2022
Exports
$85.1MWorld Rnk 75 / 217
Flag Rnk 29 / 918
2022
PRODUCT COMPLEXITY IN Packaged Medicaments
0.67Rnk 291 / 1025
2022
Imports
$418MWorld Rnk 80 / 224
Flag Rnk 3 / 1152
2022
ECONOMIC COMPLEXITY of Uruguay
0.15Rnk 57 / 133

About

Exports In 2022, Uruguay exported $85.1M in Packaged Medicaments, making it the 75th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 29th most exported product in Uruguay. The main destination of Packaged Medicaments exports from Uruguay are: Brazil ($15.4M), Paraguay ($7.33M), Uruguay ($7.2M), Argentina ($6.08M), and Oman ($5.93M).

The fastest growing export markets for Packaged Medicaments of Uruguay between 2021 and 2022 were Uruguay ($3.66M), Brazil ($2.55M), and Colombia ($1.75M).

Imports In 2022, Uruguay imported $418M in Packaged Medicaments, becoming the 80th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 3rd most imported product in Uruguay. Uruguay imports Packaged Medicaments primarily from: Argentina ($144M), Italy ($59M), United States ($40.5M), Switzerland ($40.2M), and Germany ($28.8M).

The fastest growing import markets in Packaged Medicaments for Uruguay between 2021 and 2022 were United States ($27M), Italy ($25.7M), and Argentina ($23.3M).

Latest Trends

Oct 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 Packaged Medicaments. 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 (2022)$85.1M
IMPORTS (2022)$418M
NET TRADE (2022)-$333M

In 2022, Uruguay exported $85.1M in Packaged Medicaments. The main destinations of Uruguay exports on Packaged Medicaments were Brazil ($15.4M), Paraguay ($7.33M), Uruguay ($7.2M), Argentina ($6.08M), and Oman ($5.93M).

In 2022, Uruguay imported $418M in Packaged Medicaments, mainly from Argentina ($144M), Italy ($59M), United States ($40.5M), Switzerland ($40.2M), and Germany ($28.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Uruguay WERE (2021 - 2022):
Uruguay$3.66M (103%)
Brazil$2.55M (19.9%)
Colombia$1.75M (107%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Uruguay WERE (2021 - 2022):
Paraguay-$3.47M (-32.1%)
Bolivia-$2.62M (-54.3%)
Peru-$2.15M (-63%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Uruguay's main exporting competitors in Packaged Medicaments were:
In 2022, Uruguay's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBrazil+ $11.1M
TOP IMPORT POTENTIALGermany+ $17.8M

Packaged Medicaments’s highest export potential is Brazil. With an export gap of $11.1M.   Packaged Medicaments’s highest import potential is Germany with an import gap of $17.8M.

See methodology.

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