Uruguay (URY) and Japan (JPN) Trade | The Observatory of Economic Complexity

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Uruguay-Japan Trade: In 2022, Uruguay exported $68.9M to Japan. The main products that Uruguay exported to Japan were Bovine Meat ($31.7M), Frozen Bovine Meat ($15.3M), and Horse Meat ($6.5M). Over the past 5 years the exports of Uruguay to Japan have increased at an annualized rate of 8.48%, from $45.8M in 2017 to $68.9M in 2022.

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

Japan-Uruguay Trade: In 2022, Japan exported $70.9M to Uruguay. The main products that Japan exported to Uruguay were Cars ($14.9M), Chemical Analysis Instruments ($4.76M), and Synthetic Rubber ($3.82M). Over the past 5 years the exports of Japan to Uruguay have decreased at an annualized rate of 0.029%, from $71M in 2017 to $70.9M in 2022.

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

Comparison: In 2022, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B). That same year, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Uruguay exported $68.9M to Japan. The main products exported from Uruguay to Japan were Bovine Meat ($31.7M), Frozen Bovine Meat ($15.3M), and Horse Meat ($6.5M). During the last 5 years the exports of Uruguay to Japan have increased at an annualized rate of 8.48%, from $45.8M in 2017 to $68.9M in 2022.

In 2017, Japan exported $70.9M to Uruguay. The main products exported from Japan to Uruguay were Cars ($14.9M), Chemical Analysis Instruments ($4.76M), and Synthetic Rubber ($3.82M). During the last 5 years the exports of Japan to Uruguay have decreased at an annualized rate of 0.029%, from $71M in 2022 to $70.9M in 2017.

Exports from Uruguay () to Japan () (2022)

Exports from Japan () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Japan ()

Uruguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.89B

Japan
Top DestinationUnited States$137B

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

In 2022, countries that imported more from Uruguay than Japan included Cuba ($56.8M), Venezuela ($65.2M), and Algeria ($229M).

In 2022, countries that imported more from Japan than Uruguay included United States ($137B), China ($135B), and South Korea ($50.8B).

Difference in imports from Japan () and Uruguay () (2022)

Comparative Advantage Uruguay - Japan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Uruguay had a large net trade with Japan in the exports of Animal Products ($60M), Foodstuffs ($3.22M), and Textiles ($2.11M).

During 2017, Japan had a large net trade with Uruguay in the exports of Machines ($21.7M), Transportation ($17.6M), and Plastics and Rubbers ($10M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uruguay Japan+$13.2MFrozen Bovine Meat

Top Product Potential Japan Uruguay+$16MCars

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Uruguay () to Japan () (2022)

Exports from Japan () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Japan ()

Uruguay Exports

Market Competitiveness

Difference in imports from Japan () and Uruguay () (2022)

Comparative Advantage Uruguay - Japan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Uruguay () and Japan () (2022)

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