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2022
Flag → Flag
Exports $271MRnk 96 / 221
2022
Flag → Flag
Top Product $59MPackaged Medicaments
2022
Flag → Flag
Exports $444MRnk 6 / 168
2022
Flag → Flag
Top Product $346MSulfate Chemical Woodpulp
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
Flag  
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
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC$20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH29.3%CURRENT US$
Rnk 65 / 186

About

Italy-Uruguay Trade: In 2022, Italy exported $271M to Uruguay. The main products that Italy exported to Uruguay were Packaged Medicaments ($59M), Vaccines, blood, antisera, toxins and cultures ($20.1M), and Machinery Having Individual Functions ($7.14M). Over the past 5 years the exports of Italy to Uruguay have increased at an annualized rate of 4.41%, from $219M in 2017 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 Trade: 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). Over the past 5 years the exports of Uruguay to Italy have increased at an annualized rate of 9.67%,  from $280M in 2017 to $444M in 2022.

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

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B).

Latest Trends

June, 2024

About

Overview In June 2024, Italy exported €17.6M and imported €23.7M from Uruguay, resulting in a negative trade balance of €6.09M. Between June 2023 and June 2024 the exports of Italy have decreased by €-6.46M (-26.8%) from €24.1M to €17.6M, while imports decreased by €-14.8M (-38.4%) from €38.5M to €23.7M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)€-6.46M(-26.8%)
IMPORT GROWTH (June 2023 - June 2024)€-14.8M(-38.4%)

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.

Explore Uruguay and Italy Data

Go to Bulk Download

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 5 years the exports of Italy to Uruguay have increased at an annualized rate of 4.41%, from $219M in 2017 to $271M in 2022.

In 2017, 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 5 years the exports of Uruguay to Italy have increased at an annualized rate of 9.67%, from $280M in 2022 to $444M in 2017.

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 2022, countries that imported more from Italy than Uruguay included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, countries that imported more from Uruguay than Italy included 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 2017, Uruguay had a large net trade with Italy in the exports of Paper Goods ($346M), Animal Products ($49.5M), and Textiles ($30M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Uruguay+$5.34MVaccines, blood, antisera, toxins and cultures
Top Product Potential Uruguay Italy+$7.48MBovine 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 Italy and Uruguay. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Uruguay. Similarly, a dot/product with the flag of Uruguay indicates it has a comparative advantage over Italy.

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

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