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2023
Flag → Flag
Exports $18.4MRnk 104 / 211
2023
Flag → Flag
Top Product $1.62MCement Articles
2023
Flag → Flag
Exports $133MRnk 13 / 166
2023
Flag → Flag
Top Product $98.2MFuel Wood
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.22Rnk 52 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$77.2BCURRENT US$
Rnk 81 / 195
2013-2023
Flag
GDP GROWTH25.9%CURRENT US$
Rnk 122 / 195
2023
Flag
GDP PC $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195
2023
Flag
GDP PC$22,798CURRENT US$
Rnk 54 / 196
2013-2023
Flag
GDP PC GROWTH24.3%CURRENT US$
Rnk 90 / 195

About

Portugal-Uruguay Trade: In 2023, Portugal exported $18.4M to Uruguay. The main products that Portugal exported to Uruguay were Cement Articles ($1.62M), Special purpose motor vehicles ($1.27M), and Apples and Pears ($730k). Over the past 5 years the exports of Portugal to Uruguay have decreased at an annualized rate of 1.16%, from $19.5M in 2018 to $18.4M in 2023.

In 2003, Portugal exported services to Uruguay worth $1.81M, with Services not allocated ($1.81M) being the largest in terms of value.

Uruguay-Portugal Trade: In 2023, Uruguay exported $133M to Portugal. The main products that Uruguay exported to Portugal were Fuel Wood ($98.2M), Rice ($12.7M), and Frozen Bovine Meat ($6.78M). Over the past 5 years the exports of Uruguay to Portugal have decreased at an annualized rate of 0.71%,  from $142M in 2018 to $133M in 2023.

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

Comparison: In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). 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, Portugal exported €893k and imported €4.45M from Uruguay, resulting in a negative trade balance of €3.56M. Between November 2023 and November 2024 the exports of Portugal have decreased by €-810k (-47.6%) from €1.7M to €893k, while imports decreased by €-3.22M (-42%) from €7.67M to €4.45M.

Trade In November 2024, the top exports of Portugal to Uruguay were Animal or vegetable fats, oils, &... (€140k), Electrical machinery and electronics (€103k), Ships, boats, & floating structures (€90.1k), Plastics & articles thereof (€76.9k), and Cork & cork articles (€74.8k). In November 2024 the top imports of Portugal from Uruguay were Wood, wood articles, & charcoal (€15.2M), Meat & edible offal (€1.34M), Oils seeds, oleaginous fruits, grains, straw... (€197k), Cereals (€17.9k), and Perfumery & cosmetics (€812).

Growth In November 2024, the decrease in Portugal's year-by-year exports to Uruguay was explained primarily by an decrease in product exports in Stone, plaster, cement, asbestos, mica. (€-513k or -97.8%), Plastics & articles thereof (€-400k or -83.9%), and Iron/Steel Articles (€-292k or -94.5%). In November 2024, the decrease in Portugal's year-by-year imports  from Uruguay was explained primarily by an decrease in product imports  in Edible products of animal origin, n.e.s. (€-390k or -100%), Wool & animal hair (€-132k or -100%), and Cereals (€-78.7k or -81.5%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-810k(-47.6%)
IMPORT GROWTH (November 2023 - November 2024)€-3.22M(-42%)

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

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

For full datasets download visit Bulk Download page.

Explore Uruguay and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $18.4M to Uruguay. The main products exported from Portugal to Uruguay were Cement Articles ($1.62M), Special purpose motor vehicles ($1.27M), and Apples and Pears ($730k). During the last 5 years the exports of Portugal to Uruguay have decreased at an annualized rate of 1.16%, from $19.5M in 2018 to $18.4M in 2023.

In 2018, Uruguay exported $133M to Portugal. The main products exported from Uruguay to Portugal were Fuel Wood ($98.2M), Rice ($12.7M), and Frozen Bovine Meat ($6.78M). During the last 5 years the exports of Uruguay to Portugal have decreased at an annualized rate of 0.71%, from $142M in 2023 to $133M in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Uruguay
Top DestinationChina$2.34B

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

In 2023, countries that imported more from Portugal than Uruguay included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

In 2023, countries that imported more from Uruguay than Portugal included Brazil ($1.92B), China ($2.34B), and Argentina ($569M).

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

Comparative Advantage Portugal - Uruguay

Flow
Scale

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

During 2023, Portugal had a large net trade with Uruguay in the exports of Machines ($3.22M), Stone And Glass ($2.56M), and Metals ($2.17M).

During 2018, Uruguay had a large net trade with Portugal in the exports of Wood Products ($102M), Vegetable Products ($16.1M), and Animal Products ($12.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Uruguay+$463kPackaged Medicaments
Top Product Potential Uruguay Portugal+$2.34MBovine 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 Portugal and Uruguay. This means that a dot/product with the flag of Portugal indicates it has a comparative advantage over Uruguay. Similarly, a dot/product with the flag of Uruguay indicates it has a comparative advantage over Portugal.

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

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