2022
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GDP
$301BCURRENT US$
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2012-2022
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GDP GROWTH
68.2%CURRENT US$
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2022
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 GDP
$71.2BCURRENT US$
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2012-2022
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GDP GROWTH
31.2%CURRENT US$
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2022
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GDP PC 
$15,892CURRENT US$
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2012-2022
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GDP PC GROWTH
77.9%CURRENT US$
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2022
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GDP PC
$20,795CURRENT US$
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2012-2022
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GDP PC GROWTH
29.3%CURRENT US$
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About

Romania-Uruguay Trade: In 2022, Romania exported $15.9M to Uruguay. The main products that Romania exported to Uruguay were Synthetic Filament Yarn Woven Fabric ($4.5M), Plastic Coated Textile Fabric ($4.35M), and Textiles for technical uses ($1.71M). Over the past 5 years the exports of Romania to Uruguay have increased at an annualized rate of 13.3%, from $8.55M in 2017 to $15.9M in 2022.

In 2020, Romania exported services to Uruguay worth $2.51M, with Other business services ($1.37M), Transportation ($685k), and Computer and information services ($457k) being the largest in terms of value.

Uruguay-Romania Trade: In 2022, Uruguay exported $5.62M to Romania. The main products that Uruguay exported to Romania were Glues ($3.34M), Prepared Wool or Animal Hair ($804k), and Glaziers Putty ($770k). Over the past 5 years the exports of Uruguay to Romania have increased at an annualized rate of 8.16%,  from $3.8M in 2017 to $5.62M in 2022.

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

Comparison: In 2022,  Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B). That same year, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Romania exported $15.9M to Uruguay. The main products exported from Romania to Uruguay were Synthetic Filament Yarn Woven Fabric ($4.5M), Plastic Coated Textile Fabric ($4.35M), and Textiles for technical uses ($1.71M). During the last 5 years the exports of Romania to Uruguay have increased at an annualized rate of 13.3%, from $8.55M in 2017 to $15.9M in 2022.

In 2017, Uruguay exported $5.62M to Romania. The main products exported from Uruguay to Romania were Glues ($3.34M), Prepared Wool or Animal Hair ($804k), and Glaziers Putty ($770k). During the last 5 years the exports of Uruguay to Romania have increased at an annualized rate of 8.16%, from $3.8M in 2022 to $5.62M in 2017.

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

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

Latest Data

Trade between Romania (Flag) and Uruguay (Flag)

Romania Exports

Uruguay Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$18.8B
Uruguay
Top Destination
China$2.89B

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

In 2022, countries that imported more from Romania than Uruguay included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

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

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

Comparative Advantage Romania - Uruguay

Flow
Scale

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

During 2022, Romania had a large net trade with Uruguay in the exports of Textiles ($11M), Machines ($1.98M), and Transportation ($840k).

During 2017, Uruguay had a large net trade with Romania in the exports of Chemical Products ($4.11M), Textiles ($805k), and Metals ($268k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania Uruguay+$1.39MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Uruguay Romania+$324kSulfate Chemical Woodpulp

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 Romania and Uruguay. This means that a dot/product with the flag of Romania indicates it has a comparative advantage over Uruguay. Similarly, a dot/product with the flag of Uruguay indicates it has a comparative advantage over Romania.

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

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