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2023
Flag → Flag
Exports $880MRnk 3 / 166
2023
Flag → Flag
Top Product $292MFrozen Bovine Meat
2023
Flag → Flag
Exports $1.23BRnk 76 / 220
2023
Flag → Flag
Top Product $314MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.22Rnk 52 / 132
2023
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Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$77.2BCURRENT US$
Rnk 81 / 195
2013-2023
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GDP GROWTH25.9%CURRENT US$
Rnk 122 / 195
2023
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 GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
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GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
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GDP PC $22,798CURRENT US$
Rnk 54 / 195
2013-2023
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GDP PC GROWTH24.3%CURRENT US$
Rnk 90 / 195
2023
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GDP PC$82,769CURRENT US$
Rnk 9 / 196
2013-2023
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GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195

About

Uruguay-United States Trade: In 2023, Uruguay exported $880M to United States. The main products that Uruguay exported to United States were Frozen Bovine Meat ($292M), Bovine, Sheep, and Goat Fat ($104M), and Sulfate Chemical Woodpulp ($94.8M). Over the past 5 years the exports of Uruguay to United States have increased at an annualized rate of 14.6%, from $446M in 2018 to $880M in 2023.

In 2023, Uruguay did not export any services to United States.

United States-Uruguay Trade: In 2023, United States exported $1.23B to Uruguay. The main products that United States exported to Uruguay were Crude Petroleum ($314M), Refined Petroleum ($138M), and Sodium or Potassium Peroxides ($80.6M). Over the past 5 years the exports of United States to Uruguay have increased at an annualized rate of 4.33%,  from $804M in 2018 to $1.23B in 2023.

In 2023, United States did not export any services to Uruguay.

Comparison: In 2023,  Uruguay ranked 52 in the Economic Complexity Index (ECI 0.22), and 100 in total exports ($11B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Uruguay exported $880M to United States. The main products exported from Uruguay to United States were Frozen Bovine Meat ($292M), Bovine, Sheep, and Goat Fat ($104M), and Sulfate Chemical Woodpulp ($94.8M). During the last 5 years the exports of Uruguay to United States have increased at an annualized rate of 14.6%, from $446M in 2018 to $880M in 2023.

In 2018, United States exported $1.23B to Uruguay. The main products exported from United States to Uruguay were Crude Petroleum ($314M), Refined Petroleum ($138M), and Sodium or Potassium Peroxides ($80.6M). During the last 5 years the exports of United States to Uruguay have increased at an annualized rate of 4.33%, from $804M in 2023 to $1.23B in 2018.

Exports from Uruguay (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to Uruguay (Flag) (2023)

Latest Data

Trade between Uruguay (Flag) and United States (Flag)

Uruguay Exports

United States Exports

Market Competitiveness

Color
Uruguay
Top DestinationChina$2.34B
United States
Top DestinationCanada$269B

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

In 2023, no countries were registered that imported more from Uruguay than from United States.

In 2023, countries that imported more from United States than Uruguay included Canada ($269B), Mexico ($243B), and China ($154B).

Difference in imports from United States (Flag) and Uruguay (Flag) (2023)

Comparative Advantage Uruguay - United States

Flow
Scale

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

During 2023, Uruguay had a large net trade with United States in the exports of Animal Products ($380M), Animal and Vegetable Bi-Products ($106M), and Paper Goods ($96.3M).

During 2018, United States had a large net trade with Uruguay in the exports of Mineral Products ($527M), Chemical Products ($214M), and Machines ($185M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Uruguay United States+$38.1MSulfate Chemical Woodpulp
Top Product Potential United States Uruguay+$42MRefined Petroleum

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

Product Space of Uruguay (Flag) and United States (Flag) (2023)

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