2022
Flag  
GDP
$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH
31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
 GDP
$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH
15.5%CURRENT US$
Rnk 136 / 186
2022
Flag
GDP PC 
$20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH
29.3%CURRENT US$
Rnk 65 / 186
2022
Flag
GDP PC
$48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH
10.4%CURRENT US$
Rnk 115 / 186

About

Uruguay-Germany Trade: In 2022, Uruguay exported $298M to Germany. The main products that Uruguay exported to Germany were Sulfate Chemical Woodpulp ($203M), Bovine Meat ($28.4M), and Prepared Wool or Animal Hair ($25.9M). Over the past 5 years the exports of Uruguay to Germany have decreased at an annualized rate of 2.07%, from $330M in 2017 to $298M in 2022.

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

Germany-Uruguay Trade: In 2022, Germany exported $368M to Uruguay. The main products that Germany exported to Uruguay were Vaccines, blood, antisera, toxins and cultures ($43.7M), Packaged Medicaments ($28.8M), and Machinery Having Individual Functions ($17.5M). Over the past 5 years the exports of Germany to Uruguay have increased at an annualized rate of 6.35%,  from $271M in 2017 to $368M in 2022.

In 2020, Germany exported services to Uruguay worth $36.6M, with Other business services ($28.6M), Computer and information services ($6.86M), and Government services, n.i.e. ($1.14M) being the largest in terms of value.

Comparison: In 2022,  Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B). That same year, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Uruguay exported $298M to Germany. The main products exported from Uruguay to Germany were Sulfate Chemical Woodpulp ($203M), Bovine Meat ($28.4M), and Prepared Wool or Animal Hair ($25.9M). During the last 5 years the exports of Uruguay to Germany have decreased at an annualized rate of 2.07%, from $330M in 2017 to $298M in 2022.

In 2017, Germany exported $368M to Uruguay. The main products exported from Germany to Uruguay were Vaccines, blood, antisera, toxins and cultures ($43.7M), Packaged Medicaments ($28.8M), and Machinery Having Individual Functions ($17.5M). During the last 5 years the exports of Germany to Uruguay have increased at an annualized rate of 6.35%, from $271M in 2022 to $368M in 2017.

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

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

Latest Data

Trade between Uruguay (Flag) and Germany (Flag)

Uruguay Exports

Germany Exports

Market Competitiveness

Color
Uruguay
Top Destination
China$2.89B
Germany
Top Destination
United States$153B

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

In 2022, countries that imported more from Uruguay than Germany included American Samoa ($71.5k).

In 2022, countries that imported more from Germany than Uruguay included United States ($153B), France ($120B), and Netherlands ($109B).

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

Comparative Advantage Uruguay - Germany

Flow
Scale

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

During 2022, Uruguay had a large net trade with Germany in the exports of Paper Goods ($203M), Animal Products ($44.2M), and Textiles ($26.8M).

During 2017, Germany had a large net trade with Uruguay in the exports of Chemical Products ($122M), Machines ($108M), and Transportation ($34.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Uruguay Germany+$8.65MBovine Meat
Top Product Potential Germany Uruguay+$20.4MCars

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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Bilateral Service Trade

In 2020, Germany exported services to Uruguay worth $36.6M, with Other business services ($28.6M), Computer and information services ($6.86M), and Government services, n.i.e. ($1.14M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Germany (Flag) to Uruguay (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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