India (IND) and Uruguay (URY) Trade | The Observatory of Economic Complexity

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India-Uruguay In 2022, India exported $259M to Uruguay. The main products that India exported to Uruguay are Refined Petroleum ($82.1M), Cars ($27.3M), and Tractors ($8.76M). During the last 27 years the exports of India to Uruguay have increased at an annualized rate of 10.5%, from $17.6M in 1995 to $259M in 2022.

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

Uruguay-India In 2022, Uruguay exported $108M to India. The main products that Uruguay exported to India were Rough Wood ($75.8M), Excavation Machinery ($7.14M), and Wool ($6.33M). During the last 27 years the exports of Uruguay to India have increased at an annualized rate of 10.8%, from $6.82M in 1995 to $108M in 2022.

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

Comparison In 2022, India ranked 42 in the Economic Complexity Index (ECI 0.57), and 15 in total exports ($468B). That same year, Uruguay ranked 55 in the Economic Complexity Index (ECI 0.12), and 98 in total exports ($12B).

Latest Trends

January, 2024

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Overview In January 2024, India exported $122M and imported $6.34M from Uruguay, resulting in a positive trade balance of $116M. Between January 2023 and January 2024 the exports of India have increased by $114M (1.48k%) from $7.71M to $122M, while imports increased by $326k (5.42%) from $6.01M to $6.34M.

Trade In January 2024, the top exports of India to Uruguay were Indl. Machnry For Dairy Etc ($921k), Electric Machinery And Equipme ($859k), Organic Chemicals ($554k), Manmade Yarn,Fabrics,Madeups ($422k), and Rmg Cotton Incl Accessories ($415k). In January 2024 the top imports of India from Uruguay were Other Wood And Wood Products ($5.64M), Wollen Yarn,Fabrics,Madeupsetc ($215k), Lead And Products Made Of Led ($103k), Wool, Raw ($46.9k), and Pearl, Precs, Semiprecs Stones ($5.11k).

Growth In January 2024, the increase in India's year-by-year exports to Uruguay was explained primarily by an increase in product exports in Organic Chemicals ($440k or 387%), Other Commodities ($299k or 812%), and Other Construction Machinery ($293k or 693%). In January 2024, the increase in India's year-by-year imports from Uruguay was explained primarily by an increase in product imports in Lead And Products Made Of Led ($45.3k or 78%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$114M(1.48k%)

IMPORT GROWTH (January 2023 - January 2024)$326k(5.42%)

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, India exported $259M to Uruguay. The main products exported from India to Uruguay were Refined Petroleum ($82.1M), Cars ($27.3M), and Tractors ($8.76M). During the last 27 years the exports of India to Uruguay have increased at an annualized rate of 10.5%, from $17.6M in 1995 to $259M in 2022.

In 2022, Uruguay exported $108M to India. The main products exported from Uruguay to India were Rough Wood ($75.8M), Excavation Machinery ($7.14M), and Wool ($6.33M). During the last 27 years the exports of Uruguay to India have increased at an annualized rate of 10.8%, from $6.82M in 1995 to $108M in 2022.

Exports from India () to Uruguay () (2022)

Exports from Uruguay () to India () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

Uruguay
Top DestinationChina$2.89B

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

In 2021, countries that imported more from India than Uruguay were United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2021, countries that imported more from Uruguay than India were Cuba ($56.8M) and French Polynesia ($21.8M).

Difference in imports from Uruguay () and India () (2022)

Comparative Advantage India - Uruguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, India had a large net trade with Uruguay in the exports of Mineral Products ($82.2M), Chemical Products ($43.8M), and Transportation ($41.3M).

During 2022, Uruguay had a large net trade with India in the exports of Wood Products ($75.8M), Machines ($7.28M), and Textiles ($7.2M).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more India has comparative advantage over Uruguay. Similarly, the more yellow a dot/product is, the more Uruguay has comparative advantage over India.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from India () to Uruguay () (2022)

Exports from Uruguay () to India () (2022)

Market Competitiveness

Difference in imports from Uruguay () and India () (2022)

Comparative Advantage India - Uruguay

Economic Complexity

Competitive Landscape

Product Space of India () and Uruguay () (2022)

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