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2022
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Exports $271MRnk 96 / 221
2022
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Top Product $59MPackaged Medicaments
2022
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Exports $444MRnk 6 / 168
2022
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Top Product $346MSulfate Chemical Woodpulp
2022
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Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
2022
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Economic Complexity (ECI) ECI 0.12Rnk 55 / 124
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 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 $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 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

Italy-Uruguay In 2022, Italy exported $271M to Uruguay. The main products that Italy exported to Uruguay are Packaged Medicaments ($59M), Vaccines, blood, antisera, toxins and cultures ($20.1M), and Machinery Having Individual Functions ($7.14M). During the last 27 years the exports of Italy to Uruguay have increased at an annualized rate of 0.86%, from $215M in 1995 to $271M in 2022.

In 2020, Italy exported services to Uruguay worth $12.2M, with Travel ($5.94M), Other business services ($3.08M), and Transportation ($1.6M) being the largest in terms of value.

Uruguay-Italy In 2022, Uruguay exported $444M to Italy. The main products that Uruguay exported to Italy were Sulfate Chemical Woodpulp ($346M), Frozen Bovine Meat ($26.6M), and Prepared Wool or Animal Hair ($24M). During the last 27 years the exports of Uruguay to Italy have increased at an annualized rate of 6.36%, from $84M in 1995 to $444M in 2022.

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

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B). That same year, Uruguay ranked 55 in the Economic Complexity Index (ECI 0.12), and 98 in total exports ($12B).

Latest Trends

December, 2023

About

Overview In December 2023, Italy exported €17.7M and imported €17M from Uruguay, resulting in a positive trade balance of €615k. Between December 2022 and December 2023 the exports of Italy have increased by €3.73M (26.8%) from €13.9M to €17.7M, while imports decreased by €-13.8M (-44.8%) from €30.9M to €17M.

Trade In December 2023, the top exports of Italy to Uruguay were Packaged Medicaments (€7.39M), Vaccines, blood, antisera, toxins and cultures (€2.52M), Vegetable Alkaloids (€102k), Special Pharmaceuticals (€12.8k), and Bandages (€7.8k). In December 2023 the top imports of Italy from Uruguay were Sulfate Chemical Woodpulp (€22.4M), Bovine Meat (€4.31M), Prepared Wool or Animal Hair (€2.38M), Frozen Bovine Meat (€739k), and Wool (€562k).

Growth In December 2023, the increase in Italy's year-by-year exports to Uruguay was explained primarily by an increase in product exports in Vaccines, blood, antisera, toxins and cultures (€1.63M or 183%) and Packaged Medicaments (€1.18M or 18.9%). In December 2023, the decrease in Italy's year-by-year imports  from Uruguay was explained primarily by an decrease in product imports  in Sulfate Chemical Woodpulp (€-3.09M or -12.1%), Prepared Wool or Animal Hair (€-646k or -21.3%), and Frozen Bovine Meat (€-231k or -23.8%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€3.73M(26.8%)
IMPORT GROWTH (December 2022 - December 2023)€-13.8M(-44.8%)

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $271M to Uruguay. The main products exported from Italy to Uruguay were Packaged Medicaments ($59M), Vaccines, blood, antisera, toxins and cultures ($20.1M), and Machinery Having Individual Functions ($7.14M). During the last 27 years the exports of Italy to Uruguay have increased at an annualized rate of 0.86%, from $215M in 1995 to $271M in 2022.

In 2022, Uruguay exported $444M to Italy. The main products exported from Uruguay to Italy were Sulfate Chemical Woodpulp ($346M), Frozen Bovine Meat ($26.6M), and Prepared Wool or Animal Hair ($24M). During the last 27 years the exports of Uruguay to Italy have increased at an annualized rate of 6.36%, from $84M in 1995 to $444M in 2022.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Uruguay
Top DestinationChina$2.89B

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

In 2021, countries that imported more from Italy than Uruguay were Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2021, countries that imported more from Uruguay than Italy were Paraguay ($149M).

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

Comparative Advantage Italy - Uruguay

Flow
Scale

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

During 2022, Italy had a large net trade with Uruguay in the exports of Chemical Products ($97.2M), Machines ($72.9M), and Plastics and Rubbers ($13.5M).

During 2022, Uruguay had a large net trade with Italy in the exports of Paper Goods ($346M), Animal Products ($49.5M), and Textiles ($30M).

Service Trade

Bilateral Service Trade

In 2020, Italy exported services to Uruguay worth $12.2M, with Travel ($5.94M), Other business services ($3.08M), and Transportation ($1.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Italy (Flag) to Uruguay (Flag) (2020)

Economic Complexity

Competitive Landscape

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 Italy has comparative advantage over Uruguay. Similarly, the more yellow a dot/product is, the more Uruguay has comparative advantage over Italy.

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

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