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2022
Flag → Flag
Exports $75.2MRnk 24 / 168
2022
Flag → Flag
Top Product $29.5MMalt
2022
Flag → Flag
Exports $82.8MRnk 119 / 222
2022
Flag → Flag
Top Product $10.4MHarvesting Machinery
2022
Flag
Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag  
GDP$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
 GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 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$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

Uruguay-Belgium Trade: In 2022, Uruguay exported $75.2M to Belgium. The main products that Uruguay exported to Belgium were Malt ($29.5M), Rice ($20M), and Horse Meat ($10.4M). Over the past 5 years the exports of Uruguay to Belgium have increased at an annualized rate of 22.2%, from $27.6M in 2017 to $75.2M in 2022.

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

Belgium-Uruguay Trade: In 2022, Belgium exported $82.8M to Uruguay. The main products that Belgium exported to Uruguay were Harvesting Machinery ($10.4M), Vaccines, blood, antisera, toxins and cultures ($9.93M), and Other Frozen Vegetables ($5.76M). Over the past 5 years the exports of Belgium to Uruguay have decreased at an annualized rate of 3.53%,  from $99.1M in 2017 to $82.8M in 2022.

In 2020, Belgium exported services to Uruguay worth $16M, with Transportation ($10.3M), Other business services ($4.57M), and Financial 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, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Uruguay exported $75.2M to Belgium. The main products exported from Uruguay to Belgium were Malt ($29.5M), Rice ($20M), and Horse Meat ($10.4M). During the last 5 years the exports of Uruguay to Belgium have increased at an annualized rate of 22.2%, from $27.6M in 2017 to $75.2M in 2022.

In 2017, Belgium exported $82.8M to Uruguay. The main products exported from Belgium to Uruguay were Harvesting Machinery ($10.4M), Vaccines, blood, antisera, toxins and cultures ($9.93M), and Other Frozen Vegetables ($5.76M). During the last 5 years the exports of Belgium to Uruguay have decreased at an annualized rate of 3.53%, from $99.1M in 2022 to $82.8M in 2017.

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

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

Latest Data

Trade between Uruguay (Flag) and Belgium (Flag)

Uruguay Exports

Belgium Exports

Market Competitiveness

Color
Uruguay
Top DestinationChina$2.89B
Belgium
Top DestinationGermany$91.9B

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

In 2022, countries that imported more from Uruguay than Belgium included Argentina ($999M), Paraguay ($149M), and Venezuela ($65.2M).

In 2022, countries that imported more from Belgium than Uruguay included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

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

Comparative Advantage Uruguay - Belgium

Flow
Scale

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

During 2022, Uruguay had a large net trade with Belgium in the exports of Vegetable Products ($49.9M), Animal Products ($15M), and Wood Products ($5.86M).

During 2017, Belgium had a large net trade with Uruguay in the exports of Chemical Products ($24.2M), Machines ($20.6M), and Foodstuffs ($8.82M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Uruguay Belgium+$1.52MBovine Meat
Top Product Potential Belgium Uruguay+$6.49MVaccines, 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, Belgium exported services to Uruguay worth $16M, with Transportation ($10.3M), Other business services ($4.57M), and Financial services ($1.14M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Belgium (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 Belgium. This means that a dot/product with the flag of Uruguay indicates it has a comparative advantage over Belgium. Similarly, a dot/product with the flag of Belgium indicates it has a comparative advantage over Uruguay.

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

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