Uruguay

Compare Uruguay →

UY · URY · BACI 858 · latest data 2024

Exports

$12.4B USD, nominal · 2024

= $12,440 M37.2% over 5 yrs (up)

Imports

$13.1B USD, nominal · 2024

= $13,066 M35.4% over 5 yrs (up)

Trade balancedeficit

−$626M USD, nominal · 2024

= −$626 M

Total trade

$25.5B USD, nominal · 2024

= $25,506 M36.3% over 5 yrs (up)

World position: #94 of 225 exporters · top half · #106 of 225 importers · top half · 2024
World export share since 1995: ±0.0 pp

Trade timeline

Uruguay's exports grew from $2.6B in 1995 to $12.4B in 2024; the 2024 balance was −$626M.

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Exports, imports, trade balance and total trade of Uruguay per year, USD millions.
Year	Exports ($M)	Imports ($M)	Balance ($M)	Total ($M)
1995	$2,616 M	$3,370 M	−$754 M	$5,986 M
1996	$2,961 M	$3,726 M	−$765 M	$6,687 M
1997	$3,069 M	$4,101 M	−$1,032 M	$7,169 M
1998	$3,182 M	$4,207 M	−$1,025 M	$7,389 M
1999	$2,606 M	$3,723 M	−$1,116 M	$6,329 M
2000	$2,734 M	$3,894 M	−$1,160 M	$6,628 M
2001	$2,410 M	$3,493 M	−$1,083 M	$5,903 M
2002	$2,228 M	$2,279 M	−$51 M	$4,508 M
2003	$2,630 M	$2,672 M	−$42 M	$5,303 M
2004	$3,482 M	$3,949 M	−$467 M	$7,430 M
2005	$4,410 M	$4,701 M	−$291 M	$9,110 M
2006	$4,452 M	$5,859 M	−$1,408 M	$10,311 M
2007	$5,312 M	$6,351 M	−$1,038 M	$11,663 M
2008	$6,929 M	$9,965 M	−$3,036 M	$16,895 M
2009	$6,076 M	$7,410 M	−$1,334 M	$13,486 M
2010	$7,457 M	$9,252 M	−$1,796 M	$16,709 M
2011	$8,598 M	$11,609 M	−$3,010 M	$20,207 M
2012	$9,363 M	$12,651 M	−$3,288 M	$22,015 M
2013	$9,662 M	$12,879 M	−$3,217 M	$22,541 M
2014	$9,440 M	$11,950 M	−$2,510 M	$21,390 M
2015	$8,602 M	$10,127 M	−$1,526 M	$18,729 M
2016	$8,195 M	$8,705 M	−$511 M	$16,900 M
2017	$9,472 M	$10,081 M	−$609 M	$19,552 M
2018	$9,624 M	$10,957 M	−$1,333 M	$20,581 M
2019	$9,067 M	$9,648 M	−$581 M	$18,715 M
2020	$8,062 M	$8,255 M	−$192 M	$16,317 M
2021	$11,095 M	$11,284 M	−$190 M	$22,379 M
2022	$12,720 M	$13,971 M	−$1,251 M	$26,691 M
2023	$11,012 M	$13,470 M	−$2,458 M	$24,482 M
2024	$12,440 M	$13,066 M	−$626 M	$25,506 M

30 rows

World share & rank

World export share moved from 0.1% in 1995 to 0.1% in 2024; export rank #78 → #94.

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World export and import share in percent, and world ranks, of Uruguay per year.
Year	Export share (%)	Import share (%)	Export rank	Import rank
1995	0.05%	0.07%	#78	#78
1996	0.06%	0.07%	#77	#77
1997	0.05%	0.07%	#80	#77
1998	0.06%	0.08%	#78	#79
1999	0.05%	0.06%	#83	#79
2000	0.04%	0.06%	#92	#84
2001	0.04%	0.06%	#99	#93
2002	0.03%	0.03%	#100	#108
2003	0.03%	0.03%	#104	#110
2004	0.04%	0.04%	#98	#99
2005	0.04%	0.04%	#96	#101
2006	0.04%	0.05%	#101	#100
2007	0.04%	0.05%	#100	#104
2008	0.04%	0.06%	#99	#94
2009	0.05%	0.06%	#95	#100
2010	0.05%	0.06%	#95	#99
2011	0.05%	0.06%	#98	#98
2012	0.05%	0.07%	#95	#93
2013	0.05%	0.07%	#97	#94
2014	0.05%	0.07%	#98	#100
2015	0.05%	0.06%	#98	#102
2016	0.05%	0.06%	#95	#105
2017	0.05%	0.06%	#92	#101
2018	0.05%	0.06%	#94	#104
2019	0.05%	0.05%	#98	#108
2020	0.05%	0.05%	#97	#110
2021	0.05%	0.05%	#94	#106
2022	0.05%	0.06%	#97	#102
2023	0.05%	0.06%	#99	#102
2024	0.05%	0.06%	#94	#106

30 rows

Trading partners

China was Uruguay's top trading partner in 2024, at 21.3% of total trade; the top five partners covered 60.8%.

Year

Top partner share: 21.3%
Top-5 share: 60.8%
Partners: 191
Partner HHI (0–1): 0.103

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China $2.5B

Brazil $2.1B

United States $1.2B

Argentina $800M

Italy $448M

Türkiye $442M

Germany $359M

Netherlands $342M

Chile $250M

Mexico $229M

South Korea $174M

Spain $166M

France $117M

India $104M

Nigeria $18M

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Top partners of Uruguay in 2024, USD millions.
Rank	Partner	Exports to ($M)	Imports from ($M)	Total ($M)	Balance ($M)
#1	China	$2,479 M	$2,943 M	$5,422 M	−$464 M
#2	Brazil	$2,104 M	$2,781 M	$4,885 M	−$677 M
#3	Argentina	$800 M	$1,603 M	$2,403 M	−$803 M
#4	United States	$1,202 M	$900 M	$2,102 M	$301 M
#5	Germany	$359 M	$337 M	$696 M	$23 M
#6	Italy	$448 M	$216 M	$664 M	$233 M
#7	Türkiye	$442 M	$150 M	$592 M	$292 M
#8	Spain	$166 M	$301 M	$467 M	−$135 M
#9	Mexico	$229 M	$223 M	$453 M	$6 M
#10	Netherlands	$342 M	$94 M	$436 M	$248 M
#11	Chile	$250 M	$159 M	$409 M	$91 M
#12	Nigeria	$18 M	$387 M	$405 M	−$369 M
#13	France	$117 M	$247 M	$364 M	−$131 M
#14	India	$104 M	$242 M	$347 M	−$138 M
#15	South Korea	$174 M	$160 M	$334 M	$15 M

15 rows

Products & sectors

Product composition of Uruguay's trade in 2024.

Year

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Concentration & risk

Uruguay's export partners diversified over 1995–2024 — HHI 0.161 → 0.089, a diversified export base across 164 partners in 2024.

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Export and import partner HHI (0–1) and partner counts of Uruguay per year.
Year	Export HHI	Import HHI	Export partners	Import partners
1995	0.161	0.118	116	106
1996	0.139	0.109	122	120
1997	0.135	0.108	123	110
1998	0.142	0.107	131	124
1999	0.095	0.101	135	122
2000	0.093	0.098	135	127
2001	0.080	0.096	141	123
2002	0.068	0.111	155	115
2003	0.068	0.109	153	130
2004	0.071	0.095	155	138
2005	0.071	0.094	161	136
2006	0.054	0.106	169	137
2007	0.051	0.115	174	147
2008	0.049	0.113	178	148
2009	0.058	0.120	181	149
2010	0.069	0.093	180	153
2011	0.066	0.098	184	158
2012	0.065	0.088	181	155
2013	0.078	0.087	180	163
2014	0.076	0.095	179	163
2015	0.071	0.091	175	148
2016	0.069	0.094	172	153
2017	0.083	0.120	175	162
2018	0.081	0.125	172	168
2019	0.103	0.123	172	177
2020	0.087	0.113	173	165
2021	0.118	0.099	175	165
2022	0.093	0.114	171	174
2023	0.094	0.111	166	171
2024	0.089	0.121	164	168

30 rows

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