Uruguay: Trade openness

* indicates monthly or quarterly data series
 Uruguay

Trade openness: exports plus imports as percent of GDP

 Latest value 57.19
 Year 2022
 Measure percent
 Data availability 1960 - 2022
 Average 40.96
 Min - Max 19.92 - 65.21
 Source The World Bank
For that indicator, we provide data for Uruguay from 1960 to 2022. The average value for Uruguay during that period was 40.96 percent with a minimum of 19.92 percent in 1973 and a maximum of 65.21 percent in 2008. The latest value from 2022 is 57.19 percent. For comparison, the world average in 2022 based on 148 countries is 100.81 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 - Trade openness - recent values

Historical chart
Uruguay - Trade openness - historical chart - 1960-2022




Definition: Exports plus imports as percent of GDP.


 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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