2023
Exports
$1.19MWorld Rnk 124 / 221
Flag Rnk 212 / 902
2023
PRODUCT COMPLEXITY IN Excavation Machinery
1.14Rnk 128 / 1025
2023
Imports
$17.6MWorld Rnk 132 / 224
Flag Rnk 158 / 1152
2023
ECONOMIC COMPLEXITY of Uruguay
0.22Rnk 52 / 132

About

Exports In 2023, Uruguay exported $1.19M in Excavation Machinery, making it the 124th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 212th most exported product in Uruguay. The main destination of Excavation Machinery exports from Uruguay are: Netherlands ($310k), United States ($164k), France ($159k), Chile ($93k), and Brazil ($63.5k).

The fastest growing export markets for Excavation Machinery of Uruguay between 2022 and 2023 were Netherlands ($310k), France ($159k), and United States ($79.1k).

Imports In 2023, Uruguay imported $17.6M in Excavation Machinery, becoming the 132nd largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 158th most imported product in Uruguay. Uruguay imports Excavation Machinery primarily from: China ($4.06M), Brazil ($3.37M), United States ($1.74M), Italy ($1.5M), and Germany ($1.19M).

The fastest growing import markets in Excavation Machinery for Uruguay between 2022 and 2023 were Netherlands ($684k), Germany ($375k), and Mexico ($244k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Excavation Machinery. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.19M
IMPORTS (2023)$17.6M
NET TRADE (2023)-$16.5M

In 2023, Uruguay exported $1.19M in Excavation Machinery. The main destinations of Uruguay exports on Excavation Machinery were Netherlands ($310k), United States ($164k), France ($159k), Chile ($93k), and Brazil ($63.5k).

In 2023, Uruguay imported $17.6M in Excavation Machinery, mainly from China ($4.06M), Brazil ($3.37M), United States ($1.74M), Italy ($1.5M), and Germany ($1.19M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Uruguay WERE (2022 - 2023):
Netherlands$310k (1%)
France$159k (1%)
United States$79.1k (92.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Uruguay WERE (2022 - 2023):
India-$7.14M (-100%)
Suriname-$1.5M (-98.4%)
Argentina-$64.1k (-69.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Uruguay's main exporting competitors in Excavation Machinery were:
In 2023, Uruguay's main importing competitors in Excavation Machinery were:

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Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALIndia+ $536k
TOP IMPORT POTENTIALChina+ $2.77M

Excavation Machinery’s highest export potential is India. With an export gap of $536k.   Excavation Machinery’s highest import potential is China with an import gap of $2.77M.

See methodology.

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