2023
Exports
$68.7MWorld Rnk 72 / 223
Flag Rnk 29 / 902
2023
PRODUCT COMPLEXITY IN Insulated Wire
-0.48Rnk 691 / 1025
2023
Imports
$52.4MWorld Rnk 118 / 225
Flag Rnk 46 / 1152
2023
ECONOMIC COMPLEXITY of Uruguay
0.22Rnk 52 / 132

About

Exports In 2023, Uruguay exported $68.7M in Insulated Wire, making it the 72nd largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 29th most exported product in Uruguay. The main destination of Insulated Wire exports from Uruguay are: Argentina ($68.3M), Paraguay ($123k), Brazil ($35.6k), Panama ($25.5k), and United States ($24.9k).

The fastest growing export markets for Insulated Wire of Uruguay between 2022 and 2023 were Argentina ($9.31M), Paraguay ($108k), and Panama ($25.4k).

Imports In 2023, Uruguay imported $52.4M in Insulated Wire, becoming the 118th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 46th most imported product in Uruguay. Uruguay imports Insulated Wire primarily from: China ($15M), Brazil ($11.8M), Mexico ($6.43M), Argentina ($5.67M), and United States ($3.11M).

The fastest growing import markets in Insulated Wire for Uruguay between 2022 and 2023 were Argentina ($2.55M), United States ($913k), and India ($562k).

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 Insulated Wire. 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)$68.7M
IMPORTS (2023)$52.4M
NET TRADE (2023)$16.2M

In 2023, Uruguay exported $68.7M in Insulated Wire. The main destinations of Uruguay exports on Insulated Wire were Argentina ($68.3M), Paraguay ($123k), Brazil ($35.6k), Panama ($25.5k), and United States ($24.9k).

In 2023, Uruguay imported $52.4M in Insulated Wire, mainly from China ($15M), Brazil ($11.8M), Mexico ($6.43M), Argentina ($5.67M), and United States ($3.11M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Uruguay WERE (2022 - 2023):
Argentina$9.31M (15.8%)
Paraguay$108k (737%)
Panama$25.4k (60.5k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Uruguay WERE (2022 - 2023):
United States-$21.1k (-45.9%)
Germany-$15.1k (-38.5%)
Italy-$14.9k (-92.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Uruguay's main exporting competitors in Insulated Wire were:
In 2023, Uruguay's main importing competitors in Insulated Wire were:

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $432k
TOP IMPORT POTENTIALChina+ $7.78M

Insulated Wire’s highest export potential is United States. With an export gap of $432k.   Insulated Wire’s highest import potential is China with an import gap of $7.78M.

See methodology.

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