Uruguay: Terms of trade

* indicates monthly or quarterly data series
 Uruguay

Terms of trade, base year = 2000

 Latest value 103.94
 Year 2021
 Measure percent
 Data availability 1980 - 2021
 Average 93.24
 Min - Max 76.04 - 119.91
 Source The United Nations
For that indicator, we provide data for Uruguay from 1980 to 2021. The average value for Uruguay during that period was 93.24 percent with a minimum of 76.04 percent in 2006 and a maximum of 119.91 percent in 1980. The latest value from 2021 is 103.94 percent. For comparison, the world average in 2021 based on 189 countries is 109.62 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Uruguay - Terms of trade - Recent values chart

Historical chart
Uruguay - Terms of trade - historical chart - 1980-2021




The terms of trade for Uruguay are calculated as the value of its exports as percent of the value of its imports. An increase in the terms of trade means that the value of exports is increasing relative to the value of imports. The country can afford to buy more imports with the revenue from its exports. For example, an increase in the price of oil increases (improves) the terms of trade for the oil-exporting countries and lowers it for the other countries.
Definition: Net barter terms of trade index is calculated as the percentage ratio of the export unit value indexes to the import unit value indexes, measured relative to the base year 2015.


 Related indicators Latest value Reference Measure
 Terms of trade 103.94 2021 percent
 Trade openness 57.19 2022 percent
 Financial openness 2.299 2021 index points
 Exports, percent of GDP 31.32 2022 percent
 Exports, billion dollars 22.29 2022 billion U.S. dollars
 Growth of exports 11.11 2022 percent
 Imports, percent of GDP 25.87 2022 percent
 Imports, billion dollars 18.41 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 11.97 2022 percent
 Foreign Direct Investment, billion dollars 9.40 2022 billion U.S. dollars
 Portfolio investment inflows, equities 117.07 2022 million dollars (current)
 Current account, percent of GDP -3.18 2022 percent
 Current account, in dollars -2.62 2022 billion U.S. dollars
 Trade balance, percent of GDP 5.45 2022 percent
 Trade balance, in dollars 3.67 2022 billion U.S. dollars
 Reserves 15.13 2022 billion U.S. dollars
 Remittances, percent of GDP 0.18 2022 percent
 Remittances 124.69 2022 million U.S. dollars
 Net errors and omissions 298.59 2022 million USD
 Foreign exchange reserves 15.33 9/2023 billion
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