Uruguay (URY) and Portugal (PRT) Trade | The Observatory of Economic Complexity

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Uruguay-Portugal Trade: In 2022, Uruguay exported $128M to Portugal. The main products that Uruguay exported to Portugal were Fuel Wood ($86.6M), Frozen Bovine Meat ($12.7M), and Rice ($11.6M). Over the past 5 years the exports of Uruguay to Portugal have increased at an annualized rate of 8.99%, from $83M in 2017 to $128M in 2022.

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

Portugal-Uruguay Trade: In 2022, Portugal exported $27.1M to Uruguay. The main products that Portugal exported to Uruguay were Polyacetals ($5.03M), Cement Articles ($4.42M), and Iron Railway Products ($1.79M). Over the past 5 years the exports of Portugal to Uruguay have increased at an annualized rate of 16.2%, from $12.8M in 2017 to $27.1M in 2022.

In 2003, Portugal exported services to Uruguay worth $1.81M, with Services not allocated ($1.81M) 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Uruguay exported $128M to Portugal. The main products exported from Uruguay to Portugal were Fuel Wood ($86.6M), Frozen Bovine Meat ($12.7M), and Rice ($11.6M). During the last 5 years the exports of Uruguay to Portugal have increased at an annualized rate of 8.99%, from $83M in 2017 to $128M in 2022.

In 2017, Portugal exported $27.1M to Uruguay. The main products exported from Portugal to Uruguay were Polyacetals ($5.03M), Cement Articles ($4.42M), and Iron Railway Products ($1.79M). During the last 5 years the exports of Portugal to Uruguay have increased at an annualized rate of 16.2%, from $12.8M in 2022 to $27.1M in 2017.

Exports from Uruguay () to Portugal () (2022)

Exports from Portugal () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Portugal ()

Uruguay Exports

Date

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.89B

Portugal
Top DestinationSpain$20.5B

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

In 2022, countries that imported more from Uruguay than Portugal included China ($2.89B), Argentina ($999M), and Brazil ($1.69B).

In 2022, countries that imported more from Portugal than Uruguay included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

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

Comparative Advantage Uruguay - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Uruguay had a large net trade with Portugal in the exports of Wood Products ($86.7M), Animal Products ($19.7M), and Vegetable Products ($16.8M).

During 2017, Portugal had a large net trade with Uruguay in the exports of Plastics and Rubbers ($6.21M), Metals ($5.95M), and Stone And Glass ($5.16M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uruguay Portugal+$2.34MBovine Meat

Top Product Potential Portugal Uruguay+$463kPackaged Medicaments

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 Portugal. This means that a dot/product with the flag of Uruguay indicates it has a comparative advantage over Portugal. Similarly, a dot/product with the flag of Portugal indicates it has a comparative advantage over Uruguay.

About

Historical Data

Bilateral Trade by Products

Exports from Uruguay () to Portugal () (2022)

Exports from Portugal () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Portugal ()

Uruguay Exports

Portugal Exports

Market Competitiveness

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

Comparative Advantage Uruguay - Portugal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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