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Pricing

2022
Flag → Flag
Exports $70.9MRnk 124 / 211
2022
Flag → Flag
Top Product $14.9MCars
2022
Flag → Flag
Exports $68.9MRnk 27 / 168
2022
Flag → Flag
Top Product $31.7MBovine Meat
2022
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 133
2022
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Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
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GDP$4.23TCURRENT US$
Rnk 3 / 186
2012-2022
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GDP GROWTH-32.5%CURRENT US$
Rnk 182 / 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 $33,815CURRENT US$
Rnk 32 / 186
2012-2022
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GDP PC GROWTH-31.2%CURRENT US$
Rnk 178 / 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

Japan-Uruguay Trade: In 2022, Japan exported $70.9M to Uruguay. The main products that Japan exported to Uruguay were Cars ($14.9M), Chemical Analysis Instruments ($4.76M), and Synthetic Rubber ($3.82M). Over the past 5 years the exports of Japan to Uruguay have decreased at an annualized rate of 0.029%, from $71M in 2017 to $70.9M in 2022.

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

Uruguay-Japan Trade: In 2022, Uruguay exported $68.9M to Japan. The main products that Uruguay exported to Japan were Bovine Meat ($31.7M), Frozen Bovine Meat ($15.3M), and Horse Meat ($6.5M). Over the past 5 years the exports of Uruguay to Japan have increased at an annualized rate of 8.48%,  from $45.8M in 2017 to $68.9M in 2022.

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

Comparison: In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B). That same year, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B).

Latest Trends

August, 2024

About

Overview In August 2024, Japan exported ¥721M and imported ¥1.28B from Uruguay, resulting in a negative trade balance of ¥562M. Between August 2023 and August 2024 the exports of Japan have decreased by ¥-17.8M (-2.41%) from ¥739M to ¥721M, while imports increased by ¥349M (37.3%) from ¥934M to ¥1.28B.

Trade In August 2024, the top exports of Japan to Uruguay were Cars (¥249M), Chemical Analysis Instruments (¥116M), Commodities not elsewhere specified (¥66.4M), Synthetic Rubber (¥63.6M), and Industrial Printers (¥51.6M). In August 2024 the top imports of Japan from Uruguay were Bovine Meat (¥471M), Frozen Bovine Meat (¥135M), Edible Offal (¥127M), Horse Meat (¥92.6M), and Wool Grease (¥24.1M).

Origins In August 2024 the exports of Japan were mainly from Kanagawa (¥307M), Kyoto (¥131M), Aichi (¥75.7M), Shizuoka (¥56.7M), and Mie (¥48.6M), while imports destinations were mainly Tokyo (¥807M), Osaka (¥175M), Hokkaido (¥147M), Kanagawa (¥121M), and Shizuoka (¥22M).

Growth In August 2024, the decrease in Japan's year-by-year exports to Uruguay was explained primarily by an decrease in product exports in Drafting Tools (¥-20.2M or -73%), Gaskets (¥-12.9M or -95.8%), and Industrial Printers (¥-11.6M or -18.3%). In August 2024, the increase in Japan's year-by-year imports  from Uruguay was explained primarily by an increase in product imports  in Bovine Meat (¥147M or 45.3%), Edible Offal (¥109M or 600%), and Horse Meat (¥85.2M or 1.15k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)¥-17.8M(-2.41%)
IMPORT GROWTH (August 2023 - August 2024)¥349M(37.3%)
MAIN EXPORTER (August 2024)Kanagawa¥307M

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

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

For full datasets download visit Bulk Download page.

Explore Uruguay and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Japan exported $70.9M to Uruguay. The main products exported from Japan to Uruguay were Cars ($14.9M), Chemical Analysis Instruments ($4.76M), and Synthetic Rubber ($3.82M). During the last 5 years the exports of Japan to Uruguay have decreased at an annualized rate of 0.029%, from $71M in 2017 to $70.9M in 2022.

In 2017, Uruguay exported $68.9M to Japan. The main products exported from Uruguay to Japan were Bovine Meat ($31.7M), Frozen Bovine Meat ($15.3M), and Horse Meat ($6.5M). During the last 5 years the exports of Uruguay to Japan have increased at an annualized rate of 8.48%, from $45.8M in 2022 to $68.9M in 2017.

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

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

Market Competitiveness

Color
Japan
Top DestinationUnited States$137B
Uruguay
Top DestinationChina$2.89B

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

In 2022, countries that imported more from Japan than Uruguay included United States ($137B), China ($135B), and South Korea ($50.8B).

In 2022, countries that imported more from Uruguay than Japan included Cuba ($56.8M), Venezuela ($65.2M), and Algeria ($229M).

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

Comparative Advantage Japan - Uruguay

Flow
Scale

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

During 2022, Japan had a large net trade with Uruguay in the exports of Machines ($21.7M), Transportation ($17.6M), and Plastics and Rubbers ($10M).

During 2017, Uruguay had a large net trade with Japan in the exports of Animal Products ($60M), Foodstuffs ($3.22M), and Textiles ($2.11M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Uruguay+$16MCars
Top Product Potential Uruguay Japan+$13.2MFrozen 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 Japan and Uruguay. This means that a dot/product with the flag of Japan indicates it has a comparative advantage over Uruguay. Similarly, a dot/product with the flag of Uruguay indicates it has a comparative advantage over Japan.

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

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