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2022
Flag → Flag
Exports $999MRnk 3 / 168
2022
Flag → Flag
Top Product $256MSoybeans
2022
Flag → Flag
Exports $1.53BRnk 14 / 168
2022
Flag → Flag
Top Product $144MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.064Rnk 61 / 133
2022
Flag  
GDP$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
 GDP$633BCURRENT US$
Rnk 22 / 186
2012-2022
Flag
GDP GROWTH15.9%CURRENT US$
Rnk 134 / 186
2022
Flag
GDP PC $20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH29.3%CURRENT US$
Rnk 65 / 186
2022
Flag
GDP PC$13,686CURRENT US$
Rnk 65 / 186
2012-2022
Flag
GDP PC GROWTH4.61%CURRENT US$
Rnk 129 / 186

About

Uruguay-Argentina Trade: In 2022, Uruguay exported $999M to Argentina. The main products that Uruguay exported to Argentina were Soybeans ($256M), Electricity ($157M), and Sulfate Chemical Woodpulp ($83M). Over the past 5 years the exports of Uruguay to Argentina have increased at an annualized rate of 17.6%, from $444M in 2017 to $999M in 2022.

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

Argentina-Uruguay Trade: In 2022, Argentina exported $1.53B to Uruguay. The main products that Argentina exported to Uruguay were Packaged Medicaments ($144M), Petroleum Gas ($80.3M), and Processed Cereals ($71M). Over the past 5 years the exports of Argentina to Uruguay have increased at an annualized rate of 4.96%,  from $1.2B in 2017 to $1.53B in 2022.

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

Comparison: In 2022,  Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B). That same year, Argentina ranked 61 in the Economic Complexity Index (ECI 0.064), and 47 in total exports ($87.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Uruguay exported $999M to Argentina. The main products exported from Uruguay to Argentina were Soybeans ($256M), Electricity ($157M), and Sulfate Chemical Woodpulp ($83M). During the last 5 years the exports of Uruguay to Argentina have increased at an annualized rate of 17.6%, from $444M in 2017 to $999M in 2022.

In 2017, Argentina exported $1.53B to Uruguay. The main products exported from Argentina to Uruguay were Packaged Medicaments ($144M), Petroleum Gas ($80.3M), and Processed Cereals ($71M). During the last 5 years the exports of Argentina to Uruguay have increased at an annualized rate of 4.96%, from $1.2B in 2022 to $1.53B in 2017.

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

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

Latest Data

Trade between Uruguay (Flag) and Argentina (Flag)

Uruguay Exports

Argentina Exports

Market Competitiveness

Color
Uruguay
Top DestinationChina$2.89B
Argentina
Top DestinationBrazil$12.6B

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

In 2022, countries that imported more from Uruguay than Argentina included Finland ($36.1M), French Polynesia ($21.8M), and Sierra Leone ($13.4M).

In 2022, countries that imported more from Argentina than Uruguay included Brazil ($12.6B), United States ($6.99B), and China ($8B).

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

Comparative Advantage Uruguay - Argentina

Flow
Scale

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

During 2022, Uruguay had a large net trade with Argentina in the exports of Vegetable Products ($263M), Mineral Products ($158M), and Transportation ($99.7M).

During 2017, Argentina had a large net trade with Uruguay in the exports of Chemical Products ($390M), Foodstuffs ($297M), and Mineral Products ($143M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Uruguay Argentina+$9.17MDelivery Trucks
Top Product Potential Argentina Uruguay+$31.4MCrude Petroleum

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

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

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