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Pricing

2022
Flag → Flag
Exports $368MRnk 94 / 223
2022
Flag → Flag
Top Product $43.7MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $298MRnk 7 / 168
2022
Flag → Flag
Top Product $203MSulfate Chemical Woodpulp
2022
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Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
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Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
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GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
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GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
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 GDP$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
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GDP GROWTH31.2%CURRENT US$
Rnk 96 / 186
2022
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GDP PC $48,432CURRENT US$
Rnk 21 / 186
2012-2022
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GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186
2022
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GDP PC$20,795CURRENT US$
Rnk 49 / 186
2012-2022
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GDP PC GROWTH29.3%CURRENT US$
Rnk 65 / 186

About

Germany-Uruguay Trade: In 2022, Germany exported $368M to Uruguay. The main products that Germany exported to Uruguay were Vaccines, blood, antisera, toxins and cultures ($43.7M), Packaged Medicaments ($28.8M), and Machinery Having Individual Functions ($17.5M). Over the past 5 years the exports of Germany to Uruguay have increased at an annualized rate of 6.35%, from $271M in 2017 to $368M in 2022.

In 2020, Germany exported services to Uruguay worth $36.6M, with Other business services ($28.6M), Computer and information services ($6.86M), and Government services, n.i.e. ($1.14M) being the largest in terms of value.

Uruguay-Germany Trade: In 2022, Uruguay exported $298M to Germany. The main products that Uruguay exported to Germany were Sulfate Chemical Woodpulp ($203M), Bovine Meat ($28.4M), and Prepared Wool or Animal Hair ($25.9M). Over the past 5 years the exports of Uruguay to Germany have decreased at an annualized rate of 2.07%,  from $330M in 2017 to $298M in 2022.

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

Comparison: In 2022,  Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T). That same year, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B).

Latest Trends

July, 2024

About

Overview In July 2024, Germany exported €28.4M and imported €30.2M from Uruguay, resulting in a negative trade balance of €1.77M. Between July 2023 and July 2024 the exports of Germany have decreased by €-1.74M (-5.79%) from €30.1M to €28.4M, while imports increased by €5.97M (24.7%) from €24.2M to €30.2M.

Trade In July 2024, the top exports of Germany to Uruguay were Pharmaceutical products (€8.86M), Medical, surgical equipment, orthopaedic apparatus (€1.66M), Motor cars and motor caravans (€1.3M), Machinery for mining, quarrying and construction (€1.2M), and Other machinery (€1.16M). In July 2024 the top imports of Germany from Uruguay were Pulp of fibres containing cellulose (€10M), Meat and meat products (€2.91M), Wool, other animal hair, raw or... (€1.22M), Other food of animal origin (€484k), and Rice and rice products (€171k).

Origins In July 2024 the exports of Germany were mainly from Hesse (€5.05M), North Rhine-Westphalia (€3.47M), Rhineland-Pfalz (€2.83M), Bavaria (€2.75M), and Baden-Württemberg (€2.6M), while imports destinations were mainly Lower Saxony (€7.78M), North Rhine-Westphalia (€5.61M), Hamburg (€4.02M), and Baden-Württemberg (€1.01M).

Growth In July 2024, the decrease in Germany's year-by-year exports to Uruguay was explained primarily by an decrease in product exports in Other articles of iron, iron sheet,... (€-4.55M or -93.2%), Machinery for paper production and printing (€-1.39M or -99%), and Machinery for electricity production, distribution (€-1.21M or -64.8%). In July 2024, the increase in Germany's year-by-year imports  from Uruguay was explained primarily by an increase in product imports  in Measuring and automatical control instruments (€83k or 638%), Unworked precious and semi-precious stones, pearls (€53k or 204%), and Other machinery (€48k or 686%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)€-1.74M(-5.79%)
IMPORT GROWTH (July 2023 - July 2024)€5.97M(24.7%)
MAIN EXPORTER (July 2024)Hesse€5.05M

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

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

For full datasets download visit Bulk Download page.

Explore Uruguay and Germany Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Germany exported $368M to Uruguay. The main products exported from Germany to Uruguay were Vaccines, blood, antisera, toxins and cultures ($43.7M), Packaged Medicaments ($28.8M), and Machinery Having Individual Functions ($17.5M). During the last 5 years the exports of Germany to Uruguay have increased at an annualized rate of 6.35%, from $271M in 2017 to $368M in 2022.

In 2017, Uruguay exported $298M to Germany. The main products exported from Uruguay to Germany were Sulfate Chemical Woodpulp ($203M), Bovine Meat ($28.4M), and Prepared Wool or Animal Hair ($25.9M). During the last 5 years the exports of Uruguay to Germany have decreased at an annualized rate of 2.07%, from $330M in 2022 to $298M in 2017.

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

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

Market Competitiveness

Color
Germany
Top DestinationUnited States$153B
Uruguay
Top DestinationChina$2.89B

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

In 2022, countries that imported more from Germany than Uruguay included United States ($153B), France ($120B), and Netherlands ($109B).

In 2022, countries that imported more from Uruguay than Germany included American Samoa ($71.5k).

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

Comparative Advantage Germany - Uruguay

Flow
Scale

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

During 2022, Germany had a large net trade with Uruguay in the exports of Chemical Products ($122M), Machines ($108M), and Transportation ($34.7M).

During 2017, Uruguay had a large net trade with Germany in the exports of Paper Goods ($203M), Animal Products ($44.2M), and Textiles ($26.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Uruguay+$20.4MCars
Top Product Potential Uruguay Germany+$8.65MBovine Meat

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

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

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