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2023
Flag → Flag
Exports $303MRnk 81 / 220
2023
Flag → Flag
Top Product $17.4MRailway Freight Cars
2023
Flag → Flag
Exports $154MRnk 12 / 166
2023
Flag → Flag
Top Product $39.8MSulfate Chemical Woodpulp
2023
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Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
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Economic Complexity (ECI) ECI 0.22Rnk 52 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
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GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
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 GDP$77.2BCURRENT US$
Rnk 81 / 195
2013-2023
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GDP GROWTH25.9%CURRENT US$
Rnk 122 / 195
2023
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GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
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GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
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GDP PC$22,798CURRENT US$
Rnk 54 / 196
2013-2023
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GDP PC GROWTH24.3%CURRENT US$
Rnk 90 / 195

About

Spain-Uruguay Trade: In 2023, Spain exported $303M to Uruguay. The main products that Spain exported to Uruguay were Railway Freight Cars ($17.4M), Petroleum Coke ($15.6M), and Other Locomotives ($15.4M). Over the past 5 years the exports of Spain to Uruguay have increased at an annualized rate of 12.6%, from $168M in 2018 to $303M in 2023.

In 2009, Spain exported services to Uruguay worth $416M, with Services not allocated ($416M) being the largest in terms of value.

Uruguay-Spain Trade: In 2023, Uruguay exported $154M to Spain. The main products that Uruguay exported to Spain were Sulfate Chemical Woodpulp ($39.8M), Rice ($27.6M), and Bovine Meat ($25.3M). Over the past 5 years the exports of Uruguay to Spain have increased at an annualized rate of 4.3%,  from $124M in 2018 to $154M in 2023.

In 2023, Uruguay did not export any services to Spain.

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, Uruguay ranked 52 in the Economic Complexity Index (ECI 0.22), and 100 in total exports ($11B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €22.8M and imported €8.12M from Uruguay, resulting in a positive trade balance of €14.6M. Between November 2023 and November 2024 the exports of Spain have increased by €1.04M (4.81%) from €21.7M to €22.8M, while imports decreased by €-3.63M (-30.9%) from €11.8M to €8.12M.

Trade In November 2024, the top exports of Spain to Uruguay were Perfumes (€1.77M), Cars (€1.63M), Petroleum Coke (€932k), Electrical Power Accessories (€644k), and Hard Liquor (€620k). In November 2024 the top imports of Spain from Uruguay were Sulfate Chemical Woodpulp (€4.02M), Bovine Meat (€1.75M), Frozen Bovine Meat (€614k), Rice (€602k), and Prepared Wool or Animal Hair (€462k).

Origins In November 2024 the exports of Spain were mainly from Barcelona (€7.97M), Madrid (€2.76M), Vizcaya (€2.73M), Valencia (€1.77M), and Murcia (€682k), while imports destinations were mainly Barcelona (€1.31M), Zaragoza (€585k), and Badajoz (€453k).

Growth In November 2024, the increase in Spain's year-by-year exports to Uruguay was explained primarily by an increase in product exports in Cars (€1.37M or 524%), Perfumes (€647k or 57.8%), and Electrical Control Boards (€452k or 820%). In November 2024, the decrease in Spain's year-by-year imports  from Uruguay was explained primarily by an decrease in product imports  in Plywood (€-612k or -79.7%), Honey (€-293k or -96.1%), and Glands and Other Organs (€-147k or -44.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€1.04M(4.81%)
IMPORT GROWTH (November 2023 - November 2024)€-3.63M(-30.9%)
MAIN EXPORTER (November 2024)Barcelona€7.97M

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

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

For full datasets download visit Bulk Download page.

Explore Uruguay and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $303M to Uruguay. The main products exported from Spain to Uruguay were Railway Freight Cars ($17.4M), Petroleum Coke ($15.6M), and Other Locomotives ($15.4M). During the last 5 years the exports of Spain to Uruguay have increased at an annualized rate of 12.6%, from $168M in 2018 to $303M in 2023.

In 2018, Uruguay exported $154M to Spain. The main products exported from Uruguay to Spain were Sulfate Chemical Woodpulp ($39.8M), Rice ($27.6M), and Bovine Meat ($25.3M). During the last 5 years the exports of Uruguay to Spain have increased at an annualized rate of 4.3%, from $124M in 2023 to $154M in 2018.

Exports from Spain (Flag) to Uruguay (Flag) (2023)

Exports from Uruguay (Flag) to Spain (Flag) (2023)

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Uruguay
Top DestinationChina$2.34B

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

In 2023, countries that imported more from Spain than Uruguay included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

In 2023, countries that imported more from Uruguay than Spain included British Indian Ocean Territory ($22.5k).

Difference in imports from Uruguay (Flag) and Spain (Flag) (2023)

Comparative Advantage Spain - Uruguay

Flow
Scale

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

During 2023, Spain had a large net trade with Uruguay in the exports of Machines ($69.7M), Transportation ($68.5M), and Mineral Products ($30.5M).

During 2018, Uruguay had a large net trade with Spain in the exports of Vegetable Products ($47.7M), Paper Goods ($43.3M), and Animal Products ($38.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Uruguay+$10.5MCars
Top Product Potential Uruguay Spain+$4.6MFrozen Bovine 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 Spain and Uruguay. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over Uruguay. Similarly, a dot/product with the flag of Uruguay indicates it has a comparative advantage over Spain.

Product Space of Spain (Flag) and Uruguay (Flag) (2023)

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