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
Flag
 GDP
$1.4TCURRENT US$
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2012-2022
Flag
GDP GROWTH
5.49%CURRENT US$
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2022
Flag
GDP PC 
$20,795CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
29.3%CURRENT US$
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2022
Flag
GDP PC
$29,350CURRENT US$
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2012-2022
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GDP PC GROWTH
3.63%CURRENT US$
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About

Uruguay-Spain Trade: In 2022, Uruguay exported $148M to Spain. The main products that Uruguay exported to Spain were Sulfate Chemical Woodpulp ($54.5M), Bovine Meat ($24.3M), and Rice ($11.8M). Over the past 5 years the exports of Uruguay to Spain have increased at an annualized rate of 7.38%, from $104M in 2017 to $148M in 2022.

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

Spain-Uruguay Trade: In 2022, Spain exported $313M to Uruguay. The main products that Spain exported to Uruguay were Traffic Signals ($20.7M), Iron Structures ($17.8M), and Cars ($9.65M). Over the past 5 years the exports of Spain to Uruguay have increased at an annualized rate of 3.24%,  from $242M in 2017 to $313M in 2022.

In 2009, Spain exported services to Uruguay worth $416M, with Services not allocated ($416M) 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Uruguay exported $148M to Spain. The main products exported from Uruguay to Spain were Sulfate Chemical Woodpulp ($54.5M), Bovine Meat ($24.3M), and Rice ($11.8M). During the last 5 years the exports of Uruguay to Spain have increased at an annualized rate of 7.38%, from $104M in 2017 to $148M in 2022.

In 2017, Spain exported $313M to Uruguay. The main products exported from Spain to Uruguay were Traffic Signals ($20.7M), Iron Structures ($17.8M), and Cars ($9.65M). During the last 5 years the exports of Spain to Uruguay have increased at an annualized rate of 3.24%, from $242M in 2022 to $313M in 2017.

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

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

Latest Data

Trade between Uruguay (Flag) and Spain (Flag)

Uruguay Exports

Spain Exports

Market Competitiveness

Color
Uruguay
Top Destination
China$2.89B
Spain
Top Destination
France$65.2B

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

In 2022, no countries were registered that imported more from Uruguay than from Spain.

In 2022, countries that imported more from Spain than Uruguay included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

Comparative Advantage Uruguay - Spain

Flow
Scale

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

During 2022, Uruguay had a large net trade with Spain in the exports of Paper Goods ($58.3M), Animal Products ($41.1M), and Vegetable Products ($16.7M).

During 2017, Spain had a large net trade with Uruguay in the exports of Machines ($79.4M), Chemical Products ($42.6M), and Transportation ($41.6M).

Economic Complexity

Competitive Landscape

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

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

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