Uruguay (URY) and Canada (CAN) Trade | The Observatory of Economic Complexity

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Uruguay-Canada Trade: In 2022, Uruguay exported $63M to Canada. The main products that Uruguay exported to Canada were Frozen Bovine Meat ($46.7M), Sheep and Goat Meat ($4.66M), and Sawn Wood ($3.41M). Over the past 5 years the exports of Uruguay to Canada have increased at an annualized rate of 5.24%, from $48.8M in 2017 to $63M in 2022.

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

Canada-Uruguay Trade: In 2022, Canada exported $120M to Uruguay. The main products that Canada exported to Uruguay were Potassic Fertilizers ($68.3M), Other Agricultural Machinery ($8.69M), and Harvesting Machinery ($7.68M). Over the past 5 years the exports of Canada to Uruguay have increased at an annualized rate of 3.91%, from $73M in 2017 to $120M in 2022.

In 2020, Canada exported services to Uruguay worth $746k, with Communications services ($746k) 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, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Uruguay exported $63M to Canada. The main products exported from Uruguay to Canada were Frozen Bovine Meat ($46.7M), Sheep and Goat Meat ($4.66M), and Sawn Wood ($3.41M). During the last 5 years the exports of Uruguay to Canada have increased at an annualized rate of 5.24%, from $48.8M in 2017 to $63M in 2022.

In 2017, Canada exported $120M to Uruguay. The main products exported from Canada to Uruguay were Potassic Fertilizers ($68.3M), Other Agricultural Machinery ($8.69M), and Harvesting Machinery ($7.68M). During the last 5 years the exports of Canada to Uruguay have increased at an annualized rate of 3.91%, from $73M in 2022 to $120M in 2017.

Exports from Uruguay () to Canada () (2022)

Exports from Canada () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Canada ()

Uruguay Exports

Date

Canada Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.89B

Canada
Top DestinationUnited States$438B

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

In 2022, countries that imported more from Uruguay than Canada included Argentina ($999M), Paraguay ($149M), and Bolivia ($60.9M).

In 2022, countries that imported more from Canada than Uruguay included United States ($438B), China ($25.4B), and Japan ($14.3B).

Difference in imports from Canada () and Uruguay () (2022)

Comparative Advantage Uruguay - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Uruguay had a large net trade with Canada in the exports of Animal Products ($52.1M), Wood Products ($4.65M), and Vegetable Products ($2.34M).

During 2017, Canada had a large net trade with Uruguay in the exports of Chemical Products ($77.8M), Machines ($27.2M), and Transportation ($5.63M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uruguay Canada+$1.83MSawn Wood

Top Product Potential Canada Uruguay+$5.14MPackaged Medicaments

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

Can Year

In 2020, Canada exported services to Uruguay worth $746k, with Communications services ($746k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada () to Uruguay () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Uruguay () to Canada () (2022)

Exports from Canada () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Canada ()

Uruguay Exports

Canada Exports

Market Competitiveness

Difference in imports from Canada () and Uruguay () (2022)

Comparative Advantage Uruguay - Canada

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Canada () to Uruguay () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Uruguay () and Canada () (2022)

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