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2022
Exports $189MWorld Rnk 66 / 223
Flag Rnk 14 / 96
2022
Destination $8.39M Brazil
2021 - 2022
FASTEST GROWING MARKET $8.39MChina
2022
PRODUCT COMPLEXITY IN Pharmaceutical products1.38Rnk 75 / 1025
2022
Imports $653MWorld Rnk 80 / 226
Flag Rnk 7 / 96
2022
Origin $43.9M Argentina
2021 - 2022
FASTEST GROWING ORIGIN $43.9MItaly
2022
ECONOMIC COMPLEXITY of Uruguay0.15Rnk 57 / 133

About

Exports In 2022, Uruguay exported $189M in Pharmaceutical products, making it the 66th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 14th most exported product in Uruguay. The main destination of Pharmaceutical products exports from Uruguay are: Brazil ($28.5M), Argentina ($27.6M), China ($22.9M), Paraguay ($19.2M), and Colombia ($9.41M).

The fastest growing export markets for Pharmaceutical products of Uruguay between 2021 and 2022 were China ($8.39M), Brazil ($5.56M), and Uruguay ($4.33M).

Imports In 2022, Uruguay imported $653M in Pharmaceutical products, becoming the 80th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 7th most imported product in Uruguay. Uruguay imports Pharmaceutical products primarily from: Argentina ($159M), Italy ($80.5M), Germany ($74.1M), Switzerland ($66.5M), and United States ($57.9M).

The fastest growing import markets in Pharmaceutical products for Uruguay between 2021 and 2022 were Italy ($43.9M), United States ($29.3M), and Argentina ($29M).

Latest Trends

Jul 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 Pharmaceutical products. 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)$189M
IMPORTS (2022)$653M
NET TRADE (2022)-$464M

In 2022, Uruguay exported $189M in Pharmaceutical products. The main destinations of Uruguay exports on Pharmaceutical products were Brazil ($28.5M), Argentina ($27.6M), China ($22.9M), Paraguay ($19.2M), and Colombia ($9.41M).

In 2022, Uruguay imported $653M in Pharmaceutical products, mainly from Argentina ($159M), Italy ($80.5M), Germany ($74.1M), Switzerland ($66.5M), and United States ($57.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Uruguay WERE (2021 - 2022):
China$8.39M (57.8%)
Brazil$5.56M (24.2%)
Uruguay$4.33M (122%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Uruguay WERE (2021 - 2022):
South Africa-$6.03M (-43.2%)
Paraguay-$5M (-20.7%)
Argentina-$2.92M (-9.57%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Uruguay's main exporting competitors in Pharmaceutical products were:
Germany $125B
Switzerland $93.8B
United States $90B
In 2022, Uruguay's main importing competitors in Pharmaceutical products were:
United States $168B
Germany $71.1B
Switzerland $48.5B

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBrazil+ $22M
TOP IMPORT POTENTIALGermany+ $26M

Pharmaceutical products’s highest export potential is Brazil. With an export gap of $22M.   Pharmaceutical products’s highest import potential is Germany with an import gap of $26M.

See methodology.

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