United States (USA) and Uruguay (URY) Trade | The Observatory of Economic Complexity

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United States (USA) and Uruguay (URY) Trade

2022

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Exports $1.14BRnk 67 / 219

2022

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About

United States-Uruguay Trade: In 2022, United States exported $1.14B to Uruguay. The main products that United States exported to Uruguay were Crude Petroleum ($1.28B), Refined Petroleum ($58.3M), and Mixed Mineral or Chemical Fertilizers ($43.7M). Over the past 5 years the exports of United States to Uruguay have increased at an annualized rate of 25%, from $373M in 2017 to $1.14B in 2022.

In 2022, United States did not export any services to Uruguay.

Uruguay-United States Trade: In 2022, Uruguay exported $474M to United States. The main products that Uruguay exported to United States were Frozen Bovine Meat ($275M), Sulfate Chemical Woodpulp ($66.3M), and Other Prepared Meat ($59.7M). Over the past 5 years the exports of Uruguay to United States have increased at an annualized rate of 27.2%, from $143M in 2017 to $474M in 2022.

In 2022, Uruguay did not export any services to United States.

Comparison: In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B).

Company data: In 2023, leading companies such as Camposol Fresh (283), Lawrence Wholesale (240), and DAVID OPPENHEIMER CO. (141) were at the forefront of exporting goods from Uruguay to the United States. Conversely, Camposol Uruguay Srl (283), Ontilcor S.a. (151), and Other (85) were notable for importing products to Uruguay from the United States.

Latest Trends

April, 2024

About

Overview In April 2024, United States exported $107M and imported $100M from Uruguay, resulting in a positive trade balance of $6.48M. Between April 2023 and April 2024 the exports of United States have decreased by $-23.5M (-18%) from $130M to $107M, while imports increased by $19.7M (24.3%) from $80.7M to $100M.

Trade In April 2024, the top exports of United States to Uruguay were Crude Petroleum ($85M), Telephones ($12.2M), Refined Petroleum ($10.9M), Sodium or Potassium Peroxides ($10.5M), and Commodities not elsewhere specified ($9.4M). In April 2024 the top imports of United States from Uruguay were Frozen Bovine Meat ($23.3M), Sulfate Chemical Woodpulp ($14.7M), Other Prepared Meat ($5.19M), Sawn Wood ($4.12M), and Commodities not elsewhere specified ($3.22M).

Origins In April 2024 the exports of United States were mainly from Florida ($30.3M), Texas ($13.3M), Oregon ($6.58M), Illinois ($6.28M), and Louisiana ($4.79M), while imports destinations were mainly New Jersey ($15.4M), California ($13.5M), Pennsylvania ($10.6M), Illinois ($7.55M), and Texas ($5.49M).

Growth In April 2024, the decrease in United States's year-by-year exports to Uruguay was explained primarily by an decrease in product exports in Saturated Acyclic Monocarboxylic Acids ($-1.78M or -96.2%), Packaged Medicaments ($-1.6M or -21%), and Other Electrical Machinery ($-1.45M or -93.2%). In April 2024, the increase in United States's year-by-year imports from Uruguay was explained primarily by an increase in product imports in Frozen Bovine Meat ($11.6M or 98.8%), Sulfate Chemical Woodpulp ($5.57M or 61.2%), and Medical Instruments ($1.13M or 200%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (April 2023 - April 2024)$-23.5M(-18%)

IMPORT GROWTH (April 2023 - April 2024)$19.7M(24.3%)

MAIN EXPORTER (April 2024)Florida$30.3M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Uruguay and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United States exported $1.14B to Uruguay. The main products exported from United States to Uruguay were Crude Petroleum ($1.28B), Refined Petroleum ($58.3M), and Mixed Mineral or Chemical Fertilizers ($43.7M). During the last 5 years the exports of United States to Uruguay have increased at an annualized rate of 25%, from $373M in 2017 to $1.14B in 2022.

In 2017, Uruguay exported $474M to United States. The main products exported from Uruguay to United States were Frozen Bovine Meat ($275M), Sulfate Chemical Woodpulp ($66.3M), and Other Prepared Meat ($59.7M). During the last 22 years the exports of Uruguay to United States have increased at an annualized rate of 27.2%, from $143M in 1995 to $474M in 2017.

Exports from United States () to Uruguay () (2022)

Exports from Uruguay () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Uruguay
Top DestinationChina$2.89B

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

In 2022, countries that imported more from United States than Uruguay included Canada ($308B), Mexico ($294B), and China ($151B).

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

Difference in imports from Uruguay () and United States () (2022)

Comparative Advantage United States - Uruguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United States had a large net trade with Uruguay in the exports of Mineral Products ($1.37B), Chemical Products ($284M), and Machines ($252M).

During 2017, Uruguay had a large net trade with United States in the exports of Animal Products ($391M), Wood Products ($108M), and Foodstuffs ($71.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United States Uruguay+$42MRefined Petroleum

Top Product Potential Uruguay United States+$38.1MSulfate Chemical Woodpulp

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

Product Space of United States () and Uruguay () (2022)

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