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Pricing

2022
Flag → Flag
Exports $143MRnk 97 / 224
2022
Flag → Flag
Top Product $47.8MHard Liquor
2022
Flag → Flag
Exports $115MRnk 20 / 168
2022
Flag → Flag
Top Product $25.6MBovine Meat
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 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 $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC$20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH29.3%CURRENT US$
Rnk 65 / 186

About

United Kingdom-Uruguay Trade: In 2022, United Kingdom exported $143M to Uruguay. The main products that United Kingdom exported to Uruguay were Hard Liquor ($47.8M), Packaged Medicaments ($15.3M), and Tractors ($9.98M). Over the past 5 years the exports of United Kingdom to Uruguay have decreased at an annualized rate of 3.92%, from $175M in 2017 to $143M in 2022.

In 2018, United Kingdom exported services to Uruguay worth $13.3M, with Communications services ($10.6M) and Other business services ($2.72M) being the largest in terms of value.

Uruguay-United Kingdom Trade: In 2022, Uruguay exported $115M to United Kingdom. The main products that Uruguay exported to United Kingdom were Bovine Meat ($25.6M), Rice ($23.4M), and Rapeseed ($21.7M). Over the past 5 years the exports of Uruguay to United Kingdom have increased at an annualized rate of 9.92%,  from $72M in 2017 to $115M in 2022.

In 2022, Uruguay did not export any services to United Kingdom.

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). 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, United Kingdom exported £7.69M and imported £3.26M from Uruguay, resulting in a positive trade balance of £4.43M. Between July 2023 and July 2024 the exports of United Kingdom have decreased by £-5.62M (-42.2%) from £13.3M to £7.69M, while imports decreased by £-6.17M (-65.4%) from £9.44M to £3.26M.

Trade In July 2024, the top exports of United Kingdom to Uruguay were Hard Liquor (£1.68M), Packaged Medicaments (£836k), Motor vehicles; parts and accessories (8701... (£660k), Tractors (£517k), and Stone Processing Machines (£500k). In July 2024 the top imports of United Kingdom from Uruguay were Rapeseed (£21.1M), Rice (£2.57M), Bovine Meat (£1.72M), Sulfate Chemical Woodpulp (£1.35M), and Iron Pipes (£843k).

Origins In July 2024 the exports of United Kingdom were mainly from London (£2.65M), London Gateway (£2.2M), London Heathrow Airport (£2.2M), Grangemouth (£184k), and East Midlands Airport (£139k), while imports destinations were mainly London Gateway (£2.69M), Southampton (£134k), Immingham (£45.6k), and London Stansted Airport (£10.8k).

Growth In July 2024, the decrease in United Kingdom's year-by-year exports to Uruguay was explained primarily by an decrease in product exports in Packaged Medicaments (£-709k or -45.9%), Lifting Machinery (£-531k or -99.3%), and Laboratory Reagents (£-165k or -65.8%). In July 2024, the decrease in United Kingdom's year-by-year imports  from Uruguay was explained primarily by an decrease in product imports  in Plywood (£-370k or -58.1%), Frozen Bovine Meat (£-23.8k or -5.24%), and Chemical Analysis Instruments (£-7.53k or -47.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)£-5.62M(-42.2%)
IMPORT GROWTH (July 2023 - July 2024)£-6.17M(-65.4%)
MAIN EXPORTER (July 2024)London£2.65M

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

To check Uruguay and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Uruguay and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $143M to Uruguay. The main products exported from United Kingdom to Uruguay were Hard Liquor ($47.8M), Packaged Medicaments ($15.3M), and Tractors ($9.98M). During the last 5 years the exports of United Kingdom to Uruguay have decreased at an annualized rate of 3.92%, from $175M in 2017 to $143M in 2022.

In 2017, Uruguay exported $115M to United Kingdom. The main products exported from Uruguay to United Kingdom were Bovine Meat ($25.6M), Rice ($23.4M), and Rapeseed ($21.7M). During the last 5 years the exports of Uruguay to United Kingdom have increased at an annualized rate of 9.92%, from $72M in 2022 to $115M in 2017.

Exports from United Kingdom (Flag) to Uruguay (Flag) (2022)

Exports from Uruguay (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Uruguay
Top DestinationChina$2.89B

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

In 2022, countries that imported more from United Kingdom than Uruguay included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2022, countries that imported more from Uruguay than United Kingdom included Argentina ($999M), Paraguay ($149M), and Cuba ($56.8M).

Difference in imports from Uruguay (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Uruguay

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Uruguay in the exports of Foodstuffs ($49.9M), Chemical Products ($30.9M), and Machines ($26.2M).

During 2017, Uruguay had a large net trade with United Kingdom in the exports of Vegetable Products ($46.1M), Animal Products ($32.4M), and Wood Products ($11.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Uruguay+$9.86MPackaged Medicaments
Top Product Potential Uruguay United Kingdom+$6.1MSulfate Chemical Woodpulp

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

Product Space of United Kingdom (Flag) and Uruguay (Flag) (2022)

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