2022
Flag  
GDP
$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH
31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
 GDP
$471BCURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP GROWTH
15.1%CURRENT US$
Rnk 137 / 186
2022
Flag
GDP PC 
$20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH
29.3%CURRENT US$
Rnk 65 / 186
2022
Flag
GDP PC
$52,131CURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP PC GROWTH
7.34%CURRENT US$
Rnk 124 / 186

About

Uruguay-Austria Trade: In 2022, Uruguay exported $28.7M to Austria. The main products that Uruguay exported to Austria were Sulfate Chemical Woodpulp ($26.8M), Prepared Wool or Animal Hair ($1.2M), and Dissolving Grades Chemical Woodpulp ($157k). Over the past 5 years the exports of Uruguay to Austria have decreased at an annualized rate of 18.2%, from $78.3M in 2017 to $28.7M in 2022.

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

Austria-Uruguay Trade: In 2022, Austria exported $45.8M to Uruguay. The main products that Austria exported to Uruguay were Electric Generating Sets ($7.17M), Vaccines, blood, antisera, toxins and cultures ($3.45M), and Lifting Machinery ($3.41M). Over the past 5 years the exports of Austria to Uruguay have increased at an annualized rate of 13.7%,  from $24.1M in 2017 to $45.8M in 2022.

In 2020, Austria exported services to Uruguay worth $1.14M, with Other business services ($1.14M) being the largest in terms of value.

Comparison: In 2022,  Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Uruguay exported $28.7M to Austria. The main products exported from Uruguay to Austria were Sulfate Chemical Woodpulp ($26.8M), Prepared Wool or Animal Hair ($1.2M), and Dissolving Grades Chemical Woodpulp ($157k). During the last 5 years the exports of Uruguay to Austria have decreased at an annualized rate of 18.2%, from $78.3M in 2017 to $28.7M in 2022.

In 2017, Austria exported $45.8M to Uruguay. The main products exported from Austria to Uruguay were Electric Generating Sets ($7.17M), Vaccines, blood, antisera, toxins and cultures ($3.45M), and Lifting Machinery ($3.41M). During the last 5 years the exports of Austria to Uruguay have increased at an annualized rate of 13.7%, from $24.1M in 2022 to $45.8M in 2017.

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

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

Latest Data

Trade between Uruguay (Flag) and Austria (Flag)

Uruguay Exports

Austria Exports

Market Competitiveness

Color
Uruguay
Top Destination
China$2.89B
Austria
Top Destination
Germany$57.7B

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

In 2022, countries that imported more from Uruguay than Austria included Argentina ($999M), Brazil ($1.69B), and Paraguay ($149M).

In 2022, countries that imported more from Austria than Uruguay included Germany ($57.7B), United States ($14.4B), and Italy ($13.6B).

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

Comparative Advantage Uruguay - Austria

Flow
Scale

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

During 2022, Uruguay had a large net trade with Austria in the exports of Paper Goods ($27M), Textiles ($1.2M), and Animal Products ($298k).

During 2017, Austria had a large net trade with Uruguay in the exports of Machines ($21.1M), Chemical Products ($6.29M), and Transportation ($5.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Uruguay Austria+$107kLeather of Other Animals
Top Product Potential Austria Uruguay+$2.55MVaccines, blood, antisera, toxins and cultures

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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Bilateral Service Trade

In 2020, Austria exported services to Uruguay worth $1.14M, with Other business services ($1.14M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Austria (Flag) to Uruguay (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Uruguay and Austria. This means that a dot/product with the flag of Uruguay indicates it has a comparative advantage over Austria. Similarly, a dot/product with the flag of Austria indicates it has a comparative advantage over Uruguay.

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

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