Overview In 2022, Uruguay was the number 79 economy in the world in terms of GDP (current US$), the number 98 in total exports, the number 104 in total imports, the number 49 economy in terms of GDP per capita (current US$) and the number 55 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Uruguay are Frozen Bovine Meat ($2.14B), Sulfate Chemical Woodpulp ($1.84B), Soybeans ($793M), Concentrated Milk ($632M), and Rice ($502M), exporting mostly to China ($2.89B), Brazil ($1.69B), Argentina ($999M), United States ($818M), and Netherlands ($587M).

Imports The top imports of Uruguay are Crude Petroleum ($1.93B), Cars ($473M), Packaged Medicaments ($418M), Broadcasting Equipment ($362M), and Delivery Trucks ($354M), importing mostly from Brazil ($2.92B), China ($2.63B), United States ($2.21B), Argentina ($1.53B), and Germany ($368M).

Location Uruguay borders Argentina and Brazil by land.

Latest Trends

Latest Trade


The following section uses the most recent trade data from partners of Uruguay.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data


The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Top Export (2022)Frozen Bovine Meat$2.14B
Top Destination (2022)China$2.89B

In 2022, Uruguay exported a total of $12B, making it the number 98 exporter in the world. During the last five reported years the exports of Uruguay have changed by $2.92B from $9.07B in 2017 to $12B in 2022.

The most recent exports are led by Frozen Bovine Meat ($2.14B), Sulfate Chemical Woodpulp ($1.84B), Soybeans ($793M), Concentrated Milk ($632M), and Rice ($502M). The most common destination for the exports of Uruguay are China ($2.89B), Brazil ($1.69B), Argentina ($999M), United States ($818M), and Netherlands ($587M).

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Exports (2022)
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Destinations (2022)
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Market Growth

Fastest Growing Export Markets (2021 - 2022)
Argentina$441M (+ 78.8%)
United States$211M (+ 34.7%)
South Korea$141M (+ 112%)
Fastest Growing Import Markets (2021 - 2022)
United States$919M (+ 71.4%)
Brazil$823M (+ 39.2%)
Argentina$352M (+ 29.8%)

Total Export Growth by Market (2021 - 2022)

Service Trade

Service Trade

Uruguay Exports Services (2018)$6.36B
Uruguay Imports Services (2018)$3.7B

In 2018, Uruguay exported $6.36B worth of services. The top services exported by Uruguay in 2018 were Personal travel ($2.04B), Merchanting and other trade-related services ($1.47B), Miscellaneous business, professional, and technical services ($1.33B), Business travel ($314M), and Telecommunications services ($229M).

The top services imported by Uruguay in 2018 were Personal travel ($954M), Miscellaneous business, professional, and technical services ($869M), Sea transport ($488M), Air transport ($327M), and Computer and information services ($266M).

Service Exports (2018)

Service Imports (2018)

Economic Complexity


Economic Complexity (Trade)0.12Rank 55 of 124
Economic Complexity (Technology)-0.44Rank 62 of 96
Economic Complexity (Research)-0.072Rank 59 of 135

Most Specialized Products by RCA Index

Uruguay has a high level of specialization in Malt (123), Frozen Bovine Meat (110), Prepared Wool or Animal Hair (104), Sulfate Chemical Woodpulp (91.5), and Bovine, Sheep, and Goat Fat (74.5). Specialization is measured using RCA, an index that takes the ratio between Uruguay observed and expected exports in each product.

Most Complex Products by PCI

Export Opportunities by Relatedness

The top export opportunities for Uruguay according to the relatedness index, were Sorghum (0.15), Gold (0.15), Manganese Ore (0.15), Raw Cotton (0.14), and Iron Ore (0.14). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Uruguay is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Uruguay. These are products that tend to be co-exported with the products that Uruguay exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier


The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Economic Complexity Ranking


During the last 20 years Uruguay's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨37th to the 55th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

Explore Rankings

ECI (Trade) Ranking by Country

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