Flag United States / Uruguay Flag

Exports Flag β†’ Flag  (2018): $952M, Rnk 76 / 215

Top Product Flag β†’ Flag (2018): $137M, Crude Petroleum

Exports Flag β†’ Flag (2018): $478M, Rnk 4 / 157

Top Product Flag β†’ Flag (2018): $177M, Frozen Bovine Meat

Economic Complexity of Flag (2018): ECI 1.57, Rnk 9 / 137

Economic Complexity of Flag (2018): ECI 0.17, Rnk 58 / 137

GDP Flag (2018): $20.5T, CURRENT US$
Rnk 1 / 196

GDP GROWTH Flag (2008-2018): 39.6%, CURRENT US$
Rnk 99 / 196

GDP Flag (2018): $59.6B, CURRENT US$
Rnk 79 / 196

GDP GROWTH Flag (2008-2018): 96.3%, CURRENT US$
Rnk 33 / 196

GDP PC Flag (2018): $62,795, CURRENT US$
Rnk 10 / 196

GDP PC GROWTH Flag (2008-2018): 29.8%, CURRENT US$
Rnk 81 / 196

GDP PC Flag (2018): $17,278, CURRENT US$
Rnk 53 / 196

GDP PC GROWTH Flag (2008-2018): 90.1%, CURRENT US$
Rnk 20 / 196

United States-Uruguay: In 2018, United States exported $952M to Uruguay. The main products exported from United States to Uruguay were Crude Petroleum ($137M), Broadcasting Equipment ($84.4M), and Sodium or Potassium Peroxides ($52.2M). During the last 23 years the exports of United States to Uruguay have increased at an annualized rate of 4.42%, from $352M in 1995 to $952M in 2018.

Uruguay-United States: In 2018, Uruguay exported $478M to United States. The main products exported from Uruguay to United States were Frozen Bovine Meat ($177M), Other Prepared Meat ($46.1M), and Orthopedic Appliances ($42.7M). During the last 23 years the exports of Uruguay to United States have increased at an annualized rate of 5.44%, from $141M in 1995 to $478M in 2018.

Comparison: In 2018, United States ranked 9 in the Economic Complexity Index (ECI 1.57), and 3 in total exports ($1.44T). That same year, Uruguay ranked 58 in the Economic Complexity Index (ECI 0.17), and 92 in total exports ($8.96B). In terms of GDP Per Capita, United States was ranked 10 with a GDP Per Capita of $62,795, and Uruguay was ranked 53 with a GDP Per Capita of $17,278.

Bilateral Trade by Products

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Depth
Value

In 2018, United States exported $952M to Uruguay. The main products exported from United States to Uruguay were Crude Petroleum ($137M), Broadcasting Equipment ($84.4M), and Sodium or Potassium Peroxides ($52.2M). During the last 23 years the exports of United States to Uruguay have increased at an annualized rate of 4.42%, from $352M in 1995 to $952M in 2018.

In 2018, Uruguay exported $478M to United States. The main products exported from Uruguay to United States were Frozen Bovine Meat ($177M), Other Prepared Meat ($46.1M), and Orthopedic Appliances ($42.7M). During the last 23 years the exports of Uruguay to United States have increased at an annualized rate of 5.44%, from $141M in 1995 to $478M in 2018.

Market Competitiveness

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Measure

United States
Top Destination
: Mexico, $237B

Uruguay
Top Destination
: China, $2.04B

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 2018, countries that imported more from United States than Uruguay were Mexico ($237B), Canada ($190B), and China ($119B).

In 2018, countries that imported more from Uruguay than United States were North Korea ($108k).

Comparative Advantage United States - Uruguay

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Depth

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

During 2018, United States had a large net trade with Uruguay in the exports of Machines ($275M), Chemical Products ($246M), and Mineral Products ($180M).

During 2018, Uruguay had a large net trade with United States in the exports of Animal Products ($216M), Foodstuffs ($52.7M), and Instruments ($47.7M).

Tariff Section

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This sections shows import tariffs for products traded between United States and Uruguay (using the HS6 product classification and the last year reported).

In 2018, the products from United States that paid the highest import tariffs to enter Uruguay were Tobacco: smoking, other than water pipe tobacco, whether or not containing tobacco substitutes in any proportion (350%) and Homogenized or reconstituted tobacco (350%).

In 2018, the products from Uruguay that paid the highest import tariffs to enter United States were Refined sugar, in solid form, flavoured or coloured (35%) and Refined sugar, in solid form, nes, pure sucrose (35%).

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*The tariffs present between United States and Uruguay are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between United States and Uruguay. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

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Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more United States has comparative advantage over Uruguay. Similarly, the more red a dot/product is, the more Uruguay has comparative advantage over United States.