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2022
Flag → Flag
Exports $27.1MRnk 90 / 208
2022
Flag → Flag
Top Product $5.03MPolyacetals
2022
Flag → Flag
Exports $128MRnk 18 / 168
2022
Flag → Flag
Top Product $86.6MFuel Wood
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 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 $24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC$20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH29.3%CURRENT US$
Rnk 65 / 186

About

Portugal-Uruguay Trade: In 2022, Portugal exported $27.1M to Uruguay. The main products that Portugal exported to Uruguay were Polyacetals ($5.03M), Cement Articles ($4.42M), and Iron Railway Products ($1.79M). Over the past 5 years the exports of Portugal to Uruguay have increased at an annualized rate of 16.2%, from $12.8M in 2017 to $27.1M in 2022.

In 2003, Portugal exported services to Uruguay worth $1.81M, with Services not allocated ($1.81M) being the largest in terms of value.

Uruguay-Portugal Trade: In 2022, Uruguay exported $128M to Portugal. The main products that Uruguay exported to Portugal were Fuel Wood ($86.6M), Frozen Bovine Meat ($12.7M), and Rice ($11.6M). Over the past 5 years the exports of Uruguay to Portugal have increased at an annualized rate of 8.99%,  from $83M in 2017 to $128M in 2022.

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

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). 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, Portugal exported €1.53M and imported €10.1M from Uruguay, resulting in a negative trade balance of €8.57M. Between July 2023 and July 2024 the exports of Portugal have decreased by €-962k (-38.7%) from €2.49M to €1.53M, while imports increased by €594k (6.25%) from €9.5M to €10.1M.

Trade In July 2024, the top exports of Portugal to Uruguay were Animal or vegetable fats, oils, &... (€140k), Electrical machinery and electronics (€103k), Ships, boats, & floating structures (€90.1k), Plastics & articles thereof (€76.9k), and Cork & cork articles (€74.8k). In July 2024 the top imports of Portugal from Uruguay were Wood, wood articles, & charcoal (€15.2M), Meat & edible offal (€1.34M), Oils seeds, oleaginous fruits, grains, straw... (€197k), Cereals (€17.9k), and Perfumery & cosmetics (€812).

Growth In July 2024, the decrease in Portugal's year-by-year exports to Uruguay was explained primarily by an decrease in product exports in Stone, plaster, cement, asbestos, mica. (€-513k or -97.8%), Plastics & articles thereof (€-400k or -83.9%), and Iron or steel articles (€-292k or -94.5%). In July 2024, the increase in Portugal's year-by-year imports  from Uruguay was explained primarily by an increase in product imports  in Wood, wood articles, & charcoal (€10.3M or 209%) and Meat & edible offal (€369k or 37.8%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)€-962k(-38.7%)
IMPORT GROWTH (July 2023 - July 2024)€594k(6.25%)

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

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

For full datasets download visit Bulk Download page.

Explore Uruguay and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $27.1M to Uruguay. The main products exported from Portugal to Uruguay were Polyacetals ($5.03M), Cement Articles ($4.42M), and Iron Railway Products ($1.79M). During the last 5 years the exports of Portugal to Uruguay have increased at an annualized rate of 16.2%, from $12.8M in 2017 to $27.1M in 2022.

In 2017, Uruguay exported $128M to Portugal. The main products exported from Uruguay to Portugal were Fuel Wood ($86.6M), Frozen Bovine Meat ($12.7M), and Rice ($11.6M). During the last 5 years the exports of Uruguay to Portugal have increased at an annualized rate of 8.99%, from $83M in 2022 to $128M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Uruguay
Top DestinationChina$2.89B

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

In 2022, countries that imported more from Portugal than Uruguay included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2022, countries that imported more from Uruguay than Portugal included China ($2.89B), Argentina ($999M), and Brazil ($1.69B).

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

Comparative Advantage Portugal - Uruguay

Flow
Scale

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

During 2022, Portugal had a large net trade with Uruguay in the exports of Plastics and Rubbers ($6.21M), Metals ($5.95M), and Stone And Glass ($5.16M).

During 2017, Uruguay had a large net trade with Portugal in the exports of Wood Products ($86.7M), Animal Products ($19.7M), and Vegetable Products ($16.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Uruguay+$463kPackaged Medicaments
Top Product Potential Uruguay Portugal+$2.34MBovine 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 Portugal and Uruguay. This means that a dot/product with the flag of Portugal indicates it has a comparative advantage over Uruguay. Similarly, a dot/product with the flag of Uruguay indicates it has a comparative advantage over Portugal.

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

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