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2022
Flag → Flag
Exports $108MRnk 21 / 168
2022
Flag → Flag
Top Product $75.8MRough Wood
2022
Flag → Flag
Exports $259MRnk 114 / 217
2022
Flag → Flag
Top Product $82.1MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag  
GDP$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
 GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 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$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186

About

Uruguay-India Trade: In 2022, Uruguay exported $108M to India. The main products that Uruguay exported to India were Rough Wood ($75.8M), Excavation Machinery ($7.14M), and Wool ($6.33M). Over the past 5 years the exports of Uruguay to India have increased at an annualized rate of 45.6%, from $16.6M in 2017 to $108M in 2022.

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

India-Uruguay Trade: In 2022, India exported $259M to Uruguay. The main products that India exported to Uruguay were Refined Petroleum ($82.1M), Cars ($27.3M), and Tractors ($8.76M). Over the past 5 years the exports of India to Uruguay have increased at an annualized rate of 5.36%,  from $199M in 2017 to $259M in 2022.

In 2022, India 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, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Uruguay exported $108M to India. The main products exported from Uruguay to India were Rough Wood ($75.8M), Excavation Machinery ($7.14M), and Wool ($6.33M). During the last 5 years the exports of Uruguay to India have increased at an annualized rate of 45.6%, from $16.6M in 2017 to $108M in 2022.

In 2017, India exported $259M to Uruguay. The main products exported from India to Uruguay were Refined Petroleum ($82.1M), Cars ($27.3M), and Tractors ($8.76M). During the last 5 years the exports of India to Uruguay have increased at an annualized rate of 5.36%, from $199M in 2022 to $259M in 2017.

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

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

Latest Data

Trade between Uruguay (Flag) and India (Flag)

Uruguay Exports

India Exports

Market Competitiveness

Color
Uruguay
Top DestinationChina$2.89B
India
Top DestinationUnited States$82.9B

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

In 2022, countries that imported more from Uruguay than India included Cuba ($56.8M) and French Polynesia ($21.8M).

In 2022, countries that imported more from India than Uruguay included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

Comparative Advantage Uruguay - India

Flow
Scale

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

During 2022, Uruguay had a large net trade with India in the exports of Wood Products ($75.8M), Machines ($7.28M), and Textiles ($7.2M).

During 2017, India had a large net trade with Uruguay in the exports of Mineral Products ($82.2M), Chemical Products ($43.8M), and Transportation ($41.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Uruguay India+$976kScrap Aluminium
Top Product Potential India Uruguay+$27.6MRefined Petroleum

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

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

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

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