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Pricing

2022
Flag → Flag
Exports $120MRnk 80 / 215
2022
Flag → Flag
Top Product $68.3MPotassic Fertilizers
2022
Flag → Flag
Exports $63MRnk 29 / 168
2022
Flag → Flag
Top Product $46.7MFrozen Bovine Meat
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC$20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH29.3%CURRENT US$
Rnk 65 / 186

About

Canada-Uruguay Trade: In 2022, Canada exported $120M to Uruguay. The main products that Canada exported to Uruguay were Potassic Fertilizers ($68.3M), Other Agricultural Machinery ($8.69M), and Harvesting Machinery ($7.68M). Over the past 5 years the exports of Canada to Uruguay have increased at an annualized rate of 10.5%, from $73M in 2017 to $120M in 2022.

In 2020, Canada exported services to Uruguay worth $746k, with Communications services ($746k) being the largest in terms of value.

Uruguay-Canada Trade: In 2022, Uruguay exported $63M to Canada. The main products that Uruguay exported to Canada were Frozen Bovine Meat ($46.7M), Sheep and Goat Meat ($4.66M), and Sawn Wood ($3.41M). Over the past 5 years the exports of Uruguay to Canada have increased at an annualized rate of 5.24%,  from $48.8M in 2017 to $63M in 2022.

In 2022, Uruguay did not export any services to Canada.

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B).

Latest Trends

September, 2024

About

Overview In September 2024, Canada exported C$974k and imported C$6.96M from Uruguay, resulting in a negative trade balance of C$5.98M. Between September 2023 and September 2024 the exports of Canada have decreased by C$-5.13M (-84.1%) from C$6.11M to C$974k, while imports increased by C$3.08M (79.3%) from C$3.88M to C$6.96M.

Trade In September 2024, the top exports of Canada to Uruguay were Potassic Fertilizers (C$3M), Other Agricultural Machinery (C$1.61M), Office Machine Parts (C$760k), Dried Legumes (C$709k), and Packaged Medicaments (C$546k). In September 2024 the top imports of Canada from Uruguay were Frozen Bovine Meat (C$13M), Sulfate Chemical Woodpulp (C$751k), Sawn Wood (C$351k), Laboratory Reagents (C$113k), and Rice (C$92.1k).

Origins In September 2024 the exports of Canada were mainly from Ontario (C$499k), British Columbia (C$252k), Quebec (C$139k), and Alberta (C$83.4k), while imports destinations were mainly Quebec (C$3.49M), Ontario (C$3.06M), British Columbia (C$371k), Nova Scotia (C$32.9k), and Alberta (C$2.4k).

Growth In September 2024, the decrease in Canada's year-by-year exports to Uruguay was explained primarily by an decrease in product exports in Potassic Fertilizers (C$-5.05M or -62.7%), Harvesting Machinery (C$-2.76M or -96.7%), and Oxygen Amino Compounds (C$-616k or -99.7%). In September 2024, the increase in Canada's year-by-year imports  from Uruguay was explained primarily by an increase in product imports  in Frozen Bovine Meat (C$8.54M or 191%), Sulfate Chemical Woodpulp (C$641k or 583%), and Laboratory Reagents (C$103k or 1.07k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)C$-5.13M(-84.1%)
IMPORT GROWTH (September 2023 - September 2024)C$3.08M(79.3%)
MAIN EXPORTER (September 2024)OntarioC$499k

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

To check Uruguay and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Uruguay and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $120M to Uruguay. The main products exported from Canada to Uruguay were Potassic Fertilizers ($68.3M), Other Agricultural Machinery ($8.69M), and Harvesting Machinery ($7.68M). During the last 5 years the exports of Canada to Uruguay have increased at an annualized rate of 10.5%, from $73M in 2017 to $120M in 2022.

In 2017, Uruguay exported $63M to Canada. The main products exported from Uruguay to Canada were Frozen Bovine Meat ($46.7M), Sheep and Goat Meat ($4.66M), and Sawn Wood ($3.41M). During the last 5 years the exports of Uruguay to Canada have increased at an annualized rate of 5.24%, from $48.8M in 2022 to $63M in 2017.

Exports from Canada (Flag) to Uruguay (Flag) (2022)

Exports from Uruguay (Flag) to Canada (Flag) (2022)

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Uruguay
Top DestinationChina$2.89B

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

In 2022, countries that imported more from Canada than Uruguay included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Uruguay than Canada included Argentina ($999M), Paraguay ($149M), and Bolivia ($60.9M).

Difference in imports from Uruguay (Flag) and Canada (Flag) (2022)

Comparative Advantage Canada - Uruguay

Flow
Scale

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

During 2022, Canada had a large net trade with Uruguay in the exports of Chemical Products ($77.8M), Machines ($27.2M), and Transportation ($5.63M).

During 2017, Uruguay had a large net trade with Canada in the exports of Animal Products ($52.1M), Wood Products ($4.65M), and Vegetable Products ($2.34M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Uruguay+$5.14MPackaged Medicaments
Top Product Potential Uruguay Canada+$1.83MSawn Wood

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

Product Space of Canada (Flag) and Uruguay (Flag) (2022)

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