2022
Flag  
GDP
$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
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GDP GROWTH
31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
 GDP
$406BCURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP GROWTH
-6.57%CURRENT US$
Rnk 171 / 186
2022
Flag
GDP PC 
$20,795CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
29.3%CURRENT US$
Rnk 65 / 186
2022
Flag
GDP PC
$6,776CURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP PC GROWTH
-17.1%CURRENT US$
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About

Uruguay-South Africa Trade: In 2022, Uruguay exported $32.2M to South Africa. The main products that Uruguay exported to South Africa were Concentrated Milk ($8.58M), Packaged Medicaments ($5.29M), and Butter ($4.16M). Over the past 5 years the exports of Uruguay to South Africa have decreased at an annualized rate of 1.83%, from $35.3M in 2017 to $32.2M in 2022.

In 2022, Uruguay did not export any services to South Africa.

South Africa-Uruguay Trade: In 2022, South Africa exported $43M to Uruguay. The main products that South Africa exported to Uruguay were Trailers and semi-trailers, not mechanically propelled vehicles ($9.81M), Large Flat-Rolled Stainless Steel ($6.71M), and Combustion Engines ($5.67M). Over the past 5 years the exports of South Africa to Uruguay have increased at an annualized rate of 7.23%,  from $30.3M in 2017 to $43M in 2022.

In 2022, South Africa 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, South Africa ranked 59 in the Economic Complexity Index (ECI 0.076), and 34 in total exports ($147B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Uruguay exported $32.2M to South Africa. The main products exported from Uruguay to South Africa were Concentrated Milk ($8.58M), Packaged Medicaments ($5.29M), and Butter ($4.16M). During the last 5 years the exports of Uruguay to South Africa have decreased at an annualized rate of 1.83%, from $35.3M in 2017 to $32.2M in 2022.

In 2017, South Africa exported $43M to Uruguay. The main products exported from South Africa to Uruguay were Trailers and semi-trailers, not mechanically propelled vehicles ($9.81M), Large Flat-Rolled Stainless Steel ($6.71M), and Combustion Engines ($5.67M). During the last 5 years the exports of South Africa to Uruguay have increased at an annualized rate of 7.23%, from $30.3M in 2022 to $43M in 2017.

Exports from Uruguay (Flag) to South Africa (Flag) (2022)

Exports from South Africa (Flag) to Uruguay (Flag) (2022)

Latest Data

Trade between Uruguay (Flag) and South Africa (Flag)

Uruguay Exports

South Africa Exports

Market Competitiveness

Color
Uruguay
Top Destination
China$2.89B
South Africa
Top Destination
China$23.4B

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

In 2022, countries that imported more from Uruguay than South Africa included Brazil ($1.69B), Argentina ($999M), and Algeria ($229M).

In 2022, countries that imported more from South Africa than Uruguay included China ($23.4B), United States ($10.9B), and Germany ($9.96B).

Difference in imports from South Africa (Flag) and Uruguay (Flag) (2022)

Comparative Advantage Uruguay - South Africa

Flow
Scale

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

During 2022, Uruguay had a large net trade with South Africa in the exports of Animal Products ($14.8M), Chemical Products ($8.14M), and Vegetable Products ($3.46M).

During 2017, South Africa had a large net trade with Uruguay in the exports of Transportation ($14.3M), Metals ($8.13M), and Machines ($7.47M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Uruguay South Africa+$1.71MPackaged Medicaments
Top Product Potential South Africa Uruguay+$4.96MCars

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

Product Space of Uruguay (Flag) and South Africa (Flag) (2022)

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