Argentina - Uruguay Trade 2023 Whole Year: $1.09B Surplus
Key Market Takeaways: Argentina - Uruguay Trade
The bilateral trade relationship between Argentina and Uruguay shows growth with high volatility in 2023.
- Argentina dominates with a $1.09B surplus, exporting $1.66B to Uruguay while importing $567.48M. Trade volumes fluctuated sharply, with Q1 surges and Q4 declines.
- Argentina - Uruguay trade statistics reveal resource-for-resource exchange: Argentina supplies industrial inputs (mineral fuels, food residues) and imports raw materials (wood pulp, vehicles). No high-tech or deep supply chain links exist.
- Complementary but shallow interdependence: Both economies trade mid-value goods, but reliance on ambiguous categories (e.g., HS Code 99) signals opaque trade dynamics.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Argentina-Uruguay Trade Trend in Whole Year 2023
Argentina Export Performance: Shipments to Uruguay
- Total Volume: $1.66B in 2023.
- Growth Trend & Context:
- Mixed YoY performance: Strong growth in Q1 (peaking at +46.6% in April) but sharp declines in Q4 (e.g., -36.82% in October).
- Key Volatility: August saw a 51.38% MoM surge, while December dropped -49.93% MoM.
Argentina Import Performance: Sourcing from Uruguay
- Total Volume: $567.48M in 2023.
- Growth Trend & Context:
- Predominantly negative YoY trends (e.g., -83.76% in June), except for October (+21.21%).
- Key Volatility: March and May had >50% MoM spikes, but April and June saw steep drops (-35.29% and -25.76% MoM).
Argentina - Uruguay Trade Balance & Market Dynamics
- Net Position: Surplus of $1.09B (Exports > Imports).
- Relationship Status: Argentina is a dominant net exporter to Uruguay, with exports nearly triple imports. Volatility in both directions suggests uneven demand or supply shocks.
Argentina Import Trend from Uruguay 2023 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 38.70M | -10.17% | -34.0% |
| Feb | 38.89M | 0.49% | -40.4% |
| Mar | 58.41M | 50.19% | 11.22% |
| Apr | 37.80M | -35.29% | -47.22% |
| May | 57.55M | 52.24% | -69.77% |
| Jun | 42.73M | -25.76% | -83.76% |
| Jul | 49.70M | 16.32% | -74.57% |
| Aug | 57.03M | 14.75% | -52.22% |
| Sep | 55.62M | -2.47% | -38.09% |
| Oct | 54.46M | -2.09% | 21.21% |
| Nov | 35.99M | -33.91% | -27.58% |
| Dec | 40.60M | 12.81% | -5.75% |
| Total | 567.48M | - | - |
Argentina Export Trend to Uruguay 2023 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 94.05M | -26.62% | 8.6% |
| Feb | 102.44M | 8.93% | 2.98% |
| Mar | 141.29M | 37.92% | 13.46% |
| Apr | 162.89M | 15.29% | 46.6% |
| May | 114.24M | -29.86% | -2.07% |
| Jun | 125.61M | 9.95% | 6.02% |
| Jul | 149.63M | 19.12% | 3.65% |
| Aug | 226.51M | 51.38% | 49.77% |
| Sep | 143.34M | -36.72% | -7.12% |
| Oct | 105.27M | -26.56% | -36.82% |
| Nov | 195.70M | 85.9% | 37.25% |
| Dec | 97.98M | -49.93% | -23.55% |
| Total | 1.66B | - | - |
Get Historical Argentina Uruguay Trade Records
Argentina-Uruguay Top Trading Products in Whole Year 2023
Argentina Export Profile: What Does Argentina Sell to Uruguay
- Top Commodity: HS Code 99 (31.76% share). This is likely unclassified or special category goods, indicating a dominant but ambiguous export.
- Demand Driver: Exports include industrial inputs like HS 27 (mineral fuels, 7.78%) and HS 23 (food residues, 6.23%), suggesting Uruguay uses these for processing or energy needs. Consumer goods like HS 30 (pharmaceuticals, 5.88%) serve local demand.
- Concentration: HS Code 99’s 31.76% share shows high reliance on one category, but the rest are diversified.
Argentina Import Profile: What Does Argentina Buy from Uruguay
- Top Commodity: HS Code 47 (wood pulp, 14.57% share).
- Dependency Nature: Dominated by raw materials—wood pulp (HS 47), vehicles (HS 87), and plastics (HS 39). Reflects Argentina’s reliance on Uruguay for industrial inputs, not critical tech or energy.
Argentina - Uruguay Trade Relationship Dynamics
- The Exchange Model: Resource-for-Resource Complementarity. Argentina exports industrial inputs (HS 27, 23) and imports raw materials (HS 47, 87). Both trade in intermediate goods, but no high-tech or deep supply chain links.
- Value Chain Position: Neither holds a clear high-value position. Trade is balanced in complexity, focusing on mid-value raw and processed goods.
Import Analysis by Product: Uruguay to Argentina (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 47 | 82.70M | 14.57% |
| 87 | 80.04M | 14.10% |
| 85 | 69.23M | 12.20% |
| 39 | 58.76M | 10.35% |
| 15 | 33.76M | 5.95% |
| 12 | 33.71M | 5.94% |
| 30 | 23.27M | 4.10% |
| 27 | 19.82M | 3.49% |
| 38 | 17.35M | 3.06% |
| 04 | 17.13M | 3.02% |
Export Analysis by Product: Argentina to Uruguay (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 99 | 526.83M | 31.76% |
| 27 | 129.04M | 7.78% |
| 23 | 103.40M | 6.23% |
| 10 | 98.68M | 5.95% |
| 30 | 97.48M | 5.88% |
| 87 | 71.33M | 4.30% |
| 11 | 62.49M | 3.77% |
| 38 | 58.96M | 3.55% |
| 39 | 53.26M | 3.21% |
| 33 | 44.92M | 2.71% |
Check Detailed Argentina-Uruguay Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast for Argentina-Uruguay Trade
Argentina’s trade surplus with Uruguay is likely to persist in 2024, but volatility will remain a key challenge. The mixed YoY performance—sharp Q4 declines after strong early-year growth—suggests uneven demand or supply chain disruptions. However, the structural complementarity in resource-based trade (industrial inputs for raw materials) provides a stable foundation. Exporters should anticipate fluctuating demand, particularly in unclassified goods (HS 99) and mineral fuels (HS 27), while importers must brace for sporadic supply shocks in wood pulp (HS 47) and plastics (HS 39).
Strategic Moves for Traders
- Diversify Export Categories: Reduce reliance on HS 99 by expanding shipments of pharmaceuticals (HS 30) and food residues (HS 23), where Uruguay shows steady demand.
- Lock in Raw Material Contracts: Importers should secure long-term agreements for wood pulp (HS 47) and vehicle parts (HS 87) to mitigate price swings and supply shortages.
- Monitor Seasonal Trends: Adjust inventory and logistics strategies to account for Q1 surges and Q4 slumps, using real-time data to optimize timing and pricing.
Frequently Asked Questions
How did Argentina - Uruguay trade perform in 2023 Whole Year?
Argentina exported $1.66B to Uruguay and imported $567.48M, with mixed growth trends—strong Q1 surges but sharp Q4 declines.
What are the top exports from Argentina to Uruguay?
Top exports include unclassified goods (HS Code 99, 31.76%), mineral fuels (HS 27), food residues (HS 23), and pharmaceuticals (HS 30).
What does Argentina import from Uruguay?
Key imports are wood pulp (HS Code 47, 14.57%), vehicles (HS 87), and plastics (HS 39).
What is the trade balance between Argentina and Uruguay?
Argentina had a surplus of $1.09B in 2023, with exports nearly triple imports. Volatility suggests uneven demand or supply shocks.
Argentina Unmanufactured Tobacco Export Market -- HS Code 240120 Trade Data & Price Trend (May 2025)
Argentina's unmanufactured tobacco (HS Code 240120) exports hit $39.62M in May 2025, with 75% premium stemmed/stripped tobacco to Belgium, per yTrade data.
Argentina - Uruguay Trade 2023 Q2: Surplus & Volatility
Argentina's $264.66M trade surplus with Uruguay highlights deep supply chain integration, with raw materials and vehicles driving the Argentina Uruguay trade trend. Data via yTrade.
