2022
Flag  
GDP
$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH
31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
 GDP
$522BCURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP GROWTH
99%CURRENT US$
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2022
Flag
GDP PC 
$20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH
29.3%CURRENT US$
Rnk 65 / 186
2022
Flag
GDP PC
$54,660CURRENT US$
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2012-2022
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GDP PC GROWTH
64.9%CURRENT US$
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About

Uruguay-Israel Trade: In 2022, Uruguay exported $103M to Israel. The main products that Uruguay exported to Israel were Frozen Bovine Meat ($76.4M), Bovine Meat ($7.13M), and Sheep and Goat Meat ($6.47M). Over the past 5 years the exports of Uruguay to Israel have decreased at an annualized rate of 5.78%, from $139M in 2017 to $103M in 2022.

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

Israel-Uruguay Trade: In 2022, Israel exported $48.3M to Uruguay. The main products that Israel exported to Uruguay were Mixed Mineral or Chemical Fertilizers ($21.3M), Potassic Fertilizers ($8.89M), and Liquid Dispersing Machines ($4.51M). Over the past 5 years the exports of Israel to Uruguay have increased at an annualized rate of 21.1%,  from $18.6M in 2017 to $48.3M in 2022.

In 2007, Israel exported services to Uruguay worth $277k, with Computer and information services ($277k) 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, Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Uruguay exported $103M to Israel. The main products exported from Uruguay to Israel were Frozen Bovine Meat ($76.4M), Bovine Meat ($7.13M), and Sheep and Goat Meat ($6.47M). During the last 5 years the exports of Uruguay to Israel have decreased at an annualized rate of 5.78%, from $139M in 2017 to $103M in 2022.

In 2017, Israel exported $48.3M to Uruguay. The main products exported from Israel to Uruguay were Mixed Mineral or Chemical Fertilizers ($21.3M), Potassic Fertilizers ($8.89M), and Liquid Dispersing Machines ($4.51M). During the last 5 years the exports of Israel to Uruguay have increased at an annualized rate of 21.1%, from $18.6M in 2022 to $48.3M in 2017.

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

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

Latest Data

Trade between Uruguay (Flag) and Israel (Flag)

Uruguay Exports

Israel Exports

Market Competitiveness

Color
Uruguay
Top Destination
China$2.89B
Israel
Top Destination
United States$20.3B

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

In 2022, countries that imported more from Uruguay than Israel included Argentina ($999M), Algeria ($229M), and Paraguay ($149M).

In 2022, countries that imported more from Israel than Uruguay included United States ($20.3B), Palestine ($4.6B), and Ireland ($3.86B).

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

Comparative Advantage Uruguay - Israel

Flow
Scale

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

During 2022, Uruguay had a large net trade with Israel in the exports of Animal Products ($94.6M), Vegetable Products ($4.96M), and Foodstuffs ($1.24M).

During 2017, Israel had a large net trade with Uruguay in the exports of Chemical Products ($33.5M), Machines ($8.43M), and Plastics and Rubbers ($2.47M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Uruguay Israel+$2.37MBovine Meat
Top Product Potential Israel Uruguay+$1.34MPesticides

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 Israel. This means that a dot/product with the flag of Uruguay indicates it has a comparative advantage over Israel. Similarly, a dot/product with the flag of Israel indicates it has a comparative advantage over Uruguay.

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

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