
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GDP GROWTH-19.3%CURRENT US$
Rnk 190 / 195
2023
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 GDP$77.2BCURRENT US$
Rnk 81 / 195
2013-2023
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GDP GROWTH25.9%CURRENT US$
Rnk 122 / 195
2023
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GDP PC $33,767CURRENT US$
Rnk 38 / 195
2013-2023
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GDP PC GROWTH-17.4%CURRENT US$
Rnk 176 / 195
2023
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GDP PC$22,798CURRENT US$
Rnk 54 / 196
2013-2023
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GDP PC GROWTH24.3%CURRENT US$
Rnk 90 / 195

About

Japan-Uruguay Trade: In 2023, Japan exported $73.4M to Uruguay. The main products that Japan exported to Uruguay were Cars ($21.7M), Vaccines, blood, antisera, toxins and cultures ($5.45M), and Other Plastic Products ($4.71M). Over the past 5 years the exports of Japan to Uruguay have increased at an annualized rate of 3.75%, from $61.1M in 2018 to $73.4M in 2023.

In 2023, Japan did not export any services to Uruguay.

Uruguay-Japan Trade: In 2023, Uruguay exported $71M to Japan. The main products that Uruguay exported to Japan were Frozen Bovine Meat ($18.9M), Edible Offal ($18.8M), and Bovine Meat ($15.3M). Over the past 5 years the exports of Uruguay to Japan have increased at an annualized rate of 42.6%,  from $12M in 2018 to $71M in 2023.

In 2023, Uruguay did not export any services to Japan.

Comparison: In 2023,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B). 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, Japan exported ¥681M and imported ¥1.3B from Uruguay, resulting in a negative trade balance of ¥616M. Between November 2023 and November 2024 the exports of Japan have decreased by ¥-236M (-25.8%) from ¥917M to ¥681M, while imports increased by ¥439M (51.1%) from ¥858M to ¥1.3B.

Trade In November 2024, the top exports of Japan to Uruguay were Cars (¥249M), Chemical Analysis Instruments (¥116M), Commodities not elsewhere specified (¥66.4M), Synthetic Rubber (¥63.6M), and Industrial Printers (¥51.6M). In November 2024 the top imports of Japan from Uruguay were Bovine Meat (¥471M), Frozen Bovine Meat (¥135M), Edible Offal (¥127M), Horse Meat (¥92.6M), and Wool Grease (¥24.1M).

Origins In November 2024 the exports of Japan were mainly from Kanagawa (¥309M), Shizuoka (¥84.2M), Kyoto (¥80.5M), Aichi (¥61.3M), and Tokyo (¥40.6M), while imports destinations were mainly Tokyo (¥866M), Kanagawa (¥290M), Osaka (¥75M), Chiba (¥54.4M), and Shizuoka (¥11.4M).

Growth In November 2024, the decrease in Japan's year-by-year exports to Uruguay was explained primarily by an decrease in product exports in Drafting Tools (¥-20.2M or -73%), Gaskets (¥-12.9M or -95.8%), and Industrial Printers (¥-11.6M or -18.3%). In November 2024, the increase in Japan's year-by-year imports  from Uruguay was explained primarily by an increase in product imports  in Bovine Meat (¥147M or 45.3%), Edible Offal (¥109M or 600%), and Horse Meat (¥85.2M or 1.15k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)¥-236M(-25.8%)
IMPORT GROWTH (November 2023 - November 2024)¥439M(51.1%)
MAIN EXPORTER (November 2024)Kanagawa¥309M

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

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

For full datasets download visit Bulk Download page.

Explore Uruguay and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Japan exported $73.4M to Uruguay. The main products exported from Japan to Uruguay were Cars ($21.7M), Vaccines, blood, antisera, toxins and cultures ($5.45M), and Other Plastic Products ($4.71M). During the last 5 years the exports of Japan to Uruguay have increased at an annualized rate of 3.75%, from $61.1M in 2018 to $73.4M in 2023.

In 2018, Uruguay exported $71M to Japan. The main products exported from Uruguay to Japan were Frozen Bovine Meat ($18.9M), Edible Offal ($18.8M), and Bovine Meat ($15.3M). During the last 5 years the exports of Uruguay to Japan have increased at an annualized rate of 42.6%, from $12M in 2023 to $71M in 2018.

Exports from Japan (Flag) to Uruguay (Flag) (2023)

Exports from Uruguay (Flag) to Japan (Flag) (2023)

Market Competitiveness

Color
Japan
Top DestinationUnited States$143B
Uruguay
Top DestinationChina$2.34B

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

In 2023, countries that imported more from Japan than Uruguay included United States ($143B), China ($138B), and Chinese Taipei ($43B).

In 2023, countries that imported more from Uruguay than Japan included Algeria ($121M), Cuba ($25.4M), and Aruba ($8.67M).

Difference in imports from Uruguay (Flag) and Japan (Flag) (2023)

Comparative Advantage Japan - Uruguay

Flow
Scale

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

During 2023, Japan had a large net trade with Uruguay in the exports of Transportation ($24.9M), Machines ($15.5M), and Plastics and Rubbers ($12.6M).

During 2018, Uruguay had a large net trade with Japan in the exports of Animal Products ($63.1M), Foodstuffs ($3.15M), and Textiles ($1.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Uruguay+$16MCars
Top Product Potential Uruguay Japan+$13.2MFrozen 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.

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Economic Complexity

Competitive Landscape

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

Product Space of Japan (Flag) and Uruguay (Flag) (2023)

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