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2022
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Exports $313MRnk 81 / 218
2022
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Top Product $20.7MTraffic Signals
2022
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Exports $148MRnk 15 / 168
2022
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Top Product $54.5MSulfate Chemical Woodpulp
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
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GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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 GDP$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
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GDP GROWTH31.2%CURRENT US$
Rnk 96 / 186
2022
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GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
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GDP PC$20,795CURRENT US$
Rnk 49 / 186
2012-2022
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GDP PC GROWTH29.3%CURRENT US$
Rnk 65 / 186

About

Spain-Uruguay In 2022, Spain exported $313M to Uruguay. The main products that Spain exported to Uruguay are Traffic Signals ($20.7M), Iron Structures ($17.8M), and Cars ($9.65M). During the last 27 years the exports of Spain to Uruguay have increased at an annualized rate of 1.79%, from $194M in 1995 to $313M in 2022.

In 2009, Spain exported services to Uruguay worth $416M, with Services not allocated ($416M) being the largest in terms of value.

Uruguay-Spain In 2022, Uruguay exported $148M to Spain. The main products that Uruguay exported to Spain were Sulfate Chemical Woodpulp ($54.5M), Bovine Meat ($24.3M), and Rice ($11.8M). During the last 27 years the exports of Uruguay to Spain have increased at an annualized rate of 3.47%, from $59M in 1995 to $148M in 2022.

In 2022, Uruguay did not export any services to Spain.

Comparison In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B).

Latest Trends

February, 2024

About

Overview In February 2024, Spain exported €21.8M and imported €10.1M from Uruguay, resulting in a positive trade balance of €11.7M. Between February 2023 and February 2024 the exports of Spain have decreased by €-9.82M (-31.1%) from €31.6M to €21.8M, while imports increased by €4.84M (92.4%) from €5.24M to €10.1M.

Trade In February 2024, the top exports of Spain to Uruguay were Perfumes (€1.77M), Cars (€1.63M), Petroleum Coke (€932k), Electrical Power Accessories (€644k), and Hard Liquor (€620k). In February 2024 the top imports of Spain from Uruguay were Sulfate Chemical Woodpulp (€4.02M), Bovine Meat (€1.75M), Frozen Bovine Meat (€614k), Rice (€602k), and Prepared Wool or Animal Hair (€462k).

Origins In February 2024 the exports of Spain were mainly from Barcelona (€6.93M), Madrid (€3.11M), Murcia (€1.15M), Vizcaya (€1.11M), and Valencia (€1.03M), while imports destinations were mainly Tarragona (€3.26M), Valencia (€1.9M), and Barcelona (€718k).

Growth In February 2024, the decrease in Spain's year-by-year exports to Uruguay was explained primarily by an decrease in product exports in Iron Structures (€-1.82M or -96.7%), Washing and Bottling Machines (€-510k or -96.1%), and Wine (€-440k or -76.7%). In February 2024, the increase in Spain's year-by-year imports  from Uruguay was explained primarily by an increase in product imports  in Bovine Meat (€403k or 29.8%), Prepared Wool or Animal Hair (€380k or 463%), and Vitamins (€186k or 7.38k%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (February 2023 - February 2024)€-9.82M(-31.1%)
IMPORT GROWTH (February 2023 - February 2024)€4.84M(92.4%)
MAIN EXPORTER (February 2024)Barcelona€6.93M

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Uruguay and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Uruguay and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $313M to Uruguay. The main products exported from Spain to Uruguay were Traffic Signals ($20.7M), Iron Structures ($17.8M), and Cars ($9.65M). During the last 27 years the exports of Spain to Uruguay have increased at an annualized rate of 1.79%, from $194M in 1995 to $313M in 2022.

In 2022, Uruguay exported $148M to Spain. The main products exported from Uruguay to Spain were Sulfate Chemical Woodpulp ($54.5M), Bovine Meat ($24.3M), and Rice ($11.8M). During the last 27 years the exports of Uruguay to Spain have increased at an annualized rate of 3.47%, from $59M in 1995 to $148M in 2022.

Exports from Spain (Flag) to Uruguay (Flag) (2022)

Exports from Uruguay (Flag) to Spain (Flag) (2022)

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Uruguay
Top DestinationChina$2.89B

This map shows whether countries import more from Spain or Uruguay. Each country is colored based on the difference in imports they receive from Spain and Uruguay or the difference in the growth in imports.

In 2021, countries that imported more from Spain than Uruguay were France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2019, no countries were registered that imported more from Uruguay than from Spain.

Difference in imports from Uruguay (Flag) and Spain (Flag) (2022)

Comparative Advantage Spain - Uruguay

Flow
Scale

This chart compares trade between Spain and Uruguay by product, considering products traded by both, Spain and Uruguay.

During 2022, Spain had a large net trade with Uruguay in the exports of Machines ($79.4M), Chemical Products ($42.6M), and Transportation ($41.6M).

During 2022, Uruguay had a large net trade with Spain in the exports of Paper Goods ($58.3M), Animal Products ($41.1M), and Vegetable Products ($16.7M).

Service Trade

Bilateral Service Trade

In 2009, Spain exported services to Uruguay worth $416M, with Services not allocated ($416M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Spain (Flag) to Uruguay (Flag) (2009)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Spain has comparative advantage over Uruguay. Similarly, the more yellow a dot/product is, the more Uruguay has comparative advantage over Spain.

Product Space of Spain (Flag) and Uruguay (Flag) (2022)

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