2022
Exports
$9.26MWorld Rnk 76 / 221
Flag Rnk 89 / 918
2022
PRODUCT COMPLEXITY IN Excavation Machinery
0.96Rnk 185 / 1025
2022
Imports
$23.1MWorld Rnk 123 / 224
Flag Rnk 123 / 1152
2022
ECONOMIC COMPLEXITY of Uruguay
0.15Rnk 57 / 133

About

Exports In 2022, Uruguay exported $9.26M in Excavation Machinery, making it the 76th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 89th most exported product in Uruguay. The main destination of Excavation Machinery exports from Uruguay are: India ($7.14M), Suriname ($1.52M), Argentina ($95.3k), Brazil ($91.7k), and Paraguay ($89.2k).

The fastest growing export markets for Excavation Machinery of Uruguay between 2021 and 2022 were India ($7.14M), Suriname ($1.52M), and Aruba ($40.2k).

Imports In 2022, Uruguay imported $23.1M in Excavation Machinery, becoming the 123rd largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 123rd most imported product in Uruguay. Uruguay imports Excavation Machinery primarily from: China ($4.41M), Brazil ($4.07M), United States ($1.58M), Italy ($1.53M), and Estonia ($1.31M).

The fastest growing import markets in Excavation Machinery for Uruguay between 2021 and 2022 were China ($1.73M), Estonia ($1.3M), and Austria ($1.1M).

Latest Trends

Nov 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Excavation Machinery. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$9.26M
IMPORTS (2022)$23.1M
NET TRADE (2022)-$13.8M

In 2022, Uruguay exported $9.26M in Excavation Machinery. The main destinations of Uruguay exports on Excavation Machinery were India ($7.14M), Suriname ($1.52M), Argentina ($95.3k), Brazil ($91.7k), and Paraguay ($89.2k).

In 2022, Uruguay imported $23.1M in Excavation Machinery, mainly from China ($4.41M), Brazil ($4.07M), United States ($1.58M), Italy ($1.53M), and Estonia ($1.31M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Uruguay WERE (2021 - 2022):
India$7.14M (1%)
Suriname$1.52M (1%)
Aruba$40.2k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Uruguay WERE (2021 - 2022):
Argentina-$40.6k (-29.9%)
Brazil-$30.2k (-24.8%)
Paraguay-$19.1k (-17.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Uruguay's main exporting competitors in Excavation Machinery were:
In 2022, Uruguay's main importing competitors in Excavation Machinery were:

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Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALIndia+ $536k
TOP IMPORT POTENTIALChina+ $2.77M

Excavation Machinery’s highest export potential is India. With an export gap of $536k.   Excavation Machinery’s highest import potential is China with an import gap of $2.77M.

See methodology.

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