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2023
Flag → Flag
Exports $468MRnk 6 / 166
2023
Flag → Flag
Top Product $312MSulfate Chemical Woodpulp
2023
Flag → Flag
Exports $201MRnk 104 / 219
2023
Flag → Flag
Top Product $6.05MRefrigerators
2023
Flag
Economic Complexity (ECI) ECI 0.22Rnk 52 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag  
GDP$77.2BCURRENT US$
Rnk 81 / 195
2013-2023
Flag
GDP GROWTH25.9%CURRENT US$
Rnk 122 / 195
2023
Flag
 GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
GDP PC $22,798CURRENT US$
Rnk 54 / 195
2013-2023
Flag
GDP PC GROWTH24.3%CURRENT US$
Rnk 90 / 195
2023
Flag
GDP PC$39,003CURRENT US$
Rnk 32 / 196
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195

About

Uruguay-Italy Trade: In 2023, Uruguay exported $468M to Italy. The main products that Uruguay exported to Italy were Sulfate Chemical Woodpulp ($312M), Soybeans ($52.6M), and Frozen Bovine Meat ($26.4M). Over the past 5 years the exports of Uruguay to Italy have increased at an annualized rate of 5.62%, from $356M in 2018 to $468M in 2023.

In 2023, Uruguay did not export any services to Italy.

Italy-Uruguay Trade: In 2023, Italy exported $201M to Uruguay. The main products that Italy exported to Uruguay were Refrigerators ($6.05M), Machinery Having Individual Functions ($5.36M), and Packaged Medicaments ($5.26M). Over the past 5 years the exports of Italy to Uruguay have increased at an annualized rate of 2.97%,  from $174M in 2018 to $201M in 2023.

In 2020, Italy exported services to Uruguay worth $12.2M, with Travel ($5.94M), Other business services ($3.08M), and Transportation ($1.6M) being the largest in terms of value.

Comparison: In 2023,  Uruguay ranked 52 in the Economic Complexity Index (ECI 0.22), and 100 in total exports ($11B). That same year, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Uruguay exported $468M to Italy. The main products exported from Uruguay to Italy were Sulfate Chemical Woodpulp ($312M), Soybeans ($52.6M), and Frozen Bovine Meat ($26.4M). During the last 5 years the exports of Uruguay to Italy have increased at an annualized rate of 5.62%, from $356M in 2018 to $468M in 2023.

In 2018, Italy exported $201M to Uruguay. The main products exported from Italy to Uruguay were Refrigerators ($6.05M), Machinery Having Individual Functions ($5.36M), and Packaged Medicaments ($5.26M). During the last 5 years the exports of Italy to Uruguay have increased at an annualized rate of 2.97%, from $174M in 2023 to $201M in 2018.

Exports from Uruguay (Flag) to Italy (Flag) (2023)

Exports from Italy (Flag) to Uruguay (Flag) (2023)

Latest Data

Trade between Uruguay (Flag) and Italy (Flag)

Uruguay Exports

Italy Exports

Market Competitiveness

Color
Uruguay
Top DestinationChina$2.34B
Italy
Top DestinationGermany$71.4B

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

In 2023, countries that imported more from Uruguay than Italy included Saint Martin ($25.6k) and British Indian Ocean Territory ($22.5k).

In 2023, countries that imported more from Italy than Uruguay included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

Difference in imports from Italy (Flag) and Uruguay (Flag) (2023)

Comparative Advantage Uruguay - Italy

Flow
Scale

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

During 2023, Uruguay had a large net trade with Italy in the exports of Paper Goods ($312M), Animal Products ($57.6M), and Vegetable Products ($57.3M).

During 2018, Italy had a large net trade with Uruguay in the exports of Machines ($78.7M), Chemical Products ($27.2M), and Plastics and Rubbers ($16.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Uruguay Italy+$7.48MBovine Meat
Top Product Potential Italy Uruguay+$5.34MVaccines, blood, antisera, toxins and cultures

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 2020, Italy exported services to Uruguay worth $12.2M, with Travel ($5.94M), Other business services ($3.08M), and Transportation ($1.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Italy (Flag) to Uruguay (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Uruguay (Flag) and Italy (Flag) (2023)

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