2022
Flag  
GDP
$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH
17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP
$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH
31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
GDP PC 
$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH
4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC
$20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH
29.3%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).

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 Destination
United States$438B
Uruguay
Top Destination
China$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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