United Kingdom (GBR) and Uruguay (URY) Trade | The Observatory of Economic Complexity

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United Kingdom (GBR) and Uruguay (URY) Trade

2022

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Exports $143MRnk 97 / 224

2022

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About

United Kingdom-Uruguay In 2022, United Kingdom exported $143M to Uruguay. The main products that United Kingdom exported to Uruguay are Hard Liquor ($47.8M), Packaged Medicaments ($15.3M), and Tractors ($9.98M). During the last 27 years the exports of United Kingdom to Uruguay have increased at an annualized rate of 1.78%, from $88.8M in 1995 to $143M in 2022.

In 2018, United Kingdom exported services to Uruguay worth $13.3M, with Communications services ($10.6M) and Other business services ($2.72M) being the largest in terms of value.

Uruguay-United Kingdom In 2022, Uruguay exported $115M to United Kingdom. The main products that Uruguay exported to United Kingdom were Bovine Meat ($25.6M), Rice ($23.4M), and Rapeseed ($21.7M). During the last 27 years the exports of Uruguay to United Kingdom have increased at an annualized rate of 0.76%, from $94.1M in 1995 to $115M in 2022.

In 2022, Uruguay did not export any services to United Kingdom.

Comparison In 2022, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). 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, United Kingdom exported £10.9M and imported £4.45M from Uruguay, resulting in a positive trade balance of £6.49M. Between February 2023 and February 2024 the exports of United Kingdom have decreased by £-958k (-8.06%) from £11.9M to £10.9M, while imports decreased by £-23.9M (-84.3%) from £28.4M to £4.45M.

Trade In February 2024, the top exports of United Kingdom to Uruguay were Hard Liquor (£1.68M), Packaged Medicaments (£836k), Motor vehicles; parts and accessories (8701... (£660k), Tractors (£517k), and Stone Processing Machines (£500k). In February 2024 the top imports of United Kingdom from Uruguay were Rapeseed (£21.1M), Rice (£2.57M), Bovine Meat (£1.72M), Sulfate Chemical Woodpulp (£1.35M), and Iron Pipes (£843k).

Origins In February 2024 the exports of United Kingdom were mainly from London Gateway (£2.35M), London Heathrow Airport (£1.97M), Killingholme (£1.17M), East Midlands Airport (£330k), and London (£287k), while imports destinations were mainly London Gateway (£3.6M), Aberdeen (£301k), Middlesbrough (£214k), and London (£99.1k).

Growth In February 2024, the decrease in United Kingdom's year-by-year exports to Uruguay was explained primarily by an decrease in product exports in Packaged Medicaments (£-709k or -45.9%), Lifting Machinery (£-531k or -99.3%), and Laboratory Reagents (£-165k or -65.8%). In February 2024, the decrease in United Kingdom's year-by-year imports from Uruguay was explained primarily by an decrease in product imports in Plywood (£-370k or -58.1%), Frozen Bovine Meat (£-23.8k or -5.24%), and Chemical Analysis Instruments (£-7.53k or -47.6%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)£-958k(-8.06%)

IMPORT GROWTH (February 2023 - February 2024)£-23.9M(-84.3%)

MAIN EXPORTER (February 2024)London Gateway£2.35M

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

To check Uruguay and United Kingdom trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United Kingdom exported $143M to Uruguay. The main products exported from United Kingdom to Uruguay were Hard Liquor ($47.8M), Packaged Medicaments ($15.3M), and Tractors ($9.98M). During the last 27 years the exports of United Kingdom to Uruguay have increased at an annualized rate of 1.78%, from $88.8M in 1995 to $143M in 2022.

In 2022, Uruguay exported $115M to United Kingdom. The main products exported from Uruguay to United Kingdom were Bovine Meat ($25.6M), Rice ($23.4M), and Rapeseed ($21.7M). During the last 27 years the exports of Uruguay to United Kingdom have increased at an annualized rate of 0.76%, from $94.1M in 1995 to $115M in 2022.

Exports from United Kingdom () to Uruguay () (2022)

Exports from Uruguay () to United Kingdom () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United Kingdom
Top DestinationUnited States$61.8B

Uruguay
Top DestinationChina$2.89B

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

In 2021, countries that imported more from United Kingdom than Uruguay were United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2021, countries that imported more from Uruguay than United Kingdom were Argentina ($999M), Paraguay ($149M), and Cuba ($56.8M).

Difference in imports from Uruguay () and United Kingdom () (2022)

Comparative Advantage United Kingdom - Uruguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United Kingdom had a large net trade with Uruguay in the exports of Foodstuffs ($49.9M), Chemical Products ($30.9M), and Machines ($26.2M).

During 2022, Uruguay had a large net trade with United Kingdom in the exports of Vegetable Products ($46.1M), Animal Products ($32.4M), and Wood Products ($11.9M).

Service Trade

Bilateral Service Trade

Gbr Year

In 2018, United Kingdom exported services to Uruguay worth $13.3M, with Communications services ($10.6M) and Other business services ($2.72M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom () to Uruguay () (2018)

Economic Complexity

Competitive Landscape

Year

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 United Kingdom has comparative advantage over Uruguay. Similarly, the more yellow a dot/product is, the more Uruguay has comparative advantage over United Kingdom.

Product Space of United Kingdom () and Uruguay () (2022)

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