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2023
Flag → Flag
Exports $1.23BRnk 76 / 220
2023
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Top Product $314MCrude Petroleum
2023
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Exports $880MRnk 3 / 166
2023
Flag → Flag
Top Product $292MFrozen Bovine Meat
2023
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Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
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Economic Complexity (ECI) ECI 0.22Rnk 52 / 132
2023
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GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
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GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
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 GDP$77.2BCURRENT US$
Rnk 81 / 195
2013-2023
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GDP GROWTH25.9%CURRENT US$
Rnk 122 / 195
2023
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GDP PC $82,769CURRENT US$
Rnk 9 / 195
2013-2023
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GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195
2023
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GDP PC$22,798CURRENT US$
Rnk 54 / 196
2013-2023
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GDP PC GROWTH24.3%CURRENT US$
Rnk 90 / 195

About

United States-Uruguay Trade: In 2023, United States exported $1.23B to Uruguay. The main products that United States exported to Uruguay were Crude Petroleum ($314M), Refined Petroleum ($138M), and Sodium or Potassium Peroxides ($80.6M). Over the past 5 years the exports of United States to Uruguay have increased at an annualized rate of 8.85%, from $804M in 2018 to $1.23B in 2023.

In 2023, United States did not export any services to Uruguay.

Uruguay-United States Trade: In 2023, Uruguay exported $880M to United States. The main products that Uruguay exported to United States were Frozen Bovine Meat ($292M), Bovine, Sheep, and Goat Fat ($104M), and Sulfate Chemical Woodpulp ($94.8M). Over the past 5 years the exports of Uruguay to United States have increased at an annualized rate of 14.6%,  from $446M in 2018 to $880M in 2023.

In 2023, Uruguay did not export any services to United States.

Comparison: In 2023,  United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T). That same year, Uruguay ranked 52 in the Economic Complexity Index (ECI 0.22), and 100 in total exports ($11B).

Company data: In 2023, leading companies such as Camposol Fresh (283), Lawrence Wholesale (240), and DAVID OPPENHEIMER CO. (141) were at the forefront of exporting goods from Uruguay to the United States. Conversely, Camposol Uruguay Srl (283), Ontilcor S.a. (151), and Other (85) were notable for importing products to Uruguay from the United States.

Latest Trends

November, 2024

About

Overview In November 2024, United States exported $117M and imported $144M from Uruguay, resulting in a negative trade balance of $26.3M. Between November 2023 and November 2024 the exports of United States have increased by $20.9M (21.7%) from $96.5M to $117M, while imports increased by $79.2M (123%) from $64.5M to $144M.

Trade In November 2024, the top exports of United States to Uruguay were Crude Petroleum ($85M), Telephones ($12.2M), Refined Petroleum ($10.9M), Sodium or Potassium Peroxides ($10.5M), and Commodities not elsewhere specified ($9.4M). In November 2024 the top imports of United States from Uruguay were Frozen Bovine Meat ($23.3M), Sulfate Chemical Woodpulp ($14.7M), Other Prepared Meat ($5.19M), Sawn Wood ($4.12M), and Commodities not elsewhere specified ($3.22M).

Origins In November 2024 the exports of United States were mainly from Florida ($44.3M), Illinois ($10.7M), Texas ($9.04M), California ($8.07M), and Georgia ($4.85M), while imports destinations were mainly New Jersey ($33.6M), Pennsylvania ($29.1M), California ($27.6M), Texas ($9.76M), and Maryland ($8.53M).

Growth In November 2024, the increase in United States's year-by-year exports to Uruguay was explained primarily by an increase in product exports in Crude Petroleum ($12.9M or 17.9%), Refined Petroleum ($10.4M or 2.03k%), and Telephones ($6.81M or 127%). In November 2024, the increase in United States's year-by-year imports  from Uruguay was explained primarily by an increase in product imports  in Frozen Bovine Meat ($11.6M or 98.8%), Sulfate Chemical Woodpulp ($5.57M or 61.2%), and Medical Instruments ($1.13M or 200%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)$20.9M(21.7%)
IMPORT GROWTH (November 2023 - November 2024)$79.2M(123%)
MAIN EXPORTER (November 2024)Florida$44.3M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Uruguay and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Uruguay and United States Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United States exported $1.23B to Uruguay. The main products exported from United States to Uruguay were Crude Petroleum ($314M), Refined Petroleum ($138M), and Sodium or Potassium Peroxides ($80.6M). During the last 5 years the exports of United States to Uruguay have increased at an annualized rate of 8.85%, from $804M in 2018 to $1.23B in 2023.

In 2018, Uruguay exported $880M to United States. The main products exported from Uruguay to United States were Frozen Bovine Meat ($292M), Bovine, Sheep, and Goat Fat ($104M), and Sulfate Chemical Woodpulp ($94.8M). During the last 5 years the exports of Uruguay to United States have increased at an annualized rate of 14.6%, from $446M in 2023 to $880M in 2018.

Exports from United States (Flag) to Uruguay (Flag) (2023)

Exports from Uruguay (Flag) to United States (Flag) (2023)

Market Competitiveness

Color
United States
Top DestinationCanada$269B
Uruguay
Top DestinationChina$2.34B

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

In 2023, countries that imported more from United States than Uruguay included Canada ($269B), Mexico ($243B), and China ($154B).

In 2023, no countries were registered that imported more from Uruguay than from United States.

Difference in imports from Uruguay (Flag) and United States (Flag) (2023)

Comparative Advantage United States - Uruguay

Flow
Scale

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

During 2023, United States had a large net trade with Uruguay in the exports of Mineral Products ($527M), Chemical Products ($214M), and Machines ($185M).

During 2018, Uruguay had a large net trade with United States in the exports of Animal Products ($380M), Animal and Vegetable Bi-Products ($106M), and Paper Goods ($96.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United States Uruguay+$42MRefined Petroleum
Top Product Potential Uruguay United States+$38.1MSulfate Chemical Woodpulp

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

Product Space of United States (Flag) and Uruguay (Flag) (2023)

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