Uruguay / Germany

Uruguay-Germany Trade: In 2022, Uruguay exported $298M to Germany. The main products that Uruguay exported to Germany were Sulfate Chemical Woodpulp ($203M), Bovine Meat ($28.4M), and Prepared Wool or Animal Hair ($25.9M). Over the past 5 years the exports of Uruguay to Germany have decreased at an annualized rate of 2.07%, from $330M in 2017 to $298M in 2022.

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

Germany-Uruguay Trade: In 2022, Germany exported $368M to Uruguay. The main products that Germany exported to Uruguay were Vaccines, blood, antisera, toxins and cultures ($43.7M), Packaged Medicaments ($28.8M), and Machinery Having Individual Functions ($17.5M). Over the past 5 years the exports of Germany to Uruguay have increased at an annualized rate of 6.35%,  from $271M in 2017 to $368M in 2022.

In 2020, Germany exported services to Uruguay worth $36.6M, with Other business services ($28.6M), Computer and information services ($6.86M), and Government services, n.i.e. ($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, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).