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Uruguay: Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports)

In , Uruguay's Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) was 31.02.

That's down 12.9% from 2022, the highest value since .

The global average for this indicator in 2023 was 22.36 . Uruguay ranks #58 globally out of 204 reporting countries. Within Latin America & Caribbean, it ranks #5 of 36.

Source: World Bank Open Data (TM.VAL.MRCH.OR.ZS) • Data as of 2023

Trend (2004–2023)

Uruguay Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) trend 2008: Global financial crisis 2020: COVID-19 pandemic 2014: Oil price collapse 2022: Russia–Ukraine war begins
  • 2008 · Global financial crisis
  • 2020 · COVID-19 pandemic
  • 2014 · Oil price collapse
  • 2022 · Russia–Ukraine war begins

Highlights

Peak
41.06
Trough
12.79
1-year change
-12.9%
5-year change
-11.7%
-2.5% / yr
10-year change
+3.9%
+0.4% / yr

Historical Data — Last 10 Years

Year Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports)
31.0191
35.6019
40.3210
28.9781
41.0620
35.1452
28.5972
30.8400
28.9774
29.5697

About Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports)

Merchandise imports from low- and middle-income economies outside region are the sum of merchandise imports by the reporting economy from other low- and middle-income economies in other World Bank regions according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.

Indicator code: TM.VAL.MRCH.OR.ZSCategory: Trade & Finance

Frequently asked questions

What was Uruguay's Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) in 2023?
In 2023, Uruguay's Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) was 31.02, according to World Bank Open Data.
Is Uruguay's Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) rising or falling?
Uruguay's Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) fell 12.9% from 2022 to 2023.
How does Uruguay rank globally on Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports)?
In 2023, Uruguay ranked #58 out of 204 countries reporting Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports).
How does Uruguay's Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) compare to the world average?
The global average for Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) in 2023 was 22.36, so Uruguay is above the world average. Within Latin America & Caribbean, it ranks #5 of 36.
What is Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) and how is it measured?
Merchandise imports from low- and middle-income economies outside region are the sum of merchandise imports by the reporting economy from other low- and middle-income economies in other World Bank regions according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.
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Source: World Bank Open Data (TM.VAL.MRCH.OR.ZS), CC BY 4.0.