Uruguay (URY) and China (CHN) Trade | The Observatory of Economic Complexity

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Uruguay-China Trade: In 2022, Uruguay exported $2.89B to China. The main products that Uruguay exported to China were Frozen Bovine Meat ($1.48B), Sulfate Chemical Woodpulp ($485M), and Soybeans ($324M). Over the past 5 years the exports of Uruguay to China have increased at an annualized rate of 7.53%, from $2.01B in 2017 to $2.89B in 2022.

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

China-Uruguay Trade: In 2022, China exported $2.63B to Uruguay. The main products that China exported to Uruguay were Broadcasting Equipment ($217M), Pesticides ($156M), and Computers ($81.8M). Over the past 5 years the exports of China to Uruguay have increased at an annualized rate of 4.99%, from $1.96B in 2017 to $2.63B in 2022.

In 2022, China 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, China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Uruguay exported $2.89B to China. The main products exported from Uruguay to China were Frozen Bovine Meat ($1.48B), Sulfate Chemical Woodpulp ($485M), and Soybeans ($324M). During the last 5 years the exports of Uruguay to China have increased at an annualized rate of 7.53%, from $2.01B in 2017 to $2.89B in 2022.

In 2017, China exported $2.63B to Uruguay. The main products exported from China to Uruguay were Broadcasting Equipment ($217M), Pesticides ($156M), and Computers ($81.8M). During the last 5 years the exports of China to Uruguay have increased at an annualized rate of 4.99%, from $1.96B in 2022 to $2.63B in 2017.

Exports from Uruguay () to China () (2022)

Exports from China () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and China ()

Uruguay Exports

Date

China Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.89B

China
Top DestinationUnited States$551B

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

In 2022, countries that imported more from Uruguay than China included American Samoa ($71.5k) and Saint Martin ($36.9k).

In 2022, countries that imported more from China than Uruguay included United States ($551B), Hong Kong ($276B), and Japan ($178B).

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

Comparative Advantage Uruguay - China

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Uruguay had a large net trade with China in the exports of Animal Products ($1.84B), Paper Goods ($485M), and Vegetable Products ($337M).

During 2017, China had a large net trade with Uruguay in the exports of Machines ($892M), Chemical Products ($434M), and Transportation ($256M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uruguay China+$128MSoybeans

Top Product Potential China Uruguay+$54MTelephones

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Uruguay () to China () (2022)

Exports from China () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and China ()

Uruguay Exports

China Exports

Market Competitiveness

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

Comparative Advantage Uruguay - China

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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