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2022
Flag → Flag
Exports $115MRnk 20 / 168
2022
Flag → Flag
Top Product $25.6MBovine Meat
2022
Flag → Flag
Exports $143MRnk 97 / 224
2022
Flag → Flag
Top Product $47.8MHard Liquor
2022
Flag
Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 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$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Uruguay-United Kingdom Trade: In 2022, Uruguay exported $115M to United Kingdom. The main products that Uruguay exported to United Kingdom were Bovine Meat ($25.6M), Rice ($23.4M), and Rapeseed ($21.7M). Over the past 5 years the exports of Uruguay to United Kingdom have increased at an annualized rate of 9.92%, from $72M in 2017 to $115M in 2022.

In 2022, Uruguay did not export any services to United Kingdom.

United Kingdom-Uruguay Trade: In 2022, United Kingdom exported $143M to Uruguay. The main products that United Kingdom exported to Uruguay were Hard Liquor ($47.8M), Packaged Medicaments ($15.3M), and Tractors ($9.98M). Over the past 5 years the exports of United Kingdom to Uruguay have decreased at an annualized rate of 3.92%,  from $175M in 2017 to $143M in 2022.

In 2018, United Kingdom exported services to Uruguay worth $13.3M, with Communications services ($10.6M) and Other business services ($2.72M) 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Uruguay exported $115M to United Kingdom. The main products exported from Uruguay to United Kingdom were Bovine Meat ($25.6M), Rice ($23.4M), and Rapeseed ($21.7M). During the last 5 years the exports of Uruguay to United Kingdom have increased at an annualized rate of 9.92%, from $72M in 2017 to $115M in 2022.

In 2017, United Kingdom exported $143M to Uruguay. The main products exported from United Kingdom to Uruguay were Hard Liquor ($47.8M), Packaged Medicaments ($15.3M), and Tractors ($9.98M). During the last 5 years the exports of United Kingdom to Uruguay have decreased at an annualized rate of 3.92%, from $175M in 2022 to $143M in 2017.

Exports from Uruguay (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Uruguay (Flag) (2022)

Latest Data

Trade between Uruguay (Flag) and United Kingdom (Flag)

Uruguay Exports

United Kingdom Exports

Market Competitiveness

Color
Uruguay
Top DestinationChina$2.89B
United Kingdom
Top DestinationUnited States$61.8B

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

In 2022, countries that imported more from Uruguay than United Kingdom included Argentina ($999M), Paraguay ($149M), and Cuba ($56.8M).

In 2022, countries that imported more from United Kingdom than Uruguay included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

Difference in imports from United Kingdom (Flag) and Uruguay (Flag) (2022)

Comparative Advantage Uruguay - United Kingdom

Flow
Scale

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

During 2022, Uruguay had a large net trade with United Kingdom in the exports of Vegetable Products ($46.1M), Animal Products ($32.4M), and Wood Products ($11.9M).

During 2017, United Kingdom had a large net trade with Uruguay in the exports of Foodstuffs ($49.9M), Chemical Products ($30.9M), and Machines ($26.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Uruguay United Kingdom+$6.1MSulfate Chemical Woodpulp
Top Product Potential United Kingdom Uruguay+$9.86MPackaged 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

In 2018, United Kingdom exported services to Uruguay worth $13.3M, with Communications services ($10.6M) and Other business services ($2.72M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom (Flag) to Uruguay (Flag) (2018)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Uruguay (Flag) and United Kingdom (Flag) (2022)

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